Facebook Denies Bias on Its Site, Global Stocks Rally, Oil Higher

U.S. Stocks are set to rally at the open. Oil is also looking sharply higher. The moves to the upside started in Europe and Japan turned around after the government warned it could intervene against a sharp rise in the Yen. Facebook is under fire this morning for alleged bias. The website Gizmodo quoted anonymous former Facebook employees who said it's team in charge of 'trending topics' list had intentionally suppressed articles from conservative news sources. Facebook has strongly denied this. SolarCity shares are plunging. Shares of the solar provider are now down 60% from their 52 week high. The solar company says panel installations won't meet forecasts. It cites a pullback in a key solar support policy in Nevada. The small business optimism index for April was reported this morning and showed a rise after 3 straight months of lower sentiment. March Wholesale Inventories are released. The U.S. International Trade Commission issues its decision on a patent-infringement case involving Converse, Skechers and New Balance.