Posts Tagged ‘Nasdaq 100’

Stock futures fall after news of JP Morgan loss

Thursday, May 10th, 2012

NEW YORK (Reuters) – Stock index futures slid after the market’s close on Thursday as JPMorgan Chase & Co said its chief investment office “had significant mark-to-market losses” since March 31. JPMorgan‘s stock lost 5 percent to $38.67 in after-hours trading.

S&P 500 futures fell 9.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Nasdaq 100 futures fell 14.75 points.

(Reporting by Edward Krudy; Editing by Jan Paschal)

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Original post by Jim Yih

Stock futures edge lower after run up; jobless data eyed

Thursday, April 26th, 2012

NEW YORK (Reuters) – Stock index futures edged lower on Thursday after the Nasdaq posted its biggest gain of the year in the prior session and as investors looked ahead to jobless claims data, a barometer of the health of the labor market.

S&P 500 futures fell 1.5 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures fell 9 points, and Nasdaq 100 futures fell 6 points.

(Reporting by Ed Krudy; editing by W Simon)

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Original post by Jim Yih

Stock futures cut gains after jobless data

Thursday, April 19th, 2012

NEW YORK (Reuters) – Stock index futures pared gains on Thursday after data showed new claims for weekly jobless benefits came in above forecasts and the figure for the previous week was revised higher, dampening hopes of a pick-up in job creation in April.

S&P 500 futures rose 1.5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 21 points, and Nasdaq 100 futures rose 9.75 points.

(Reporting By Edward Krudy; editing by Jeffrey Benkoe)

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Original post by Jim Yih

Futures pare losses after JPMorgan results

Friday, April 13th, 2012

NEW YORK (Reuters) – Stock index futures pared losses on Friday after JPMorgan reported higher earnings per share as the company bought back stock.

Stock index futures were under pressure on Friday, weighed by bearish concern over Spain’s rising borrowing costs and Chinese economic data.

S&P 500 futures fell 2.9 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures lost 28 points and Nasdaq 100 futures fell 2.25 points.

(Reporting by Rodrigo Campos; Editing by W Simon)

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Original post by Jim Yih

Wall Street to open flat, S&P on track for weekly drop

Friday, March 23rd, 2012

NEW YORK (Reuters) – Stocks were poised for a flat open on Friday after equities suffered their worst percentage drop in two weeks, with the S&P 500 on track for its first decline in the past six weeks.

The S&P lost 0.7 percent on Thursday, its biggest percentage drop since March 6, although the benchmark index is still near four-year highs.

The benchmark S&P is down 0.8 percent for the week, and many investors were waiting for a further pullback as the index has risen 10.8 percent for the year and 26.7 percent from its October low.

Analysts do not see the current declines as the start of a deeper pullback, instead looking for a boost next week from quarter-end “window dressing,” when fund managers drop poor performing stocks and chase better-performing ones.

Factory data showing a slowdown in both the euro zone and China sent the S&P 500 lower on Thursday to its first close closed below 1,400 in six sessions.

“We are all looking for a correction in the markets and that is what we are getting at the moment,” said Frank Lesh, a futures analyst and broker at FuturePath Trading LLC in Chicago.

“It’s not a deep and serious correction but we were a bit overbought and we could just move sideways to slightly lower to correct that, and it appears that is what we are doing.”

Economic reports on tap for Friday include new home sales for February at 10 a.m. EDT (1400 GMT). Economists in a Thomson Reuters survey forecast a total of 325,000 annualized units compared with 321,000 in January.

S&P 500 futures fell 8.6 points and were slightly above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures were unchanged, and Nasdaq 100 futures lost 4 points.

KB Home tumbled 15.9 percent to $9.45 in premarket trading after the fifth-largest U.S. homebuilder posted a wider first-quarter loss and said orders for new homes declined.

Zynga Inc fell 2.2 percent to $13.45 premarket after the online games maker said shareholders will sell about 43 million shares in a secondary offering.

Nike Inc edged up 0.3 percent to $111.30 premarket after the sportswear retailer forecast a strong year and said it was heading into the spring quarter with strong demand and improving margin trends.

Jobs search website Monster Worldwide Inc is open to selling all or part of itself and expects to have data ready for potential buyers fairly soon, Chief Executive Sal Iannuzzi said in an interview. Shares gained 3.6 percent to $9.83 premarket.

Darden Restaurants Inc gained 0.3 percent to $52 premarket posted higher third-quarter profit, boosted by increased sales at its Olive Garden chain.

(Reporting By Chuck Mikolajczak; editing by Jeffrey Benkoe)

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Original post by Jim Yih

Futures hold losses after data

Thursday, March 22nd, 2012

NEW YORK (Reuters) – Stock index futures briefly extended their losses on Thursday after the latest reading on jobless claims.

While claims came in lighter than expected, it was not enough to overcome the negative tone in equities, which started after the HSBC flash purchasing managers index showed China‘s manufacturing sector activity shrank in March for a fifth successive month.

In addition, the March Markit’s Eurozone Composite PMI showed further contraction, led by a decline in French and German factory activity.

The data greatly reduced hopes the euro zone could sidestep a recession while indicating China’s economic slowdown has yet to wane.

S&P 500 futures fell 8 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 62 points, and Nasdaq 100 futures lost 13.25 points.

(Reporting By Ryan Vlastelica; Editing by Theodore d’Afflisio)

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Original post by Jim Yih

Greece, economy worries weigh on stock futures

Tuesday, March 6th, 2012

NEW YORK (Reuters) – Stock index futures fell on Tuesday on renewed concerns that Greece and private bondholders would not meet a looming deadline to complete a debt swap, potentially opening the way for a messy default that could hurt neighboring economies.

A group representing bondholders warned a default could leave Italy and Spain needing outside help to stop contagion from spreading and cause more than 1 trillion euros ($1.3 trillion) of damage to the region.

Creditors have until Thursday night to accept a bond swap in which they would lose almost three-quarters of the value of their bonds.

Heightening tensions over Greece come a day after China cut its growth forecast and data showed the European Union is unlikely to avoid a recession.

“With the fresh uncertainties coming into play about Greece and after the effects of the Chinese slowdown, investors are taking a defensive posture,” said Andre Bakhos, director of market analytics at Lek Securities in New York.

Banks and materials shares, sensitive to flare-ups in Europe’s debt crisis, fell in early trading. Bank of America Corp lost 1.3 percent to $7.87, while aluminum producer Alcoa Inc was off 1.3 pct to $9.74.

S&P 500 futures were off 10.4 points and below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures slid 81 points, and Nasdaq 100 futures lost 18.5 points.

Greece has no plans to extend the March 8 deadline on its bond swap offer to private creditors, Greek officials said, dismissing market rumors the cutoff date may be changed to increase participation in the offer.

European shares hit a 1-week low. The FTSEurofirst 300 index of top European shares was down 1.2 percent. Hong Kong shares suffered their biggest slump in nearly three months as the Hang Seng index lost 2.2 percent.

Oil eased in volatile trading on concerns over global economic growth despite the continued risk to supplies due to tensions associated with Iran. Brent crude fell 0.5 percent to $123.12 a barrel.

Shares in Exxon Mobil Corp fell 0.8 percent to $86.30 in premarket trade. The Select Sector SPDR energy exchange-traded fund lost 0.8 percent to $73.70.

Yahoo Inc’s new chief executive was preparing a significant restructuring of the Internet media company that would include thousands of layoffs, according to a technology blog.

El Paso Corp delayed a shareholder vote on the pipeline company’s acquisition by rival Kinder Morgan Inc to allow investors to consider a judge’s ruling that criticized some of the deal’s participants.

General Motors Co will pay 320 million euros ($423 million) for a 7 percent stake in French automaker Peugeot SA as part of an alliance designed to save the companies at least $2 billion.

(Reporting by Edward Krudy; editing by Jeffrey Benkoe)

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Original post by Jim Yih

Stock futures point to steady Wall St open (Reuters)

Thursday, March 1st, 2012

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Artist and Occupy Wall Street demonstrator David Everett Carlson sits in his cardboard box as he paints signs at a rally by supporters of the Occupy movement against the suppression of the movement by the police in Union Square in New York February 28, 2012.  REUTERS/Mike Segar (UNITED STATES - Tags: CIVIL UNREST SOCIETY BUSINESS)Reuters – Stock index futures pointed to a steady open on Wall Street on Thursday, with futures for the S&P 500 and the Dow Jones staying flat and the Nasdaq 100 futures rising 0.1 percent.

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Original post by Jim Yih

Stock futures mixed, economic data eyed (Reuters)

Wednesday, February 22nd, 2012

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Traders work on the floor of the New York Stock Exchange February 16, 2012. REUTERS/Brendan McDermidReuters – U.S. stock index futures pointed to a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 down 0.1 percent, the Dow Jones futures flat and the Nasdaq 100 rising 0.1 percent.

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Original post by Jim Yih

Stock futures down on Moody’s warnings, Greece (Reuters)

Thursday, February 16th, 2012

NEW YORK (Reuters) – Stock index futures fell on Thursday as a Moody’s warning of a possible downgrade of global banks and a further holdup in a bailout for debt-laden Greece kept investors nervous.

* Moody’s said it might cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone debt crisis was spreading. Among the banks listed were Morgan Stanley (MS.N), Goldman Sachs Group Inc (GS.N) and Bank of America Corp (BAC.N).

* European shares were down 0.7 percent Thursday morning and the euro fell to a three-week low after on the delay over Greece.

* S&P 500 futures dipped 7.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 43 points, and Nasdaq 100 futures fell 7.5 points.

* On the economic side, the U.S. Commerce Department will release housing starts and permits at 8:30 a.m. EST. Economists in a Reuters survey forecast an annualized rate of 675,000 for January starts versus 657,000 in December.

* Weekly jobless claims will be released by the Labor Department also at 8:30 a.m. EST (1330 GMT). Economists look for a reading of 365,000, compared with 358,000 last week.

* At the same time, the Producer Price Index for January is expected to show an increase of 0.4 percent, compared with a 0.1 percent decline in December.

* Google Inc (GOOG.O) shares will be in view after a Chinese official said the Commerce Ministry was reviewing its planned $12.5 billion purchase of Motorola Mobility Holdings Inc (MMI.N).

* Retailers in more Chinese cities were ordered by authorities to take Apple Inc (AAPL.O) iPad tablet computers off shelves this week, according to reports, due to a trademark battle between a Chinese technology firm and Apple.

* Data storage equipment maker NetApp Inc (NTAP.O) reported results in line with Wall Street projections late Wednesday, sending its shares surging nearly 8 percent in after-hours trading.

* AMR Corp (AAMRQ.PK), the parent company of American Airlines, posted a fourth-quarter loss on non-cash charges and reorganization items. The company filed for bankruptcy protection in November.

* Underwear maker Hanesbrands Inc (HBI.N) said it expects to report a quarterly loss for the first time in two years due to rising cotton costs and increased competition.

* U.S. stocks fell on Wednesday for the third time in four sessions, with market direction largely dictated by swings in the shares of Apple Inc (AAPL.O), the world’s most valuable company.

(Reporting by Angela Moon; editing by Jeffrey Benkoe)

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Original post by Jim Yih