Posts Tagged ‘Nasdaq Futures’

Stock index futures point to modest rebound

Friday, May 18th, 2012

U.S. stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 and the Dow Jones up 0.2 percent and Nasdaq futures up 0.3 percent at 4:41 a.m. EDT.

Japan’s Nikkei average dived 3 percent on Friday to log a seventh straight week of losses, its longest such run since the third quarter of 2001, as investors sold stocks and other risky assets on concerns over slowing global growth and a deepening euro zone crisis.

Incoming French President Francois Hollande meets with U.S. President Barack Obama ahead of a meeting of G8 leaders this weekend and a NATO summit that immediately follows. Analysts and officials say there is little doubt the U.S. president will use the opportunity to try to build rapport and stress the importance of European cohesion.

Facebook Inc is set to raise up to $18.4 billion in its IPO and become the first U.S. company to be worth more than $100 billion at its debut, as investors bet on a big pop in the stock when it begins trading on the Nasdaq on Friday.

Strong athletic footwear sales are expected to boost earnings for Foot Locker , whose results outpaced Wall Street estimates throughout 2011. Financial performance in Europe will be a point of focus, considering the macro-headwinds in the continent, although its performance in the U.S. is expected to be solid. Clothier AnnTaylor also reports quarterly results.

GE General Electric aims to double the number of joint ventures it has in China from the current 28 in roughly five years, its vice-chairman said on Friday.

The company is also working with the government of Myanmar on possible infrastructure projects, its vice-chairman said on Friday, a day after the United States said it had suspended sanctions barring U.S. investment in the poor Southeast Asian country.

U.S. stocks hit a four-month low on Thursday as rising Spanish bond yields increased investor anxiety over that country’s banks and another round of weak data undermined hopes for U.S. economic recovery.

The Dow Jones industrial average dropped 156.06 points, or 1.24 percent, to 12,442.49. The Standard & Poor’s 500 Index fell 19.94 points, or 1.51 percent, to 1,304.86. The Nasdaq Composite Index lost 60.35 points, or 2.10 percent, to 2,813.69.

(Reporting By Francesco Canepa)

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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

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 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

Stock futures trim gains on Greece news (Reuters)

Wednesday, February 15th, 2012

NEW YORK (Reuters) – Stock index futures briefly trimmed gains on Wednesday after news euro zone finance officials were examining ways of delaying parts or even all of a second bailout for Greece, while still avoiding a disorderly default.

S&P 500 futures were up 5.5 points and 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 rose 30 points, and Nasdaq 100 futures gained 12.50 points.

(Reporting By Angela Moon; editing by Jeffrey Benkoe)

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Original post by Jim Yih

Stock futures extend losses after retail sales data (Reuters)

Tuesday, February 14th, 2012

NEW YORK (Reuters) – Stock index futures fell on Tuesday after data showed retail sales rose less than expected in January from December as consumers cut back on car purchases and shopped less online.

S&P 500 futures were down 2.5 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 fell 3 points and Nasdaq 100 futures lost 4.25 points.

(Reporting By Angela Moon)

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Original post by Jim Yih

S&P futures cut gains, turn flat (Reuters)

Tuesday, February 14th, 2012

NEW YORK (Reuters) – Stock index futures cut gains Tuesday, with S&P futures turning flat as enthusiasm faded over upbeat data from Germany.

S&P 500 futures fell 0.7 points and were slightly under 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 rose 19 points, and Nasdaq 100 futures added 2.75 points.

(Editing by Padraic Cassidy)

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Original post by Jim Yih