Posts Tagged Nasdaq 100

U.S. stock futures rise ahead of Bernanke testimony

Posted by Tetyana Matychak in Fund Markets on July 21st, 2010

U.S. stock futures rose on Wednesday, buoyed by Apple’s stronger-than-expected results, as investors braced for testimony by Federal Reserve Chairman Ben Bernanke and another barrage of earnings reports.

Nasdaq 100 futures gained 11.75 points to 1,851.50 and S&P 500 futures added 4.40 points to 1,084.50. Futures on the Dow Jones Industrial Average rose 31 points to 10,210. The Dow (DJIA 10,230, +75.53, +0.74%) ended up 0.7% on Tuesday, reversing intraday triple-digit
losses.

Sentiment was buoyed after Apple (AAPL 251.89, +6.31, +2.57%) reported last night a surge in earnings due to booming demand for its iPhone and iPad devices.

Strategists at Deutsche Bank said the spotlight Wednesday will be on Bernanke’s monetary policy report to the U.S. Senate Banking Committee.

“Expectations that Bernanke may announce policy accommodation measures seemed to help risk assets recover from the softer housing-starts data and Goldman Sachs’ earnings and revenue miss,” they wrote in a note. Markets will “likely listen carefully to decipher any hints about the possibility of a U.S. double-dip [recession].”

Bernanke will start speaking at 2 p.m. Eastern time, but before that investors will get a number of earnings reports from companies, including Morgan Stanley (MS 25.22, +0.44, +1.78%) , Wells Fargo & Co. (WFC 25.91, -0.11, -0.42%) and  Freeport McMoRan Copper & Gold Inc. (FCX 64.32, +3.46, +5.69%) .  Read the rest of this entry »

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Stocks look to jobs report

Posted by Tetyana Matychak in Favourites, Fund Markets on September 4th, 2009

U.S. stocks were poised to open higher Friday, although the mood on Wall Street could change once the government releases its monthly jobs report.

At 7 a.m. ET, Dow Jones industrial average, Nasdaq 100 and Standard & Poor’s 500 futures were up.

Futures measure current index values against their perceived future performance and offer an indication of how markets may open when trading begins.

Futures appeared to get a lift from the wave of optimism that swept markets in the previous session. Wall Street staged a late-session rally Thursday after three straight days of losses.

Peter Cardillo, chief market economist for Avalon Partners, said that Friday’s volume will be light ahead of the Labor Day weekend - and that trading will be all about the monthly employment report, scheduled before the bell.

Economy: All eyes are on the August report from the Labor Department, which is due out at 8:30 a.m. ET. Read the rest of this entry »

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