Posts Tagged Nasdaq
Futures Fall Ahead of Data Deluge
Posted by Oksana Grebenjuk in Fund Markets on Октябрь 1st, 2009
U.S. stocks futures are indicating a lower open Thursday as investors paused for breath ahead of a flood of economic data.
Less than two hours before the start of trading, Dow Jones Industrial Average futures were 46 points lower at 9607. The S&P 500 futures slipped 5.4 to 1047.5, and Nasdaq 100 futures lost 8.75 to 1708.75. Changes in futures do not always accurately predict early market moves after the opening bell.
U.S. stocks weakened Wednesday on the final day of the third quarter, with the Dow Jones Industrial Average retreating 30 points, the Nasdaq Composite losing 2 points and the S&P 500 slipping 4 points. Weak economic data on jobs and a Chicago-area poll contributed to the bearish tone.
However, the stock market ended near its highs for the year, with many of the riskiest stocks leading the charge.
As the curtain goes up on the fourth quarter Thursday, investors are bracing for a deluge of economic releases. The Labor Department has its weekly jobless claims report and the National Association of Realtors has pending home sales figures. Personal income and the related PCE deflation inflation gauge for August, the Institute for Supply Management’s manufacturing gauge for September, construction spending for August and car sales data for September are also expected. Read the rest of this entry »
Stocks ready to rise again
Posted by Oksana Grebenjuk in Favourites, Fund Markets on Май 7th, 2009
Wall Street was set for a higher open Thursday after Treasury Secretary Tim Geithner offered reassuring comments about U.S. banks and the government reported a 3-month low in jobless claims.
Also, Wal-Mart reported same-store sales and General Motors posted a quarterly loss that was narrower than expectations.
At 8:47 a.m. ET, the Dow Jones industrial average, S&P 500 and Nasdaq-100 futures were higher.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins in New York.
U.S. stocks surged Wednesday after early reports of the government’s so-called stress tests suggested that the major banks are better capitalized than some had thought.
Geithner further reassured investors when he said in a TV interview Wednesday night that none of the 19 banks that were tested are at risk of insolvency.
David Jones, chief market strategist at IG Markets in London, said that «reassuring noises» from Geithner about the financial health of the banks helped to fuel investor sentiment. Read the rest of this entry »
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