Symbol Lookup
Register | Login

Pre Market | Dow Jones | Gold | Newsletters | Learn

Futures Down as Investors Wait for Results from Banking Giants

Wednesday, January 16, 2013 8:45 AM
U.S. stock futures inched lower on Wednesday taking a cue from global equities, as market sentiment remained nervy ahead of the quarterly results announcements from banking giants, Goldman Sachs Group Inc. (NYSE: GS) and JP Morgan Chase & Co. (NYSE: JPM) and hosts of key U.S. economic indicators. At last check, futures of Dow Jones Industrial Average Index fell 0.27%; those on NASDAQ 100 slipped 0.06% while futures on S&P 500 Index inched down 0.12%. Ahead of the bell ring, Goldman Sachs, JP Morgan Chase and Bank of New York Mellon Corporation (NYSE: BK) are scheduled to report fiscal fourth-quarter earnings. After the closing bell, e-commerce company, eBay Inc. (NASDAQ: EBAY) is expected to report quarterly results. On U.S. economic data front, Labor Department’s Consumer-price-Index for December is due at 8:30 a.m. EST. National Association of Home Builders' market sentiment index for January is slated to be released at 10 a.m. EST.  The Index is expected to rise to 48 in January, up from 47 in December, which will the highest level since April 2006. The Fed is schedule to release its data on industrial production and capacity utilization at 9:15 a.m. EST and later at 2:00 p.m. EST, the Fed will also release its January’s Beige Book -- a comprehensive, region by region assessment of the economy. Shares of social networking giant, Facebook Inc. (NASDAQ: FB) will be under spotlight. The Company unveiled new search tool called as ‘Graph Search’. The new tool will allow users- to find a date, find common fans, friends or friends who ‘liked’ any specific restaurant, jobs, dentists, etc. In nut shell, the new search toll could spell some trouble for rival Google Inc. (NASDAQ: GOOG) and elbow out Yelp Inc. (NYSE: YELP) and LinkedIn Corp. (NYSE: LNKD). All leading benchmark indexes in Europe were trading lower with Pan European Stoxx 600 Index losing 0.30%. Asian equities also mainly ended lower.

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

China September consumer inflation cooler than expected, producer prices fall for 43rd monthChina September consumer inflation cooler than expected, producer prices fall for 43rd month
BEIJING (Reuters) - Consumer inflation in China eased more than expected in September while producer prices fell for the 43rd straight month, adding to concerns over growing deflationary pressures in ...
Oil extends fall on renewed worries over supply surplusOil extends fall on renewed worries over supply surplus
SEOUL (Reuters) - Crude oil futures slipped on Wednesday, extending losses from the prior session when an International Energy Agency report said the market would stay oversupplied for at least anot...
Asian shares slip, taking cues from Wall StreetAsian shares slip, taking cues from Wall Street
TOKYO (Reuters) - Asian shares tottered on Wednesday, taking cues from Wall Street`s losses and pressured by a continued selloff in oil as investors awaited consumer price data from China this sessi...
Japan September wholesale prices fall 3.9 percent year-on-yearJapan September wholesale prices fall 3.9 percent year-on-year
TOKYO - Japanese wholesale prices fell 3.9 percent in the year to September, Bank of Japan data showed on Wednesday. The fall in the corporate goods price index (CGPI), which measures the price co...
Commodity currencies on defensive, dollar near three-and-a-half-week lowCommodity currencies on defensive, dollar near three-and-a-half-week low
TOKYO (Reuters) - Commodity currencies were on the defensive on Wednesday, following the retreat of global equity and commodity prices on Tuesday from early October`s sharp rally when disappointing ...

Loading Headlines...

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.

Learn the Stock Market

Sharper your stock trading skills with our stock market education section.