Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Futures Flat Ahead of Bank of America, Citigroup Earnings

Thursday, January 17, 2013 9:00 AM
U.S. stocks pointed toward a flat start on Thursday as Wall Street investors anxiously wait for quarterly earnings releases from banking giants , Bank of America Corp. (NYSE: BAC) and Citigroup Inc. (NYSE: C) along with series of economic data, which include weekly jobless claims and new house building. At last check, futures on Dow Jones Industrial Average Index slipped 0.04%; those on NASDAQ 100 inched up 0.09% while futures on S&P 500 Index tacked higher 0.08% After Goldman Sachs Group Inc. (NYSE: GS) and JP Morgan Chase & Co. (NYSE: JPM) reported solid growth in fiscal fourth-quarter profits and revenue, entire spotlight on Thursday will shift to quarterly results of Bank of America Blackrock Inc. (NYSE: BLK), American Express (NYSE: AXP) and Citigroup. Dow component, Intel Corp. (NASDAQ: INTC) is scheduled to report quarterly results following the closing bell ring. Shares of Boeing Co. (NYSE: BA) will be under pressure. Shares slumped in premarket trading as global regulators grounded Boeing 787 Dreamliners for safety check (batteries) following strings of incidents. United Health (NYSE: UNH) on Thursday reported fourth-quarter earnings that barely beat forecasts and maintained its guidance for earnings and revenue growth in 2013. The group reported EPS of $1.20 in the fourth quarter on revenue of $28.8 billion. Wall Street had forecasted EPS of $1.19 on revenue of $28.24 billion. On U.S. economic data front, Labor Department’s weekly jobless claims data is scheduled to be released at 8:30 a.m. EST. Economists polled by Reuters are expecting initial claims dropping to 365,000 for the week ended Jan.12 down from 371,000 in the previous week. Also at the same time, the Commerce Department will release its report on new house building. In Asia, equities ended flat or lower on Thursday with Nikkei ending up 0.09%, Hong Kong’s Hang Seng down 0.07% and Shanghai Composite plunging 1.06%. Elsewhere in Europe, equities were mainly trading in red territory with Pan European Stoxx 600 almost flat, FTSE 100 down 0.07% and DAX falling 0.27%.
PRINT

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

A Greek challenge for 'Mr Europe' JunckerA Greek challenge for 'Mr Europe' Juncker
BRUSSELS (Reuters) - It`s sultry early July and an emotional Jean-Claude Juncker is on the stump, calling for a `Yes` vote in a referendum on which he says hangs the future of Europe - and his own c...
China brokerages pledge to buy at least $19.3 billion in shares to stabilise marketChina brokerages pledge to buy at least $19.3 billion in shares to stabilise market
BEIJING (Reuters) - China`s top 21 securities brokerages said on Saturday that they would collectively invest at least 120 billion yuan ($19.3 billion or 12.39 billion pounds) to help stabilise the co...
China brokerages pledge to buy $19.3 billion in shares to steady plunging marketChina brokerages pledge to buy $19.3 billion in shares to steady plunging market
BEIJING (Reuters) - China`s top securities brokerages said on Saturday that they would collectively buy at least 120 billion yuan ($19.3 billion of shares in a bid to stabilize the country`s stock...
Credit Suisse CEO vows action for 'impatient' investors - NZZCredit Suisse CEO vows action for 'impatient' investors - NZZ
(Reuters) - New Credit Suisse AG <CSGN.VX> Chief Executive Tidjane Thiam has told a Swiss newspaper he wants quick action to implement results of strategic review he is conducting at the Swiss b...
New Credit Suisse CEO promises 'ruthlessly selective' review - FTNew Credit Suisse CEO promises 'ruthlessly selective' review - FT
(Reuters) - Newly appointed Credit Suisse AG <CSGN.VX> Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank`s busin...

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.