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

Brent inches up above $50 ahead of U.S. oil stocks dataBrent inches up above $50 ahead of U.S. oil stocks data
SINGAPORE (Reuters) - Benchmark Brent crude oil prices inched up just above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to...
Italy's Renzi says severe fiscal austerity could harm euro zone: NikkeiItaly's Renzi says severe fiscal austerity could harm euro zone: Nikkei
TOKYO (Reuters) - Italian Prime Minister Matteo Renzi said too much focus on fiscal austerity could damage the euro zone`s economy and balanced measures are needed, the Nikkei business daily reported ...
China July services activity quickens to 11-month high - surveyChina July services activity quickens to 11-month high - survey
BEIJING (Reuters) - Activity in China`s services sector expanded at its fastest pace in 11 months in July, thanks to stronger new business, a private survey showed on Wednesday, a welcome development ...
China's July services activity quickens to 11-month high: surveyChina's July services activity quickens to 11-month high: survey
BEIJING (Reuters) - Activity in China`s services sector expanded to its fastest pace in 11 months in July, a private survey showed on Wednesday, offseting some downward pressure on the world`s second ...
Japan July PMI survey shows services expand, but at slower pace Japan July PMI survey shows services expand, but at slower pace
TOKYO (Reuters) - Japanese services sector activity expanded in July at a slightly slower pace than the previous month, a survey showed on Wednesday, suggesting only a moderate rebound in the economy ...

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.