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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Futures Gain ahead of Nonfarm Payrolls Data

Friday, February 1, 2013 8:46 AM
U.S. stocks futures gained on Friday with investors keenly anticipating Labor Department’s monthly nonfarm payrolls data, scheduled to be released at 8:30 a.m. EST, on Friday. Economists’ consensus estimate is for 160,000 new job additions January. In December, nonfarm payrolls rose by 155,000. The unemployment rate is expected to remain unchanged at 7.8%. At last check, futures on Dow Jones Industrial Average Index gained 0.38%; those on NASDAQ 100 added 0.26% while futures on S&P 500 Index edged up 0.27% In some other U.S. economic news, Markit flash January  purchasing managers index (PMI) is scheduled to be released at 9 a.m. Eastern, followed by the Institute of Supply Management’s ( ISM )January factory index at 10 a.m. The University of Michigan’s final consumer sentiment reading for the month of January is slated to be released 9:55 a.m. Economists are expecting the reading rising slightly to 71.5 from a preliminary reading of 71.3. Later at 10 a.m. Eastern, a data on construction spending for December is due with  economists expecting it  to rise by 0.8%, after falling unexpectedly 0.3% in November. Two oil industry’s heavy-weights Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM) are scheduled to report quarterly earnings on Friday. Toy maker Mattel Inc. (NASDAQ: MAT) edged down in premarket trading after it reported weaker than expected fiscal fourth quarter results. Dell Inc. (NASDAQ: DELL) rallied 7% in premarket trading after sources familiar with the matter said that Dell  Inc was nearing  to sell itself to an investment consortium led by founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners. NetSuite Inc (NYSE: N) leaped nearly 7% in premarket trading after the cloud computing service provider late on Thursday reported better than expected adjusted earnings and revealed its aggressive growth strategy for fiscal 2013. In Asia, equities ended mainly higher with Nikkei edging up 0.47%. Elsewhere in Europe, equities were mainly higher with Pan European Stoxx 600 gaining 0.22%, FTSE 100 up 0.38% while DAX tacking higher 0.25%.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

Without a plan, junk status looms for Britain's Tesco: Moody'sWithout a plan, junk status looms for Britain's Tesco: Moody's
LONDON (Reuters) - Tesco <TSCO.L> could see its debt downgraded to "junk" status unless it outlines plans to cut borrowing and improve trading, rating agency Moody`s said, raising the prospect...
Exclusive: Morgan Stanley commodities staff spooked by CEO commentExclusive: Morgan Stanley commodities staff spooked by CEO comment
NEW YORK (Reuters) - During Morgan Stanley`s <MS.N> public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell: the ban...
Bank of England sets out new leverage rules for banksBank of England sets out new leverage rules for banks
LONDON (Reuters) - British lenders may have to hold more capital to guard against risks of bad loans and other losses in the latest move by the Bank of England to reduce the chances of banks needing p...
Fed's Kocherlakota defends dissent, cites drop in inflation outlookFed's Kocherlakota defends dissent, cites drop in inflation outlook
(Reuters) - The lone Federal Reserve policymaker to dissent against the U.S. central bank`s decision this week to end its bond-buying stimulus said Friday that the Fed was risking its credibility by...
Fed's Kocherlakota defends dissent, cites drop in inflation outlookFed's Kocherlakota defends dissent, cites drop in inflation outlook
(Reuters) - The lone Federal Reserve policymaker to dissent against the U.S. central bank`s decision this week to end its bond-buying stimulus said Friday that the Fed was risking its credibility by f...

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.