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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Futures Point to a Mixed Start

Thursday, January 31, 2013 8:31 AM
U.S. stock futures traded mixed on Thursday, taking cue from European equities that turned lower after a surprisingly weak  U.S. GDP data released yesterday unnerved the market sentiment, bringing a halt in equities markets rally. At last check, futures on Dow Jones Industrial Average Index tacked higher 0.04%; those on Nasdaq 100 fell 0.36% while futures on S&P 500 Index inched down 0.15%. On U.S. economic data front, the Labor Department will release its weekly initial jobless claims at 8:30 a.m. EST. According to economists, first time jobless claims are to rise to a seasonally adjusted 355,000, up from 330,000 in the preceding week. Later at 8:30 a.m. EST, a data on consumer spending and personal income for December will be released followed by Chicago’s purchasing managers index (PMI) on manufacturing activities, at 9:45 a.m. EST. Economist are expecting some improvement in the index but still below 50. A reading below 50 signifies economic contraction. Avalanche of earnings reports are expected on Thursday with some of the prominent companies include: Colgate Palmolive Company (NYSE: CL), Dow Chemical Company (NYSE: DOW), MasterCard Inc. (NYSE: MA) and Time Warner Cable Inc. (NYSE: TWC). Shares of social networking giant, Facebook Inc. (NASDAQ: FB) slumped nearly 5.50% in premarket trading on Thursday. The Company following the closing bell on Wednesday reported better than expected fiscal fourth-quarter results and strong revenue growth from mobile ads but the pace of revenue growth, and growth in daily average users’ base disappointed investors. Shares of chip maker, Qualcomm Inc. (NASDAQ: QCOM) rallied 6% in premarket trading as company’s quarterly results and cautious but optimistic outlook pointed out that demand from chips used in smartphones was rising at a brisk pace. Elsewhere in Europe, all leading benchmark indexes were trading in red territory with Pan European Stoxx 600 down 0.55%, FTSE 100 falling 0.56% while DAX losing 0.53%. In Asia equities ended mixed with Japan’s Nikkei Index gaining 0.22% while Hong Kong’s Hang Seng falling 0.39% on Thursday.
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

Cerberus leads U.S. investors gobbling up Europe's bank loansCerberus leads U.S. investors gobbling up Europe's bank loans
LONDON (Reuters) - Cerberus, the private equity firm named after the mythical three-headed dog guarding the gates of Hades, is leading a charge by U.S. investors who are snapping up European loans a...
S&P cuts Brazil's outlook to negative from stableS&P cuts Brazil's outlook to negative from stable
(Reuters) - Standard & Poor`s cut its ratings outlook on Brazil to `negative` from `stable`, saying the country is still facing political and economic challenges despite a significant policy corre...
Analysts Like Yelp's Treasure Trove, Even If It May Never Be Bought OutAnalysts Like Yelp's Treasure Trove, Even If It May Never Be Bought Out
Shares of Yelp Inc (NYSE: YELP ) fell 2.4 percent on Monday trading, ahead of the announcement of the company’s second-quarter financial results, scheduled for after the market closes on Tuesday. ...
Brazil investment grade rating is at risk, S&P warns Brazil investment grade rating is at risk, S&P warns
SAO PAULO (Reuters) - Standard & Poor`s on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further sty...
Deutsche Boerse CEO says currently has no plans to sell ISEDeutsche Boerse CEO says currently has no plans to sell ISE
FRANKFURT (Reuters) - Deutsche Boerse <DB1Gn.DE> currently has no plans to sell its U.S. derivatives exchange ISE, Chief Executive Carsten Kengeter said in an analyst call on second-quarter earn...

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.