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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Futures Point to Higher Start

Wednesday, February 6, 2013 8:53 AM
U.S. stock futures edged higher on Wednesday, spurred by a strong rally in Japan’s Nikkei Index, which gained 3.77% on Wednesday over the news that Bank of Japan was likely to appoint a very dovish governor and some solid earnings from European heavy weights; however, in the U.S. investors might struggle to get direction due to a very light economic calendar. At last check, futures on Dow Jones Industrial Average Index gained 0.30%; those on NASDAQ 100 added 0.12% while futures on S&P 500 Index inched up 0.03%. On earnings front, Time Warner Inc. (NYSE: TWX) and CVC Caremark Corp. (NYSE: CVS) are scheduled to report quarterly results ahead of the bell. Shares of online social gaming provider Zynga Inc. (NASDAQ: ZNGA) will be under spotlight on Wednesday. The Company following closing bell on Tuesday, reported lower-than-expected losses while revenue also edged past Street’s forecast thanks to across-the-board cost cutting measures such as slashing workforce and shuttering of non-performing titles. Bank of America Merrill Lynch’s analyst Justin Post also unexpectedly upwardly revised his price target for Zynga shares to $3.40 from $2.70 and lifted rating to "buy" from "underperform”, citing company’s growing traction in mobile gaming. Shares of The Walt Disney Company (NYSE: DIS) gained 3.70% in pre-market trading after the company reported 5% revenue-growth, late on Tuesday. Elsewhere in Asia, mainly all leading benchmark indexes ended higher. In Europe, equities were mixed, at last check. Sentiment is likely to remain subdued ahead of the European Central Bank’s policy rate statement, scheduled to be announced on Thursday. On earnings front, U.K. financial services firm Hargreaves and steel maker Arcelormittal handed better-than-expected fiscal fourth quarter results. In some other markets, crude oil futures fell 0.77% to $95.90 a barrel while gold futures for February delivery slipped 0.07% to $1,672.30 an ounce.
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

Volkswagen seeks higher margins with China-only luxury sedan: sourcesVolkswagen seeks higher margins with China-only luxury sedan: sources
SHANGHAI (Reuters) - Volkswagen AG <VOWG_p.DE> will launch a VW-badged luxury sedan designed solely for China next year in its pursuit of higher margins, said two people with knowledge of the ...
Exclusive: Siemens near deal to buy Dresser-Rand - sourcesExclusive: Siemens near deal to buy Dresser-Rand - sources
NEW YORK/LONDON (Reuters) - The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc for all cash, people familiar with the ...
Exclusive: Siemens near deal to buy Dresser-Rand - sourcesExclusive: Siemens near deal to buy Dresser-Rand - sources
NEW YORK/LONDON (Reuters) - Industrial conglomerate Siemens AG <SIEGn.DE> is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc <DRC.N> for all cash, accor...
General Motors recalls cars over parking brake fire riskGeneral Motors recalls cars over parking brake fire risk
WASHINGTON (Reuters) - U.S. car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top U.S. auto safe...
Germany pushes Airbus for cost cuts on A400Ms: paperGermany pushes Airbus for cost cuts on A400Ms: paper
BERLIN (Reuters) - Germany`s defense ministry is demanding price cuts and longer cancellation periods on the A400M military airlifters it has ordered from Airbus, but which will be delivered later and...

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.