Stock:
Symbol Lookup
Register | Login My Watchlist | My Account | Logout
History
to View Your Portfolio

Pre Market | Dow Jones | Gold | Newsletters | Learn


Futures Pointing Towards Flat or Lower Start

Friday, January 11, 2013 8:28 AM
U.S. stock futures inched lower on Friday, pointing towards flat or lower start as investors eagerly wait for Wells Fargo quarterly results, ahead of the morning bell. On Thursday the S&P 500 Index closed at its 5 year high. About three hours before the morning bell, futures on Dow Jones Industrial Average Index slid 0.05%; those on NASDAQ 100 fell 0.15% while futures on S&P 500 Index inched lower 0.04%. To provide much needed impetus to the Japanese economy, the newly elected Liberal Democratic Party led by Shinzo Abe, announced a biggest economic stimulating package since the financial crisis of 2008. A $117 billion, economic stimulating package is aimed at creating 600,000 jobs and pushing inflation rate above 2 percentage point. The world’s second largest economy entered recession after witnessing two straight quarters of economic contraction, due to weakness in global demand and faltering domestic consumption. Chinese economy seems to be gradually picking up the momentum. A data provided by the National Bureau of Statistics showed that consumer price index rose 2.5% in December YOY against 2% rise in November YOY. However, analysts fear that rising inflation could prompt the new elected leadership to halt its economic stimulating measures. On U.S. economic data front, the trade data for November is due at 8:30 a.m. Eastern. On earnings front Wells Fargo & Co. (NYSE: WFC) is expected to report earnings of 87 cents on revenue of $21.34 billion, according to analysts’ consensus estimate. On Thursday, following the closing bell, American Express Co. (NYSE: AXP) announced its plans to slash 5,400 jobs. Asian equities ended mixed on Friday over mixed set of news. While Japan’s Nikkei Index leaped 1.40%, Hong Kong’s Hang Seng fell 0.39% while Shanghai’s Composite Index slumped 1.78%. Elsewhere in Europe, markets were mixed with Pan European Stoxx 600 down 0.16% while FTSE 100 slipped 0.10%.  
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2016 the year you get RICH!

Latest Headlines

Ratings agency S&P sees UK staying in EU by small majorityRatings agency S&P sees UK staying in EU by small majority
LONDON (Reuters) - Ratings agency Standard & Poor`s said on Friday it expected Britons to vote to remain in the European Union by a small majority in a June 23 referendum, but that the risk of lea...
Renault board maintains CEO pay deal despite shareholder revoltRenault board maintains CEO pay deal despite shareholder revolt
PARIS (Reuters) - Renault`s board stuck by its decision to pay Carlos Ghosn 7.2 million euros ($8.2 million) for 2015 in defiance of a non-binding shareholder vote against the chief executive`s packag...
Renault board meets following vote against CEO Ghosn's payRenault board meets following vote against CEO Ghosn's pay
PARIS (Reuters) - Renault`s board began meeting on Friday to discuss its response to a non-binding shareholder vote against Chief Executive Carlos Ghosn`s 7.2 million euros ($8.23 million) compensatio...
Renault shareholders vote against CEO Ghosn's payRenault shareholders vote against CEO Ghosn's pay
PARIS (Reuters) - Renault shareholders voted on Friday against Chief Executive Carlos Ghosn`s pay package at the company`s annual general meeting in Paris. In a consultative, non-binding vote, share...
Starbucks plans 150 stores in South Africa: CEO Starbucks plans 150 stores in South Africa: CEO
JOHANNESBURG (Reuters) - U.S. coffee chain Starbucks plans to open up to 150 stores in South Africa, founder and chief executive Howard Schultz said on Friday. Starbucks, brought in under license by...

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.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Be a Better
Trader, Today
arrow
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More