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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stock Futures Marginally Higher

Wednesday, January 9, 2013 8:40 AM
U.S. stock futures held modest gains on Wednesday, pointing towards a higher start as market sentiment received tremendous boost after Alcoa Inc. (NYSE: AA), regarded as an economic bellwether, reported strong jump in profits and raised its outlook for 2013. At last check, futures on Dow Jones Industrial Average Index inched up 0.08%; those on Nasdaq 100 added 0.01% Index while futures on S&P 500 Index gained 0.02% Alcoa swung into profits for the fiscal fourth quarter thanks to cost cutting measures, strong demand from aerospace and automobile industry in the U.S. and steady demand for raw aluminum. The Company now expects global demand for aluminum will grow by 7 percent versus its previous estimation of 6.5 percent. Shares were gaining 2.65 percent in premarket trading. Earnings (Non GAAP) were in line with analysts’ consensus estimate even though aluminum prices dropped 12 percent in 2012. Shares of Clearwire Corporation (NASDAQ: CLWR) were climbing 8.90 in premarket trading. The Company received an acquisition bid of $5.15 billion from Dish Network Corp (NASDAQ: DISH). No major economic data is set to release on Wednesday. On earnings front, Constellation Brands Inc. (NYSE: STZ) is scheduled to report fiscal third-quarter results while grocery chain PriceSmart Inc. (NASDAQ: PSMT) will announce fiscal first-quarter results. In Asia, markets ended mainly higher with Japan’s Nikkei edging up 0.67% while Hong Kong’s Hang Seng Index gaining 0.46%, for the day. Elsewhere in Europe, all leading benchmark indexes were trading in green territory as investors’ risk appetite was boosted after Alcoa’s results. At last check, the Pan European Stoxx 600 Index was up0.23% while FTSE 100 gained 0.38%. The European Central Bank is expected to announce its interest rate policy on Thursday. In some other markets, crude oil futures fell 0.16% to $93.0 a barrel while gold futures for February delivery inched up 0.05% to $1,663.0 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

British bank RBS to reveal funds held to settle forex probesBritish bank RBS to reveal funds held to settle forex probes
LONDON (Reuters) - Royal Bank of Scotland will announce how much it has set aside to cover potential fines for manipulating currency markets when it reports third-quarter results on Friday, several ...
JPMorgan tops pay table with $740,000 for London bankers: surveyJPMorgan tops pay table with $740,000 for London bankers: survey
LONDON (Reuters) - U.S. bank J.P. Morgan <JPM.N> pays managing directors at its investment bank in London an average of 461,000 pounds ($737,877), substantially more than pay across its rivals, ...
Alibaba plays trademark card to protect lead as China's $8 billion e-commerce spree nearsAlibaba plays trademark card to protect lead as China's $8 billion e-commerce spree nears
BEIJING (Reuters) - A trademark spat between Chinese e-commerce giant Alibaba Group Holding Ltd and rival JD.com flared into public view after JD published an Alibaba letter urging publishers to be ca...
Yellen speech does not mention monetary policy, economic outlookYellen speech does not mention monetary policy, economic outlook
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen did not comment on monetary policy or the economic outlook in remarks on Thursday prepared for a diversity conference at the central bank. Y...
U.S. jobless claims rise, but underlying labor market trends firmingU.S. jobless claims rise, but underlying labor market trends firming
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose for a second straight week last week, but remained at levels consistent with a firming labor market. I...

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.