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

China urban jobless rate edges down to 4.08 percent at end-MarchChina urban jobless rate edges down to 4.08 percent at end-March
BEIJING (Reuters) - China created 3.44 million new jobs in cities in the first three months of this year, bringing the urban jobless rate down slightly to 4.08 percent, the labor ministry said on Frid...
Fed, OCC differ in enforcing leveraged lending guidelinesFed, OCC differ in enforcing leveraged lending guidelines
NEW YORK (Reuters) - Some major U.S. banks are privately complaining that they are getting the short end of the regulatory stick when it comes to the profitable business of lending to heavily indebt...
New report calls U.S. a 'rising star' of global manufacturingNew report calls U.S. a 'rising star' of global manufacturing
(Reuters) - Call it the comeback kid. A new ranking of the competitiveness of the world`s top 25 exporting countries says the United States is once again a "rising star" of global manufacturing th...
Search for missing Malaysian jet may take years: U.S. officialSearch for missing Malaysian jet may take years: U.S. official
SYDNEY (Reuters) - The search for missing Malaysia Airlines Flight MH370 is likely to drag on for years, a senior U.S. defense official told Reuters on Friday, as an underwater search for any trace ...
Michael Dell to sell gardening firm ValleyCrest to KKR unit: FTMichael Dell to sell gardening firm ValleyCrest to KKR unit: FT
(Reuters) - Dell Inc Chief Executive Michael Dell is likely to sell his corporate gardening company ValleyCrest to KKR & Co LP`s <KKR.N> Brickman unit, the Financial Times reported. Valley...

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.