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

Exclusive: FBI warns healthcare sector vulnerable to cyber attacksExclusive: FBI warns healthcare sector vulnerable to cyber attacks
BOSTON (Reuters) - The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers searching for Americans` person...
Amazon's eroding tax advantage, bid to sustain growth in focus in first quarterAmazon's eroding tax advantage, bid to sustain growth in focus in first quarter
SAN FRANCISCO (Reuters) - Amazon.com Inc`s quarterly results on Thursday may heighten worries that its edge over online and even traditional brick-and-mortar rivals is narrowing as it charges sales ...
AT&T margin weakness fuels concern about U.S. cellular sectorAT&T margin weakness fuels concern about U.S. cellular sector
NEW YORK (Reuters) - Increasingly aggressive discounting is taking a toll on AT&T Inc and U.S. cellular rivals as they struggle to attract customers in a nearly saturated market. While recent ...
Telekom Austria proves slippery target for SlimTelekom Austria proves slippery target for Slim
VIENNA (Reuters) - Tycoon Carlos Slim stumbled in his bid for control of Telekom Austria <TELA.VI> on Wednesday, as a meeting designed to rubber-stamp a co-ownership deal with the Austrian gov...
IBM unveils new server model to tackle big data, analyticsIBM unveils new server model to tackle big data, analytics
NEW YORK (Reuters) - International Business Machines Corp, in its latest attempt at reviving demand for its hardware products, is launching high-end system servers that it says are 50 times faster t...

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.