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

Sterling jumps as first result goes against Scottish independenceSterling jumps as first result goes against Scottish independence
SYDNEY (Reuters) - Sterling pushed sharply higher in Asian trade on Friday as the first result reported in the Scottish independence vote went to the unionist camp. The result in the small borough o...
Japan government cuts economic view, warns of stalling consumptionJapan government cuts economic view, warns of stalling consumption
TOKYO (Reuters) - Japan`s government cut its overall economic assessment for the first time in five months as private consumption is struggling to recover from the slump caused by April`s sales tax hi...
Sterling advances as Scotland poll shows support for UnionSterling advances as Scotland poll shows support for Union
TOKYO (Reuters) - Sterling rose to a two-week high against the U.S. dollar and two-year peak against the euro on Friday, taking comfort from a poll showing support for Scotland to remain in the Unit...
ECB's Coeure and Germany's Asmussen call for German tax cutsECB's Coeure and Germany's Asmussen call for German tax cuts
FRANKFURT (Reuters) - A top European Central Bank policymaker and a senior German government official have made a joint call for Germany to promote investment and cut taxes on workers` pay to support ...
Three quarters of Japanese firms prefer a stronger yen: Reuters pollThree quarters of Japanese firms prefer a stronger yen: Reuters poll
TOKYO (Reuters) - The yen`s rapid descent to six-year lows against the dollar is starting to push beyond comfort zones for three quarters of Japanese firms, a Reuters poll showed, highlighting the p...

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.