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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Futures Mixed

Wednesday, January 23, 2013 8:40 AM
U.S. stock futures traded mixed on Wednesday  pointing towards a cautious start as recent bullish run in the S&P 500 Index in the backdrop of better than expected results from most companies so far, is raising fears of some market correction while quarterly results from tech giant Apple Inc. (NASDAQ: AAPL) will also keep investors edgy. At last check, futures on Dow Jones Industrial Average Index were almost flat; those on NASDAQ 100 gained 0.13% while futures on S&P 500 Index slipped 0.11%. In last 14 sessions, the Relative Strength Index of S&P 500 Index has remained over the reading of 70, signifying that equities are lying in ‘overbought’ territory, a data provided by Thomson Reuters showed. No Major economic data is expected on Wednesday. Elsewhere in Europe, mostly all leading benchmark indexes traded in red territory after Siemens, regarded as industrial bellwether, reported a drop in quarterly profit, citing delay in high-speed train project. At last check, the Pan European Stoxx 600 Index was inching lower 0.10%, while FTSE 100 was up 0.07%. On earnings front, McDonald’s Corp. (NYSE: MCD) and United Technologies Corp. (NYSE: UTX) are scheduled to report quarterly results ahead of the morning bell while Apple will announce its fourth quarter results after the closing bell. Stocks that are likely to remain under spotlight on Wednesday include: International Business Machines Corp. (NYSE: IBM), Google Inc. (NASDAQ: GOOG), and Advanced Micro Devices Inc. (NYSE: AMD). Google’s fiscal fourth-quarter revenue from ‘core’ internet business edged past street’s estimate while the pace of ad-rates decline also slowed down to 6% in the fourth quarter from 15% in the preceding quarter. IBM reported better than expected fiscal fourth-quarter revenue and earnings. AMD posted lower than expected losses for fiscal fourth quarter; nevertheless, the company gave a very lackluster outlook on revenue for the first quarter of 2013. Revenue is expected to decline 9% in quarter ending March 2013 from the quarter ended December due to stagnating PC industry, the Company said.  
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

7 Things You Should Know From Amazon's Earnings7 Things You Should Know From Amazon's Earnings
Amazon.com, Inc. (NADAQ:AMZN) delivered an amazing Q1 , posting its highest profit ever. Amazon’s presence in cloud computing with its Amazon Web Services has become a key the focus of the future tr...
Germany's Schaeuble in favor of lower income tax: newspaperGermany's Schaeuble in favor of lower income tax: newspaper
BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble is in favor of lowering income tax for workers and raising a relatively modest tax on investment income after next year`s federal election...
Buffett defends Berkshire's Coke stake, warns on BNSFBuffett defends Berkshire's Coke stake, warns on BNSF
OMAHA, Neb. (Reuters) - Warren Buffett on Saturday defended several of Berkshire Hathaway Inc`s larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking to tens of thous...
Berkshire preliminary first-quarter operating profit fallsBerkshire preliminary first-quarter operating profit falls
OMAHA, Neb. (Reuters) - Warren Buffett on Saturday said preliminary first-quarter profit at his Berkshire Hathaway Inc fell about 12 percent, hurt by weaker performance in its railroad and insurance o...
German finance minister criticises Volkswagen management over bonuses - paperGerman finance minister criticises Volkswagen management over bonuses - paper
FRANKFURT (Reuters) - Germany`s finance minister Wolfgang Schaeuble has criticised the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the...

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