Dow Jones Futures

Dow Jones Hits Record

May 15th, 2013

Dow Jones Futures – U.S. stocks rose, pushing benchmark indexes to fresh records, as data showing weakness in manufacturing fueled bets the Federal Reserve will be in no hurry to scale back stimulus.

The Standard & Poor’s 500 Index (SPX) rose 0.5 percent to 1,658.70 at 4 p.m. in New York. The benchmark equity gauge has set a record in nine of the past 10 sessions. The Dow Jones Industrial Average (INDU) added 59.36 points, or 0.4 percent, to a record 15,274.61 today.

“The global economic outlook gives some support to the idea that more easing is on its way, especially with soft inflation,” Oliver Pursche, co-manager of the GMG Defensive Beta Fund and president of Suffern, New York-based Gary Goldberg Financial Services, said via phone. The firm manages about $650 million. “It would be surprising if there was a meaningful and prolonged pullback at this point.”

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Mini Dow Jones Futures News

Dow Jones Futures Drop

April 17th, 2013

Dow Jones Futures – U.S. stock futures fell, signaling the Standard & Poor’s 500 Index will retreat after yesterday’s rally, amid disappointing results from companies from Bank of America Corp. to Yahoo! Inc.

Bank of America lost 2.9 percent after profit missed analysts’ projections. Yahoo dropped 2.1 percent as the biggest U.S. Web portal’s sales forecast disappointed investors. Textron Inc. slumped 11 percent after lowering its forecast for business-jet sales. Caterpillar Inc. slid 1.2 percent after Macquarie Group Ltd. cut its rating on the shares to neutral.

S&P 500 (SPX) futures expiring in June declined 0.7 percent to 1,558 at 8:39 a.m in New York. The benchmark gauge surged 1.4 percent yesterday, the most in three months, as housing starts increased. Contracts on the Dow Jones Industrial Average slid 80 points, or 0.5 percent, to 14,605 today.

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April 11th, 2013

Dow Jones Futures – U.S. stocks rose, after the Standard & Poor’s 500 Index rallied to a record yesterday, as a bigger-than-estimated drop in jobless claims and gains by retailers (S5RETL) offset a slump in technology shares.

Ross Stores Inc. and Limited Brands Inc. climbed at least 4.7 percent amid better-than-forecast March sales. Technology shares slumped after personal-computer shipments in the first quarter plunged the most since at least 1994 and Goldman Sachs Group Inc. downgraded Microsoft Corp. (MSFT) shares. Microsoft and Hewlett-Packard Co. lost more than 4.8 percent.

The S&P 500 increased 0.5 percent to a record 1,594.94 at 10:58 a.m. in New York. The Dow Jones Industrial Average added 61.63 points, or 0.4 percent, to 14,863.87, also a record. Trading in S&P 500 stocks was 9.1 percent above the 30-day average at this time of day.

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April 8th, 2013

Dow Jones Futures – U.S. stock-index futures advanced as investors awaited Alcoa Inc. (AA)’s financial release to mark the beginning of the latest earnings-reporting season.

BioCryst Pharmaceuticals Inc. (BCRX), the developer of anti- influenza drug Peramivir, surged 18 percent in early New York trading as China expedited the approval of the medicine. Lufkin Industries Inc., a maker of oil-well pumps, jumped 38 percent as General Electric Co. (GE) agreed to buy the company.

Futures on the Standard & Poor’s 500 Index expiring in June advanced 0.4 percent to 1,551.5 at 7:24 a.m. in New York. Contracts on the Dow Jones Industrial Average climbed 39 points, or 0.3 percent, to 14,523. The S&P 500 fell 1 percent last week, for the biggest decline so far this year, as payrolls data missed economists’ estimates.

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March 26th, 2013

Dow Jones – U.S. stocks rose, after yesterday’s decline in the Standard & Poor’s 500 Index, as data on durable goods and home prices overshadowed a report showing consumer confidence dropped more than forecast this month.

Goldman Sachs Group Inc. added 0.3 percent after agreeing to give Warren Buffett’s Berkshire Hathaway Inc. stock in exchange for warrants obtained in a 2008 investment. Peabody Energy Corp. climbed 1.3 percent after Raymond James Financial Inc. upgraded its rating on the company. Children’s Place Retail Stores Inc. dropped 2.7 percent after its full-year forecast fell short of analyst expectations.

The S&P 500 added 0.6 percent to 1,561.27 at 10:12 a.m. in New York, after the equity benchmark fell 0.3 percent yesterday. The Dow Jones Industrial Average rose 94.90 points, or 0.7 percent, to 14,542.65. Trading among S&P 500 shares was 18 percent below the 30-day average.

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December 26th, 2012

Dow Jones Futures – The deal that seems possible to fix the U.S. budget is getting smaller and smaller.

Five days before a deadline that would trigger more than $600 billion in tax increases and spending cuts that could cause a U.S. recession, Congress will return Dec. 27 amid calls for action in the Senate.

The politics of progress there are easier than in the Republican-controlled House of Representatives, which balked last week at Speaker John Boehner’s plan for tax increases on income above $1 million. Still, the House would have to sign off next. Boehner and President Barack Obama have been unable to agree on the tax-rate increase on top earners Obama wants or the cuts to entitlement programs that Boehner sought, complicating the chances of getting a package done.

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November 12th, 2012

Dow Jones Futures – U.S. stocks fell, after the Standard & Poor’s 500 Index’s biggest weekly retreat since June, as European finance ministers met to discuss Greek aid.

Apple Inc. (AAPL) slumped 1.3 percent after dropping for seven straight weeks. Facebook Inc. (FB) lost 1.1 percent on concern employees will start selling their shares when a prohibition on insider sales expires. Jefferies Group Inc. jumped 12 percent after Leucadia National Corp. (LUK) said it will buy the investment bank. Titanium Metals Corp. (TIE) surged 42 percent after Precision Castparts Corp. agreed to buy the maker of melted products.

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October 31st, 2012

Dow Jones Futures – U.S. equity markets will open today after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York Oct. 29.

The decision was announced in statements by NYSE Euronext, Nasdaq OMX Group Inc. (NDAQ) and Bats Global Markets Inc. The NYSE’s headquarters are running on backup power and will keep using it if necessary all week, Larry Leibowitz, the chief operating officer, said in a phone interview. Fixed-income trading, halted at noon Oct. 29, will also reopen, under a recommendation by the Securities Industry and Financial Markets Association. Trading was canceled for four straight days in the wake of the Sept. 11, 2001, terror attacks and the New York exchange shut for seven days in 1933 during President Franklin Delano Roosevelt’s bank holiday.

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October 26th, 2012

Dow Jones Futures – U.S. stocks declined, with the Standard & Poor’s 500 Index on pace for a weekly decline, as investors watched economic and earnings reports.

Nine out of 10 groups in the S&P 500 (SPX) fell as financial and technology shares had the biggest losses. Apple Inc. (AAPL) tumbled 2.5 percent after forecasting earnings that fell short of analysts’ predictions. Goodyear Tire & Rubber Co. (GT), the largest U.S. tiremaker, dropped 9.2 percent after reporting a profit that was below estimates. CA Inc. (CA), a maker of software for managing information technology, declined 8.9 percent after cutting its fiscal 2013 revenue forecast.

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August 30th, 2012

Dow Jones Futures – U.S. stocks retreated, trimming the third straight monthly advance for the benchmark Standard & Poor’s 500 Index, amid concern about a worsening of Europe’s debt crisis and of a further slowdown of the global economy.

Sears Holdings Corp. (SHLD) slumped 7.4 percent as the retailer was replaced in the S&P 500 by chemical maker LyondellBasell Industries NV. (LYB) Ciena Corp. (CIEN), a maker of communications-network equipment, tumbled 17 percent after reporting a wider-than- projected loss and forecasting lower revenue than analysts had estimated. Gap (GPS) Inc. rose 3.1 percent as sales beat estimates.

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