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Dow Jones futures rise
May 22nd, 2013
Dow Jones Futures – U.S. stock futures rose, after equity benchmarks climbed to record highs yesterday, as investors awaited Federal Reserve Chairman Ben S. Bernanke’s testimony on the economy and the central bank’s asset purchases.
Saks Inc. soared 17 percent after people with knowledge of the matter said the retailer has hired Goldman Sachs Group Inc. to explore options including a sale. Target Corp. lost 2.1 percent after profit fell 29 percent as higher taxes and cooler temperatures hampered sales. Lowe’s Cos., the second-largest U.S. home-improvement retailer, slipped 2.6 percent after reporting earnings that trailed analysts’ estimates.
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Dow Jones Futures Fall
May 1st, 2013
Dow Jones Futures – U.S. stocks fell, dragging the Standard & Poor’s 500 Index from a record high, on slower growth in payrolls and manufacturing as investors awaited a policy statement from the Federal Reserve.
Commodity companies dropped the most among 10 S&P 500 industries, sinking at least 0.8 percent. Alcoa Inc. slipped 2 percent after saying it may curtail global smelting capacity. Merck & Co. dropped 2.1 percent after cutting its full-year forecast. Genworth Financial Inc. (GNW) added 5.3 percent after earnings more than doubled as results improved at the unit that backs home loans.
The S&P 500 (SPX) fell 0.4 percent to 1,591.62 at 11:21 a.m. in New York. The Dow Jones Industrial Average slipped 54.17 points, or 0.4 percent, to 14,785.63. Trading in S&P 500 stocks was 4.1 percent above the 30-day average at this time of day.
“People are just waiting to see what the Fed is going to do with the bond buying program,” Frank Ingarra, head trader at Greenwich, Connecticut-based NorthCoast Asset Management LLC, said in a telephone interview. His firm oversees $1.5 billion. “Are they going to reduce it or not? That’s what people are skittish about.”
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Dow Jones futures little changed
April 24th, 2013
Dow Jones Futures – U.S. stock futures were little changed, after the Standard & Poor’s 500 Index gained for a third day, as durable goods orders fell and investors watched earnings at companies from Procter & Gamble Co. to Apple Inc.
Ford Motor Co. and Boeing Co. advanced after reporting first-quarter earnings that topped estimates. Apple Inc. dropped 2.8 percent after reporting its first profit decline in a decade. P&G fell 3.3 percent after its full-year earnings forecast missed analyst projections.
Futures on the Standard & Poor’s 500 Index expiring in June fell 0.1 percent to 1,572.70 at 8:36 a.m. in New York. The S&P 500 rose for a third day yesterday, after a false report of explosions at the White House had briefly erased gains. Contracts on the Dow Jones Industrial Average added 8 points, or 0.1 percent, to 14,652 today.
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April 2nd, 2013
Dow Jones Futures – U.S. stocks advanced, as the Standard & Poor’s 500 Index rebounded from yesterday’s decline, before a report that may show factory orders increased and as Cyprus sought easier bailout terms.
The S&P 500 rose 0.3 percent to 1,566.98 at 9:31 a.m. in New York.
“We’re very confident about the U.S. economy,” said Pierre Mouton, who helps oversee $6 billion as a portfolio manager at Notz, Stucki & Cie. in Geneva. “The U.S. market has performed better than the European one, but for good reason. The market isn’t expensive when you consider the growth.”
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March 20th, 2013
Dow Jones Futures – U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will snap a three-day decline, as euro-area leaders weighed options for Cyprus and investors awaited the Federal Reserve’s monetary policy decision.
Adobe Systems Inc. climbed 6 percent in pre-market New York trading as the software maker reported sales and profit that exceeded analysts’ estimates. Cintas Corp. declined 1.9 percent after cutting the upper end of its earnings forecast.
S&P 500 futures expiring in June added 0.3 percent to 1,547.5 at 9:55 a.m. in London. The benchmark index has surged 129 percent from a 12-year low in 2009 as companies reported better-than-estimated earnings and the Fed embarked on three rounds of bond purchases to stimulate the economy. Dow futures rose 38 points, or 0.3 percent, to 14,426 today.
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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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August 14th, 2012
Dow Jones Futures – Regulations put in place to protect investors after $862 billion of market value was briefly erased on May 6, 2010, were the same rules that almost ruined Knight Capital Group Inc. (KCG) this month.
Knight, whose market-making unit executes 10 percent of U.S. equity volume, lost $440 million on Aug. 1 and its stock has plunged 73 percent after a computer malfunction bombarded the market with errant orders that exchanges declined to cancel. A decade ago, the firm suffered almost no consequences in a similar breakdown when officials agreed to void trades after Knight unintentionally sold 1 million of its own shares.
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June 20th, 2012
Dow Jones Futures – U.S. stock futures rose, following a four-day rally in the Standard & Poor’s 500 Index, as Greece worked toward a new government and investors awaited a Federal Reserve announcement on whether it will boost the economy.
Best Buy Co. (BBY) and Applied Materials (AMAT) Inc. added at least 2.3 percent to pace gains in the biggest companies. Adobe (ADBE) Systems Inc., the largest maker of graphic-design software, slid 6 percent after forecasting sales and profit that trailed some estimates. Procter & Gamble Co. (PG) fell 1.7 percent as the consumer-goods company cut its earnings projections.
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June 14th, 2012
Dow Jones Futures – U.S. stocks rose as reports on inflation and jobless claims bolstered speculation the Federal Reserve will act to spur growth and investors awaited an election in Greece this weekend.
Home Depot Inc. (HD) and Intel Corp. (INTC) added more than 1.1 percent to pace advances among the biggest companies. Kroger Co. (KR), the largest U.S. grocery-store chain, climbed 3.4 percent after boosting its profit forecast and announcing a $1 billion share buyback. US Airways Group Inc. (LCC) jumped 4.2 percent after saying it expects “very strong” second-quarter and full-year results.
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May 23rd, 2012
Dow Jones Futures – U.S. stocks fell, sending the Dow Jones Industrial Average toward the lowest level on a closing basis since December, amid concern Greece may leave the euro and as Dell Inc. (DELL) tumbled on a disappointing revenue forecast.
Citigroup Inc. and Bank of America Corp. retreated at least 1.5 percent, following losses in a measure of European banks. Dell slumped 16 percent, the most on a closing basis since 2000, as the personal computer maker also reported profit that missed estimates. Facebook Inc. (FB) the social networking site that raised $16 billion in an initial public offering last week rallied 4.3 percent after plunging 19 percent over the previous two days.
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