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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 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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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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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 15th, 2013
Dow Futures – U.S. stocks declined, indicating the benchmark Standard & Poor’s 500 Index will fall for a second day, after China’s economy grew at a slower pace than economists forecasts.
The S&P 500 dropped 0.5 percent to 1,580.41 at 9:31 a.m. in New York. The gauge slipped 0.3 percent on April 12 from an all- time high, trimming its biggest weekly advance since January.
“The international situation continues to concern people, both in regard to Europe and China,” John Carey, a fund manager at Boston-based Pioneer Investment Management Inc., said by telephone. His firm oversees about $208 billion. “People are watching for some signs of improvement in both areas. Otherwise, we’re just in the early stages of earnings season, so people will have one eye on what’s going on outside the U.S. and another maybe closer eye on what’s happening with regard to earnings.”
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April 5th, 2013
Dow Jones Futures – U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will extend its biggest weekly drop this year, after data showed the nation added less than half the number of jobs that economists forecast in March.
Bank of America Corp. and Citigroup Inc. fell more than 1.8 percent as financial shares slumped. Caterpillar Inc., General Electric Co. and Exxon Mobil Corp. slid at least 1.1 percent to pace decline among the largest companies. F5 Networks Inc. (FFIV) tumbled 17 percent after lowering its revenue forecast. Cisco Systems Inc. and Juniper Networks Inc., the makers of communications equipment, lost more than 3.8 percent.
S&P 500 (SPX) futures expiring in June retreated 1.2 percent to 1,535.8 at 8:50 a.m. in New York. The equity benchmark gained 0.4 percent yesterday, trimming its weekly decline to 0.6 percent, as Japan’s central bank increased its stimulus program. Contracts on the Dow Jones Industrial Average fell 145 points, or 1 percent, to 14,386 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 28th, 2013
Dow Jones Futures – U.S. stocks were little changed, after the Standard & Poor’s 500 Index rose within a point of its record, as reports showed an increase in jobless claims and economic growth that slowed less than previously estimated.
Deckers Outdoor Corp. rallied 5.2 percent after Jefferies Group Inc. raised its price target. BlackBerry (BBRY) climbed 2.6 percent after reporting fourth-quarter results. Red Hat Inc. tumbled 1.4 percent as sales missed estimates. PVH Corp. (PVH) retreated 3.6 percent after the apparel company forecast earnings will trail current analyst estimates.
The S&P 500 (SPX) rose less than 0.1 percent to 1,563.26 at 9:59 a.m. in New York. The Dow Jones Industrial Average added 20.04 points, or 0.1 percent, to 14,546.20. Trading among S&P 500 shares was 27 percent below the 30-day average at this time of day.
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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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