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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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September 25th, 2012
Dow Jones Futures – U.S. stocks fell, erasing earlier gains, as Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank’s new bond-buying program probably won’t boost growth.
Caterpillar Inc. (CAT), the world’s biggest construction and mining equipment maker, fell 2.9 percent after cutting its forecast for 2015 earnings. Carnival Corp. (CCL), the world’s largest cruise-line operator, climbed 2.4 percent after profit topped analysts’ estimates.
The Standard & Poor’s 500 Index fell 0.2 percent to 1,453.80 at 12:45 p.m. New York time. The Dow Jones Industrial Average dropped 31.43 points, or 0.2 percent, to 13,527.49 today. Trading in S&P 500 companies was almost in line with the 30-day average at this time of day.
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September 21st, 2012
Dow Jones Futures – U.S. stocks rose, erasing the week’s loss for the Standard & Poor’s 500 Index, as Apple (AAPL) Inc. started selling the iPhone 5 and a report said European officials will unveil a bailout plan for Spain.
Apple rose 0.7 percent. Halliburton Co. (HAL) added 1.1 percent as energy shares gained. Research In Motion Ltd. (RIM) fell 3.4 percent as its BlackBerry service suffered disruptions in Europe.
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September 13th, 2012
Dow Jones Futures — The stock market staged a huge rally Thursday after investors got the aggressive economic help they wanted from the Federal Reserve.
The Dow Jones industrial average spiked more than 200 points and cleared 13,500 for the first time since the beginning of the Great Recession. The average is within 625 points of its all-time high.
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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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