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Dow Jones Futures – U.S. stocks fell after the Standard & Poor’s 500 Index moved within two points of its record high yesterday and as an index of consumer confidence unexpectedly fell in March.
JPMorgan Chase & Co. (JPM) slid 1.8 percent while Goldman Sachs Group Inc. (GS) erased losses after being asked to submit new capital plans to regulators in the wake of stress tests. Bank of America Corp. (BAC) gained 3.4 percent after it won federal approval for a share buyback. Morgan Stanley added 2.6 percent after it got permission to buy the remaining stake in its wealth-management venture.
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Dow Jones Futures – U.S. stock futures rose, after the largest year-end rally for the Standard & Poor’s 500 Index since 1974, as lawmakers passed a bill averting spending cuts and tax increases threatening a recovery in the world’s biggest economy.
Apple Inc. (AAPL) and Facebook Inc. (FB) jumped more than 2.7 percent to lead gains among the largest companies. Bank of America Corp. and Citigroup Inc. surged at least 2.9 percent as banks rallied. United States Steel Corp. climbed 3.9 percent after the shares were upgraded at Credit Suisse Group AG. Zipcar Inc. soared 48 percent after Avis Budget Group Inc. agreed to buy the company.
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Dow Jones Futures – U.S. stocks advanced, sending the Standard & Poor’s 500 Index toward its biggest two-day gain in a month, as industrial production rose more than forecast and corporate earnings topped estimates.
Johnson & Johnson rallied 1.1 percent after raising its 2012 profit forecast. Citigroup Inc. added 1 percent after Chief Executive Officer Vikram Pandit stepped down. Fossil Inc. jumped the most in the S&P 500, gaining 7.8 percent after Citigroup recommended investors buy the shares.
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Dow Jones Futures – U.S. stocks were little changed, following three straight days of losses for the Standard & Poor’s 500 Index, as investors weighed earnings reports amid concern about global economic growth.
The S&P 500 (SPX) slipped less than 0.1 percent to 1,440.96 as of 9:31 a.m. in New York. The benchmark gauge fell 1 percent yesterday, extending its three-day decline to 1.4 percent.
“The fear is that this is going to be a really bad earnings season,” Hank Smith, chief investment officer at Haverford Trust Co. in Radnor, Pennsylvania, said in a telephone interview. His firm oversees $6.5 billion in assets. “If S&P 500 earnings come in better than expectations, the markets are going to view that positively. We’re off to a good start but we’ve got a long way to go.”
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August 7th, 2012
Dow Jones Futures – U.S. stock futures advanced, indicating the Standard & Poor’s 500 Index will rally for a third day, amid better-than-estimated corporate earnings and speculation global central banks will act to boost growth.
CVS Caremark Corp. (CVS), the largest provider of prescription drugs in the U.S., climbed 2.7 percent as profit beat analysts’ projections. Chesapeake (CHK) Energy Corp., the second-largest U.S. natural-gas producer, increased 5.3 percent after reporting the highest quarterly profit in the company’s history. Sirius (SIRI) XM Radio Inc., the largest U.S. satellite-radio company, gained 2.3 percent after boosting its annual profit forecast.
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S&P 500 Futures – U.S. stocks rose, snapping a four- day drop in the Standard & Poor’s 500 Index, as European Central Bank President Mario Draghi pledged to defend the euro.
3M Co. (V), the maker of Post-It Notes, and Visa Inc., the world’s largest payments network, added at least 2 percent on better-than-estimated earnings. PulteGroup Inc. (PHM), the largest U.S. homebuilder by revenue, surged 17 percent amid a jump in orders. Sprint Nextel Corp. (S) and MetroPCS Communications Inc. soared at least 19 percent after their results. Facebook Inc. (FB) slumped 6.6 percent ahead of its quarterly numbers.
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