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 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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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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August 1st, 2012

Dow Jones Futures – U.S. stocks declined, reversing earlier gains, as the Federal Reserve’s pledge to provide additional support for the economy disappointed investors anticipating a more definitive sign of further monetary easing.

Knight Capital Corp. (KCG), one of the largest market makers of U.S. stocks, plunged 33 percent as it experienced technology issues with trading. MasterCard Inc. (MA), the second-biggest payments network, slumped 2.2 percent as sales missed analysts’ estimates. Comcast Corp. (CMCSA), the largest U.S. cable company, and Allstate Corp. (ALL), the biggest publicly traded U.S. home and auto insurer, rose at least 3 percent as earnings topped projections.

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