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s&p 500 futures advance
May 17th, 2013
S&P 500 Futures – U.S. stocks advanced, putting the Standard & Poor’s 500 Index on track for its fourth straight week of gains, as gauges for leading indicators and consumer sentiment advanced more than estimated.
Northrop Grumman Corp. climbed 3.8 percent after increasing its share-buyback program by $4 billion. Boeing Co. and JPMorgan Chase & Co. added added more than 2 percent to pace gains in the Dow Jones Industrial Average. (INDU) J.C. Penney Co. slid 3.7 percent after its first-quarter loss widened.
The S&P 500 (SPX) rose 0.5 percent to 1,658.59. at 11:55 a.m. in New York. The equity benchmark is heading for a 1.5 percent weekly gain. The Dow advanced 61.95 points, or 0.4 percent, to 15,295.17, a fresh record. Options contracts on stocks, exchange-traded funds and indexes expire today, leading investors to adjust their holdings of some securities. Trading of S&P 500 stocks was 3.4 percent higher than the 30-day average at this time of day.
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November 6th, 2012
S&P 500 Futures – U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a second straight day, as American voters went to the polls to pick a president.
Hewlett-Packard Co. (HPQ) and United Technologies Corp. (UTX) added at least 2.6 percent to pace gains among the biggest companies. Computer Sciences Corp., the manager of networks for NASA, surged 17 percent as a cost-cutting program helped boost its profit forecast. Express Scripts (ESRX) Holding Co., the largest U.S. pharmacy benefits manager, plunged 12 percent after saying analysts’ profit estimates for 2013 were “overly aggressive.”
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October 11th, 2012
S&P 500 Futures – U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for the first time in five days, as American jobless claims slid to a four-year low and Italy’s bond yields fell after a debt sale.
The S&P 500 added 0.6 percent to 1,440.59 at 9:31 a.m. in New York. The benchmark gauge fell to the lowest level in a month yesterday on concern that the global economy is slowing down and will hurt corporate earnings.
“Recent U.S. macroeconomic data indicate things are not worsening,” said Manish Singh, who helps manage more than $2 billion as head of investment at Crossbridge Capital in London. “It’s fair to say Europe has been driving the risk in the market for some time. With the European Central Bank’s outright monetary transactions program on standby, the chances of a sell- off is remote. The downside risk to the economy will beget more monetary easing from both the developed and emerging world.”
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September 26th, 2012
S&P 500 Futures – U.S. stocks fell for a fifth day, sending the Standard & Poor’s 500 Index to its longest retreat since July, as concern grew Europe’s debt crisis is worsening.
PulteGroup Inc. (PHM) dropped 4.7 percent, helping to give homebuilders their biggest decline since June, after new homes sales missed estimates. Energy and technology companies dropped the most among the benchmark gauge’s 10 industry groups as oil fell to a seven-week low and Jabil Circuit Inc. (JBL) tumbled 9.9 percent amid a disappointing forecast.
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September 24th, 2012
S&P 500 Futures – The Standard & Poor’s 500 Index fell a third day, its longest decline in seven weeks, as European leaders clashed on ways to stem the debt crisis and data from China and Germany signaled the slowdown is deepening.
Apple Inc. (AAPL) retreated 1.3 percent after reporting debut weekend sales for the iPhone 5 that fell short of some analysts’ projections on supply constraints. Facebook Inc. (FB), the world’s largest social-networking service, decreased 9.1 percent amid concern the company’s stock is overpriced. U.S. Steel Corp. (X), Peabody Energy (BTU) Corp. and Micron (MU) Technology Inc. declined at least 1.6 percent after analysts downgraded the shares.
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September 19th, 2012
S&P 500 Futures – U.S. stocks rose, snapping a two- day decline in the Standard & Poor’s 500 Index, as the Bank of Japan increased its asset-purchase target and sales of existing American homes rose more than forecast.
Bank of America Corp. (BAC) and Alcoa Inc. (AA) added at least 1.3 percent to pace advances in the Dow Jones Industrial Average. An S&P index of homebuilders soared 3.6 percent as PulteGroup Inc. (PHM) rallied 6.1 percent. Corning Inc. (GLW) gained 2.7 percent after Goldman Sachs Group Inc. advised investors to buy the stock. Energy shares sank the most among 10 groups in the S&P 500 as crude prices tumbled.
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September 14th, 2012
S&P 500 Futures – U.S. stocks rose, after the Standard & Poor’s 500 Index climbed to its highest level since 2007, as markets rallied around the world on the Federal Reserve’s bond-purchase program.
The S&P 500 advanced 0.3 percent to 1,463.73 at 9:31 a.m. in New York. The gauge rose yesterday for the third straight day and closed at the highest level since Dec. 31, 2007.
“It was a strong signal from the Fed and a very welcome move but we’ll have to wait and see if this is more than a one or two-day wonder for the market,” said Mike Lenhoff, chief strategist at Brewin Dolphin Securities Ltd. in London. “All of this central-bank policy removes a degree of uncertainty that has been plaguing markets.”
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September 6th, 2012
S&P 500 Futures – The Standard & Poor’s 500 Index (SPX) climbed above the highest closing level since 2008 as the European Central Bank announced specifics of its bond-buying plan and data boosted optimism in the labor market.
JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) jumped at least 3.4 percent, leading gains in the Dow Jones Industrial Average. Amazon.com Inc. (AMZN) advanced 1.1 percent after a report that the world’s largest online retailer may announce a smartphone. Walgreen Co. (WAG) tumbled 1.6 percent after reporting fiscal fourth-quarter sales that trailed analysts’ estimates.
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September 5th, 2012
S&P 500 Futures – U.S. stocks fluctuated between gains and losses as speculation that the European Central Bank will act to tame the region’s debt crisis offset a slump in FedEx (FDX) Corp. and disappointing global economic data.
FedEx, a barometer for the economy because it delivers goods from mobile phones to pharmaceuticals, slid 1.4 percent after projecting its first decline in quarterly earnings in almost three years. Facebook Inc. (FB) jumped 5 percent after Chief Executive Officer Mark Zuckerberg said he won’t start selling his holdings for at least a year.
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August 31st, 2012
The Standard & Poor’s 500 Index (SPX) rose toward its longest monthly gain since March as Federal Reserve Chairman Ben S. Bernanke said he wouldn’t rule out more steps to lower a jobless rate he described as a “grave concern.”
Intel Corp. (INTC) and Alcoa Inc. (AA) added at least 1.4 percent to pace gains among the biggest companies. Corning Inc. (GLW), the world’s largest maker of glass for flat-panel televisions, climbed 4.5 percent after Oppenheimer & Co. raised its recommendation on the shares. U.S. Airways Group Inc. jumped 4.7 percent after signing a confidentiality agreement to review the books of bankrupt takeover target American Airlines.
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