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April 5th, 2012
Dow Jones Futures – U.S. stocks erased early losses as a drop in jobless claims to a four-year low bolstered optimism in the labor market before tomorrow’s government employment data.
Gauges of commodity producers, consumer-discretionary and financial stocks advanced, helping the Standard & Poor’s 500 Index rebound from an early 0.4 percent drop. While U.S. stock exchanges are closed tomorrow for Good Friday, index futures will trade for 45 minutes following the Labor Department’s monthly jobs report.
The S&P 500 was little changed at 1,399.3 at 10:09 a.m. in New York after slumping for a third day earlier amid renewed concern that the European debt crisis was worsening.
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March 21st, 2012
S&P 500 Futures – U.S. stocks fell, following yesterday’s drop in the Standard & Poor’s 500 Index, as sales of previously owned houses unexpectedly fell in February.
Baker Hughes Inc. (BHI) slumped 3.8 percent after saying that a shift away from gas rigs will hurt earnings. Oracle Corp. (ORCL) advanced 1.1 percent after profits beat analysts’ projections. Hartford Financial Services Group Inc. (HIG) climbed 4.3 percent on plans to wind down its individual annuities business and seek a buyer for parts of its life unit. LinkedIn Corp. (LNKD) advanced 7.9 percent as Goldman Sachs Group Inc. raised its recommendation for the professional-networking website.
The S&P 500 retreated 0.1 percent to 1,404.31 at 10:43 a.m. New York time. The Dow Jones Industrial Average declined 20.40 points, or 0.2 percent, to 13,149.79 today.
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Mar 16th, 2012
Corn futures in China, the second- biggest consumer, rose to record on speculation supply may be less than expected and that the government may continue to allow prices to rise before selling from stockpiles.
Corn futures for September-delivery on the Dalian Commodity Exchange rose as much as 1.1 percent to 2,497 yuan ($395) a metric ton, surging past previous high of 2,478 yuan on Feb 14, 2011. It trimmed gains to close at 2,487 yuan. Most-active contract has advanced 9.4 percent this year.
China’s reserves bought 1.2 million tons of domestic corn so far this year compared with 11 million tons last year, Jilin Corn Center Wholesale Market said on its website yesterday, citing Song Zhiyuan, head of procurement and sales planning division of China Grain Reserves Corp. Prices at northern ports may rise to 2,500 per ton from about 2,400 yuan, Song said. The government won’t likely sell imported corn unless prices turn volatile, Song said.
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March 15th, 2012
S&P 500 – U.S. stocks advanced, sending the Standard & Poor’s 500 Index above 1,400 for the first time in almost four years, as manufacturing in the New York region unexpectedly increased and jobless claims declined.
Financial (S5FINL) and industrial shares rose the most among 10 groups in the S&P 500 as Bank of America Corp (BAC) and General Electric Co. added at least 1.9 percent. Apple Inc. (AAPL) and International Business Machines Corp. rallied to record prices. The Dow Jones Transportation Average (TRAN), a proxy for economic growth, gained 3.4 percent as CSX Corp. (CSX) surged 7.5 percent.
The S&P 500 added 0.5 percent to 1,401.28 at 12:58 p.m. New York time, surpassing the median 2012 estimate of strategists surveyed by Bloomberg of 1,400. The Dow Jones Industrial Average advanced 39.43 points, or 0.3 percent, to 13,233.53, gaining for a seventh day, the longest winning streak in 13 months. About 3.8 billion shares changed hands on U.S. exchanges.
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