- Pre-Market Indications

Wednesday, March 12, 2008

U.S. stock futures point to pause after Fed rally - MarketWatch

U.S. stock futures point to pause after Fed rally - MarketWatch

The dollar dropped against rivals - particularly the euro after unexpectedly strong euro-zone figures - and yields on 10-year Treasury bonds edged lower to 3.59%.
Oil futures fell 11 cents to $108.63 a barrel. Gold futures eased $1.20 to $974.80 an ounce.
Of companies in the spotlight, Take Two Interactive (TTWO:
the target of a hostile bid from Electronic Arts (ERTS:may gain after the video game publisher lifted its earnings outlook due to orders for its latest "Grand Theft Auto" game and reported a smaller-than-forecast loss.
Industrial giant Caterpillar (CAT: reiterated its earnings outlook for the year.
Wyeth (WYE: and Progenics Pharmaceuticals (PGNX:
PGNX said a Phase 3 clinical trial of intravenous methylnaltrexone didn't meet its endpoint of reducing recovery time from colectomy surgical procedures, and didn't meet secondary measures of surgical recovery. Wyeth separately said more clinical data is needed to support European approval of a hot-flash drug.

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