MarketWatch.com - Pre-Market Indications

Friday, September 24, 2010

Indications: U.S. stock futures rise after durable-goods data

Stock Assault 2.0 - Artificial Intelligence Stock Market Software Alert Email Print

By Polya Lesova and Kate Gibson, MarketWatch

NEW YORK (MarketWatch) â€" U.S. stock futures pointed to strong opening gains on Friday after the government reported that orders for U.S.-made durable goods fell less than expected in August.

TODAY'S TOP MARKET STORIES

S&P 500 (1 YEAR)

• Market Snapshot: U.S. stocks in focus • Today's biggest advancing, declining stocks • Sign up for free, breaking-news email alerts

Earnings Watch | Earnings, updates, warnings

THE MARKET BY SECTOR | Industries • Tech Stocks | Energy Stocks | Retail Stocks • Financials | Airline Stocks | Pharma and Biotech

EXPANDED MARKETS NEWS • Bonds | Oil news | Gold news • Currencies | Market Data | Economic Calendar • See all the latest markets video

/conga/story/misc/markets.html 84614

“The better-than-expected data is great to see and hopefully an extension of businesses using healthier balance sheets to invest,” said Peter Boockvar, equity strategist at Miller Tabak & Co.

Futures on the Dow Jones Industrial Average /quotes/comstock/19*!dy10z (DJZ10 10,605, -69.00, -0.65%)  gained 107 points to 10,713.00 and S&P 500 futures /quotes/comstock/21m!f1:sp\z10 (SPZ10 1,133, +12.70, +1.13%)  added 12.4 points to 1,132.8.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\z10 (NDZ10 2,006, +24.50, +1.24%)  rose 23.75 points to 2,005.25.

The blue-chip Dow index /quotes/comstock/10w!i:dji/delayed (DJIA 10,662, -76.89, -0.72%)  dropped 0.7% on Thursday, but it still remains up 6.5% so far this month.

August new-home sales are still to come at 10 a.m. Eastern.

Investors are also awaiting speeches from Federal Reserve officials. This morning, Christine Cumming, first vice president of the Federal Reserve Bank of New York, will speak at a banking conference in Chicago.

After markets close, Fed Chairman Ben Bernanke will deliver a speech on the implications of the financial crisis, starting at 4:30 p.m. Eastern.

In Germany, the Ifo index, a closely watched gauge of business sentiment, unexpectedly rose in September, data showed on Friday, easing near-term worries over a possible growth slowdown in Europe’s biggest economy. See story on German Ifo data

The Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:SXXP 262.62, +1.55, +0.59%)  gained 0.7% in afternoon trading, reversing losses after the durable-goods data. Read Europe Markets report

On the corporate front, Advanced Micro Devices Inc. /quotes/comstock/13*!amd/quotes/nls/amd (AMD 6.40, +0.14, +2.24%)  will be in focus after the company lowered its forecast for third-quarter sales.

Shares of Nike Inc. /quotes/comstock/13*!nke/quotes/nls/nke (NKE 77.67, +0.36, +0.47%)  gained 6% in premarket trading after the sportswear firm reported growth in quarterly profit and sales. In German trading, rival Adidas AG /quotes/comstock/11e!fads (DE:ADS 45.51, +1.95, +4.47%)  rose 4%.

Gold for December delivery rose to an intraday high of $1,301.30 an ounce in electronic trading on Globex, extending its record-breaking run. See story on gold’s record run

The greenback, meanwhile, fell against other major currencies. The dollar index /quotes/comstock/11j!i:dxy0 (DXY 79.44, -0.57, -0.71%)  dropped 0.7% to 79.488.

Polya Lesova is reporter for MarketWatch, based in Frankfurt. Kate Gibson is a reporter for MarketWatch, based in New York.

Powered By iWebRSS.com

1 comment:

  1. I think, at the moment brokerage has a really high risk. I think I´ll rather wait a little longer to put money in the market.
    Sorry for my bad english and greetings from Germany!

    ReplyDelete

Your spam will not get posted on my blog. No wizetrade spammers etc

Pre Market Movers - Futures Trading - Nasdaq - NYSE

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner