MarketWatch.com - Pre-Market Indications

Friday, April 16, 2010

Indications: Stock futures edge back on Google; B. of A. climbs

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By Barbara Kollmeyer & Steve Goldstein, MarketWatch

MADRID (MarketWatch) -- U.S. stock futures slipped Friday after six straight gains, as worries over tech-sector strength following Google and Advanced Micro Devices results offset better-than-expected results from Bank of America and General Electric.

Though off the worst levels of the morning, S&P 500 futures fell 1.8 points to 1,206.70 and Nasdaq 100 futures fell 4 points to 2,030.70.

Futures on the Dow Jones Industrial Average dipped 9 points.

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Earnings were in the spotlight, as shares of Google /quotes/comstock/15*!goog/quotes/nls/goog (GOOG 595.30, +6.30, +1.07%) dropped over 4% in premarket trade on worries over growing costs at the Internet search giant. Read more on Google results

Chip maker Advanced Micro Devices /quotes/comstock/13*!amd/quotes/nls/amd (AMD 10.16, +0.27, +2.73%) also fell sharply, losing nearly 5%. Despite better-than-forecast first-quarter results, the Intel rival said sales will be flat to down 5% in the second quarter.

Bank of America /quotes/comstock/13*!bac/quotes/nls/bac (BAC 19.48, +0.08, +0.41%) rose over 3% after reporting a stronger-than-forecast $3.2 billion profit.

General Electric /quotes/comstock/13*!ge/quotes/nls/ge (GE 19.50, +0.15, +0.78%) edged up 1%. Its quarterly earnings beat forecasts, although revenue missed estimates, as the bellwether said it is eyeing further restructuring. See GE story.

Economic data on the calendar includes housing starts for March, due at 8:30 a.m. Eastern and consumer sentiment for April, due at 10 a.m. Eastern.

European shares wavered between gains and losses as airspace in Northern Europe was shut for a second day. See full story.

The euro /quotes/comstock/21o!x:seurusd (CUR_EURUSD 1.3512, -0.0067, -0.4934%) was weaker against the dollar on continued worries over Greece's fiscal problems. Greek bonds plunged Thursday as the country requested talks over potential aid. Officials from the European Commission and the International Monetary Fund will travel to Athens Monday to discuss policies that could be put in place if Greece asks for assistance. See related story

Greece isn't expected to request the aid package at the meeting of euro-zone finance ministers on Friday, according to Jean-Claude Juncker, who is chairman of the Eurogroup.

In Hong Kong, Chinese property stocks fell, after an announcement late Thursday that some say amounts to a policy shift, significantly tightening the supply of credit for home purchases and requiring cities to make much more land available for mass-market housing.

"These tightening measures mark the true turning point of property-related policies and the property sector of this cycle," wrote Ting Lu, a Merrill economist based in Hong Kong. See more on China property stocks

Stocks on Wall Street rose to fresh 2010 highs on Thursday, bolstered by a number of economic reports and an upbeat forecast from United Parcel Service. The Dow Jones Industrial Average ended up 21.46 points, or 0.2%, at 11,144.57, a fresh closing high for the year. The S&P 500 Index and the Nasdaq Composite Index also closed higher.

Barbara Kollmeyer is an editor for MarketWatch in Madrid. Steve Goldstein is MarketWatch's London bureau chief.


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NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Friday, Apr 16, 2010 :

STOCKS TRADING ON NYSE Arca AT A PRICE 15% OR MORE AWAY FROM
THE PREVIOUS TRADE DAY'S CONSOLIDATED CLOSE PRICE (AS OF 08:30:00 ET)

Stock Thursday's Close Current Price Pct Change Current NYSE ARCA Vol
PFWD $13.09 $16.87 28.9% 1,851,648
STBC $8.16 $9.99 22.5% 700


10 MOST ACTIVE STOCKS ON NYSE ARCA AS OF 08:30:00 ET

BASED ON DOLLARS TRADED: | BASED ON SHARES TRADED:
Stock $ Volume Price PctChg | Stock Share Vol Price PctChg
BAC $160088498 $19.62 0.6% | C 11,932,232 $4.84 0.6%
SPY $69,139,083 $121.07 ( 0.2%) | BAC 8,083,803 $19.62 0.6%
GOOG $66,369,331 $566.92 ( 4.8%) | GE 2,120,485 $19.46 ( 0.2%)
C $58,247,886 $4.84 0.6% | PFWD 1,851,648 $16.87 28.9%
GE $41,936,872 $19.46 ( 0.2%) | SPY 571,094 $121.07 ( 0.2%)
PFWD $31,228,603 $16.87 28.9% | PALM 449,721 $5.65 5.0%
FAS $7,405,224 $115.69 ( 0.7%) | AEZS 444,624 $1.37 (17.5%)
CF $7,208,014 $90.39 0.4% | FAZ 437,936 $11.10 0.7%
AAPL $6,440,501 $248.28 ( 0.3%) | SIRI 424,460 $1.12 1.8%
FAZ $4,821,802 $11.10 0.7% | ANX 281,644 $0.24 (12.6%)


Price changes may be affected by symbol splits and dividends.

Consolidated close price is the last print (excluding prints with trade
conditions) prior to 4PM ET.

This information is also updated on our web page every morning at 8:35ET:
http://www.tradearca.com/data/volume/daily_update.asp

This material is for informational purposes only.
NYSE Euronext and its affiliates ("NYSE Arca") are not soliciting any action based upon it.
This material is not to be construed as an offer to buy or sell any security in any jurisdiction where such an offer or solicitation would be illegal.
Any opinions expressed in this material are NYSE Arca opinions only.
NYSE Arca undertakes no obligation to update any of the information contained in this material in light of new information or future events.
THIS MATERIAL IS PROVIDED BY NYSE ARCA "AS IS" AND WITHOUT WARRANTIES EXPRESS OR IMPLIED.
NYSE ARCA DISCLAIMS ALL WARRANTIES INCLUDING THE IMPLIED WARRANTIES OF MERCHANTIBILITY, TITLE, AND FITNESS FOR A PARTICULAR PURPOSE AS TO THIS MATERIAL.
IN NO EVENT SHALL NYSE ARCA BE LIABLE FOR DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER (INCLUDING BUT NOT LIMITED TO, LOST PROFITS, TRADING LOSSES AND DAMAGES THAT MAY RESULT FROM THE USE
OF THIS MATERIAL, ANY DELAY OR INTERRUPTION OF SERVICE OR OMISSIONS OR INACCURACIES IN THE MATERIAL) WITH RESPECT TO THIS MATERIAL.

Copyright [2010] by NYSE Euronext. All rights reserved. Reproduction and redistribution prohibited without prior express consent.

Indications: U.S. stock futures lose traction on Google

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

By Barbara Kollmeyer, MarketWatch

MADRID (MarketWatch) -- Some faded enthusiasm over earnings weighed on U.S. stock futures on Friday, as investors readied for even more results such as those of Bank of America and General Electric, along with a handful of economic data.

Futures for the Dow Jones Industrial Average fell 13 points to 11,083, while those for the Nasdaq 100 fell 3.75 points to 2,031. Futures for the S&P 500 fell 2.7 points to 1,205.80.

Stocks on Wall Street rose to fresh 2010 highs on Thursday, bolstered by a number of economic reports and an upbeat forecast from United Parcel Service. The Dow Jones Industrial Average ended up 21.46 points, or 0.2%, at 11,144.57, a fresh closing high for the year. The S&P 500 Index and the Nasdaq Composite Index /quotes/comstock/10y!i:comp (COMP 2,516, +10.83, +0.43%) also closed higher.

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Equities by Sector• Technology stocks | Energy stocks • Metals stocks | Retail stocks • Financials | Airline stocks | Pharma and Biotech

More on Markets • Bond Report | Oil News | EarningsWatch • Currencies | Market Data | Economic Calendar • See all the latest markets video

/conga/story/misc/markets.html 55637

But Friday's session was looking shaky as investors awaited earnings news from General Electric /quotes/comstock/13*!ge/quotes/nls/ge (GE 19.50, +0.15, +0.78%) and Bank of America /quotes/comstock/13*!bac/quotes/nls/bac (BAC 19.48, +0.08, +0.41%) , both due before the open.

Also out before the bell will be Gannett /quotes/comstock/13*!gci/quotes/nls/gci (GCI 18.14, +0.16, +0.89%) , Genuine Parts /quotes/comstock/13*!gpc/quotes/nls/gpc (GPC 45.42, +0.79, +1.77%) and Mattel /quotes/comstock/15*!mat/quotes/nls/mat (MAT 23.75, +0.43, +1.84%) .

Shares of search giant Google /quotes/comstock/15*!goog/quotes/nls/goog (GOOG 595.30, +6.30, +1.07%) could come under pressure and weigh on the overall market. Shares fell in the after hours trading as quarterly earnings came in higher than analysts projected, but company costs rose significantly in the period. Read more on Google results

Shares of chip maker Advanced Micro Devices /quotes/comstock/13*!amd/quotes/nls/amd (AMD 10.16, +0.27, +2.73%) could also see pressure, after falling in late trading despite better-than-expected results. Read more on AMD

Economic data on the calendar includes housing starts for March, due at 8:30 a.m. Eastern and consumer sentiment for April, due at 10 a.m. Eastern.

European shares were weaker, pulling back from 18-month highs, with losses led by technology stocks, and airlines weak as a cloud of volcanic ash from Iceland continued to disrupt air travel across Europe. See full story.

The euro /quotes/comstock/21o!x:seurusd (CUR_EURUSD 1.3547, -0.0032, -0.2357%) was weaker against the dollar on continued worries over Greece's fiscal problems. Greek bonds plunged Thursday as the country requested talks over potential aid. Officials from the European Commission and the International Monetary Fund will travel to Athens Monday to discuss policies that could be put in place if Greece asks for assistance. See related story

Greece isn't expected to request the aid package at the meeting of euro-zone finance ministers on Friday, according to Jean-Claude Juncker, who is chairman of the Eurogroup.

The yield premium demanded by investors to hold 10-year Greek government bonds over German bunds widened to 4.11 percentage points against 4.06 percentage points Thursday.

In Hong Kong, Chinese property stocks fell, after an announcement late Thursday that some say amounts to a policy shift, significantly tightening the supply of credit for home purchases and requiring cities to make much more land available for mass-market housing.

"These tightening measures mark the true turning point of property-related policies and the property sector of this cycle," wrote Ting Lu, a Merrill economist based in Hong Kong. See more on China property stocks

Barbara Kollmeyer is an editor for MarketWatch in Madrid.


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