Indications: Stock futures retain mild gains after jobs data

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By Barbara Kollmeyer & Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. stock futures retained mild gains higher after data showed jobless claims fell as expected last week and a wave of earnings and Hewlett-Packard's deal to buy Palm pulled investor focus from Europe's sovereign debt worries.

S&P 500 futures rose 6.9 points to 1,197.0 and Nasdaq 100 futures rose 12 points to 2,018.75. Futures on the Dow Jones Industrial Average rose 32 points.

The Labor Department said Thursday initial claims for unemployment benefits declined for a second week in a row to 448,000 last week. Read how claims are down about 28% from year-ago period.

U.S. stocks moderately rebounded on Wednesday after stronger earnings and the Fed reiterated economic conditions warrant leaving rates low for what's likely to be an extended period. That helped take the sting out of the third sovereign debt downgrade in Europe in two days as the Dow Jones Industrial Average rose 0.5%.

There were a number of earnings reports, particularly in the agrichemicals and household products sector.

Exxon Mobil Corp. /quotes/comstock/13*!xom/quotes/nls/xom (XOM 69.36, +0.17, +0.25%) reported first-quarter profits climbed 38%, but shares of the oil giant fell in premarket trade as its results fell under analysts' expectations. Read more about $6.3 billion gain in earnings.

Of the household goods giants, Unilever /quotes/comstock/13*!ul/quotes/nls/ul (UL 30.40, +1.12, +3.83%) /quotes/comstock/13*!un/quotes/nls/un (UN 30.85, +1.04, +3.49%) rose in premarket trade while Procter & Gamble /quotes/comstock/13*!pg/quotes/nls/pg (PG 61.40, -1.77, -2.80%) fell following their first-quarter reports, and Potash fell 2% after its first-quarter result.

Results from oil giant Exxon Mobil /quotes/comstock/13*!xom/quotes/nls/xom (XOM 69.36, +0.17, +0.25%) is on tap.

Palm /quotes/comstock/15*!palm/quotes/nls/palm (PALM 5.77, +1.14, +24.62%) shares surged after Hewlett-Packard /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 52.84, -0.45, -0.84%) announced it will acquire the group in a cash deal worth $1.2 billion, which ends months of speculation about the handset maker. H-P shares weakened 0.1% in premarket trade. See more on deal

European markets rebounded on Thursday, as traders put corporate earnings in focus and moved sovereign debt worries to the backburner, at least for now. Debt markets were also calmer in the wake of recent upheaval.

Better-than-expected earnings from heavyweights across Europe such as Unilever and Siemens lifted stocks in the region, which have been battered in recent days. In Asia, stocks traded mixed with banking and metals stocks hurting the Australian market while strong earnings lifted some technology firms in Taiwan.

The euro /quotes/comstock/21o!x:seurusd (CUR_EURUSD 1.3241, +0.0035, +0.2650%) took back a bit of ground against the dollar, trading up 0.3% at $1.3247, after a strong reading on a sentiment indicator for the euro zone.

Barbara Kollmeyer is an editor for MarketWatch in Madrid. Kate Gibson is a reporter for MarketWatch, based in New York.

Indications: Futures higher with data, earnings in focus

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By Barbara Kollmeyer, MarketWatch

MADRID (MarketWatch) -- U.S. stock futures edged higher Thursday amid a wave of earnings and Hewlett-Packard's deal to buy Palm as the focus moved away from Europe's sovereign debt worries.

S&P 500 futures rose 5.7 points to 1,195.80 and Nasdaq 100 futures rose 9 points to 2,015.75. Futures on the Dow Jones Industrial Average rose 34 points.

U.S. stocks moderately rebounded on Wednesday after stronger earnings and the Fed reiterated economic conditions warrant leaving rates low for what's likely to be an extended period. That helped take the sting out of the third sovereign debt downgrade in Europe in two days as the Dow Jones Industrial Average rose 0.5%.

TODAY'S INTERNATIONAL MARKET STORIES

Global Dow

• MarketWatch Topics: Greece • Asia Markets | Europe Markets | LatAm Markets • Canadian Markets | Israel Stocks | London • U.S.: Market Snapshot | After Hours

Tools• Latin American/Canadian indexes • European indexes | Asian indexes

More on the Markets • Bond Report | Oil News | Earnings Watch • Currencies | U.S. Economic Calendar

Strategy and Outlook • Southern Europe stocks swim against tide • The euro zone's undoing is now plausible • Latin American inflation not the threat it was • The Emerging Markets Report

Earnings • Siemens raises outlook as profit jumps 54% • Banco Santander posts upbeat profit • ArcelorMittal returns to first-quarter profit • BASF warns on recovery; profit beats estimates • Unilever's first-quarter profit rises 33%

/conga/story/misc/international.html 73636

"Looking ahead to today, weekly jobless claims in the U.S. should be the data focus and markets are looking for an 11,000 decline in initial claims," said Jim Reid, strategist with Deutsche Bank, in a note to investors. Jobless claims are expected at 8:30 a.m. Eastern time.

There were a number of earnings reports, particularly in the agrichemicals and household products sector.

Of the household goods giants, Unilever /quotes/comstock/13*!ul/quotes/nls/ul (UL 29.28, -0.39, -1.31%) /quotes/comstock/13*!un/quotes/nls/un (UN 29.81, -0.33, -1.09%) rose in premarket trade while Procter & Gamble /quotes/comstock/13*!pg/quotes/nls/pg (PG 63.17, +0.54, +0.87%) fell following their first-quarter reports, and Potash fell 2% after its first-quarter result.

Results from oil giant Exxon Mobil /quotes/comstock/13*!xom/quotes/nls/xom (XOM 69.19, +0.92, +1.35%) is on tap.

Palm /quotes/comstock/15*!palm/quotes/nls/palm (PALM 4.63, -0.02, -0.43%) shares surged 27% after Hewlett-Packard /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 53.28, +0.03, +0.06%) announced it will acquire the group in a cash deal worth $1.2 billion, which ends months of speculation about the handset maker. H-P shares weakened 0.1% in premarket trade. See more on deal

European markets rebounded on Thursday, as traders put corporate earnings in focus and moved sovereign debt worries to the backburner, at least for now. Debt markets were also calmer in the wake of recent upheaval.

Better-than-expected earnings from heavyweights across Europe such as Unilever and Siemens lifted stocks in the region, which have been battered in recent days. In Asia, stocks traded mixed with banking and metals stocks hurting the Australian market while strong earnings lifted some technology firms in Taiwan.

The euro /quotes/comstock/21o!x:seurusd (CUR_EURUSD 1.3252, +0.0046, +0.3483%) took back a bit of ground against the dollar, trading up 0.5% at $1.3265, after a strong reading on a sentiment indicator for the euro zone.

Barbara Kollmeyer is an editor for MarketWatch in Madrid.

NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Thursday, Apr 29, 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 Wednesday's Close Current Price Pct Change Current NYSE ARCA Vol
PCBC $4.11 $1.60 (61.1%) 546,582
ATSI $2.60 $3.96 52.2% 952,961
PALM $4.64 $5.88 26.7% 9,438,134
RAS $3.16 $3.87 22.5% 27,165
BIDU $621.31 $716.59 15.3% 38,500

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
SPY $105038590 $120.26 0.8% | PALM 9,438,134 $5.88 26.7%
PALM $55,240,440 $5.88 26.7% | SNV 8,717,115 $2.97 ( 6.9%)
XOM $32,272,940 $68.11 ( 1.6%) | C 1,599,631 $4.53 2.0%
BIDU $27,634,388 $716.59 15.3% | ETFC 1,559,121 $1.74 ( 5.4%)
SNV $25,709,536 $2.97 ( 6.9%) | MOT 1,085,058 $7.35 5.9%
FSLR $11,789,469 $139.58 8.9% | ATSI 952,961 $3.96 52.2%
AAPL $10,105,359 $263.52 0.7% | SPY 874,024 $120.26 0.8%
POT $8,460,179 $108.00 ( 1.0%) | PCBC 546,582 $1.60 (61.1%)
MOT $7,945,846 $7.35 5.9% | XOM 472,746 $68.11 ( 1.6%)
C $7,219,944 $4.53 2.0% | SIRI 389,152 $1.19 2.1%

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.

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