MarketWatch.com - Pre-Market Indications

Thursday, June 17, 2010

Indications: U.S. stock futures trim gains; jobless claims rise

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

By Steve Goldstein and Kate Gibson , MarketWatch

LONDON (MarketWatch) -- U.S. stock futures pared their advance Thursday after the Labor Department reported first-time jobless claims climbed 12,000 to 472,000 last week, dampening cheer over a largely successful Spanish bond auction.

"Initial jobless claims remain disappointingly elevated," said Peter Boockvar, equity strategist at Miller Tabak, of the latest evidence of a soft labor market.

Nintendo, Sony at E3 Videogame Expo

Dan Gallagher has the latest developments from the E3 Videogame Expo in Los Angeles, where Nintendo unveiled the first 3-D video game system, the hand-held 3DS. Plus Sony sets a release date for its Move motion-control gaming system.

A separate report from the Labor Department found consumer prices fell in May for a second month straight.

"There wasn't anything too surprising in this report, limiting its market impact," said Action Economics.

Up nearly 50 points before the economic reports, futures for the Dow Jones Industrial Average were lately up 8 points at 10,411.00. S&P 500 futures rose 1.2 points to 1,110.80 and Nasdaq 100 futures added 3.75 points to 1,908.75.

U.S. stocks finished largely unmoved Wednesday on a day when figures showed industrial production grew but FedEx's /quotes/comstock/13*!fdx/quotes/nls/fdx (FDX 78.12, +0.05, +0.06%) earnings outlook was below Wall Street estimates and Nokia /quotes/comstock/13*!nok/quotes/nls/nok (NOK 8.91, +0.14, +1.60%) issued a profit warning. The Dow Jones Industrial Average and the Nasdaq Composite barely advanced while the S&P 500 finished with fractional losses.

Spain was in the spotlight Thursday after selling 3 billion euros of 10-year bonds, with yields below the 5% level that the European Union and the International Monetary Fund have committed to lending to euro-zone countries. A bond auction with yields above 5% wouldn't immediately trigger EU assistance to Spain but would signal concerns over the country's ability to raise financing in international markets.

Global Dow

• MarketWatch Topics: Greece • Asia Markets | Europe Markets | Lat. Am. • 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

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The euro /quotes/comstock/21o!x:seurusd (CUR_EURUSD 1.2351, +0.0052, +0.4228%) rose 0.5% to $1.2365.

Also, U.K. retail sales grew more strongly than anticipated in May.

Economic reports to come include the June Philly Fed index and May leading indicators at 10 a.m. Eastern.

Of companies in the spotlight, BP /quotes/comstock/13*!bp/quotes/nls/bp (BP 31.64, -0.21, -0.66%) shares edged up 1%. After meeting President Obama Wednesday and agreeing to set up a $20 billion fund and stop at least three dividend payments, BP CEO Tony Hayward will appear before a House Energy and Commerce panel, with the executive defending charges the company acted with "carelessness and complacency," in the words of Rep. Henry Waxman.

Oil futures dropped 41 cents to $78.31 a barrel, while gold futures were stronger by around $13 an ounce.

Asian benchmarks were split, with the Nikkei 225 shedding 0.7% while the Hang Seng and Kospi Composite managed small advances.

The Stoxx Europe 600 advanced 0.5% in early afternoon trade.

Steve Goldstein is MarketWatch's London bureau chief. Kate Gibson is a reporter for MarketWatch, based in New York.


NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Thursday, Jun 17, 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
No symbols with at least a 15% price change today

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 $81,553,875 $112.47 0.5% | C 3,207,509 $4.00 0.4%
BP $33,714,536 $32.15 0.8% | BP 1,047,195 $32.15 0.8%
GLD $30,488,489 $121.39 0.9% | FNM 945,167 $0.50 (11.9%)
QQQQ $21,538,068 $47.20 0.6% | SPY 725,588 $112.47 0.5%
AAPL $16,417,935 $268.92 0.6% | FCH 463,447 $5.63 0.6%
C $12,861,280 $4.00 0.4% | QQQQ 456,798 $47.20 0.6%
RIG $5,583,118 $48.59 3.3% | GLD 251,522 $121.39 0.9%
SDS $4,905,331 $32.12 ( 0.9%) | SDS 152,665 $32.12 ( 0.9%)
IWM $4,119,429 $67.21 0.8% | NOK 124,155 $8.82 0.5%
FCH $2,611,888 $5.63 0.6% | RIG 114,381 $48.59 3.3%


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 up on Spain relief; data ahead

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

By Steve Goldstein , MarketWatch

LONDON (MarketWatch) -- U.S. stock futures rose Thursday, as a largely successful Spanish bond auction helped cap worries over the euro while a flurry of U.S. economic data was on tap.

S&P 500 futures rose 4.6 points to 1,114.20 and Nasdaq 100 futures added 7.5 points to 1,913.50. Futures on the Dow Jones Industrial Average rose 41 points.

Nintendo, Sony at E3 Videogame Expo

Dan Gallagher has the latest developments from the E3 Videogame Expo in Los Angeles, where Nintendo unveiled the first 3-D video game system, the hand-held 3DS. Plus Sony sets a release date for its Move motion-control gaming system.

U.S. stocks finished largely unmoved Wednesday on a deal when figures showed industrial production grew but FedEx's earnings outlook was below Wall Street estimates and Nokia issued a profit warning. The Dow Jones Industrial Average and the Nasdaq Composite barely advanced while the S&P 500 finished with fractional losses.

Spain was in the spotlight Thursday after selling 3 billion euros of 10-year bonds, with yields below the 5% level that the European Union and the International Monetary Fund have committed to lending to euro-zone countries. A bond auction with yields above 5% wouldn't immediately trigger EU assistance to Spain but would signal concerns over the country's ability to raise financing in international markets.

Global Dow

• MarketWatch Topics: Greece • Asia Markets | Europe Markets | Lat. Am. • 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

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The euro /quotes/comstock/21o!x:seurusd (CUR_EURUSD 1.2373, +0.0074, +0.6017%) rose 0.6% to $1.2380.

Also, U.K. retail sales grew more strongly than anticipated in May.

A busy session for U.S. economic data also awaits, with May consumer prices, first quarter current account and weekly jobless claims data due at 8:30 a.m. Eastern, and June Philly Fed index and May leading indications coming at 10 a.m.

Of companies in the spotlight, BP's /quotes/comstock/13*!bp/quotes/nls/bp (BP 31.85, +0.45, +1.43%) London-listed shares rallied Thursday, catching up to the gains in New York when the firm agreed to cancel at least three dividend payments and set aside $20 billion to handle claims. That was seen as positive because BP will be able to gradually fund the independently managed escrow account, quelling worries about cash flows as the oil giant still battles to control the Gulf of Mexico oil spill.

After meeting President Obama Wednesday, BP CEO Tony Hayward will appear before a House Energy and Commerce panel, with the executive defending charges the company acted with "carelessness and complacency," in the words of Rep. Henry Waxman.

UBS /quotes/comstock/13*!ubs/quotes/nls/ubs (UBS 13.81, -0.01, -0.07%) will be in the spotlight as the Swiss parliament allowed the bank to hand over names to the U.S. Internal Revenue Service, paving the way for the lender to proceed with a previously agreed settlement with U.S. tax authorities.

Kroger /quotes/comstock/13*!kr/quotes/nls/kr (KR 20.08, -0.30, -1.47%) , J.M. Smucker /quotes/comstock/13*!sjm/quotes/nls/sjm (SJM 57.75, +0.21, +0.36%) and Smithfield Foods /quotes/comstock/13*!sfd/quotes/nls/sfd (SFD 17.52, -0.05, -0.28%) highlight a thin, food-focused earnings docket.

Oil futures dropped 12 cents to $77.55 a barrel, while gold futures were stronger by around $5 an ounce.

Asian benchmarks were split, with the Nikkei 225 shedding 0.7% while the Hang Seng and Kospi Composite managed small advances.

The Stoxx Europe 600 advanced 0.6% in late morning trade.

Steve Goldstein is MarketWatch's London bureau chief.


Pre Market Movers - Futures Trading - Nasdaq - NYSE

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