MarketWatch.com - Pre-Market Indications

Friday, September 10, 2010

Indications: U.S. stocks mildly up before inventory data

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By Polya Lesova and Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. stock futures on Friday tentatively pointed to a third day of gains for Wall Street ahead of economic data that could signal expectations for consumer spending and the all-important shopping season.

Investors also awaited U.S. President Barack Obama's news conference for any comments on the economy.

Futures on the Dow Jones Industrial Average gained 20 points to 10,424 and S&P 500 futures rose 3.20 points to 1,100.8.

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Nasdaq 100 futures advanced 5.5 points to 1,888.75.

A report due later on is expected to show a July rise in wholesale inventories and sales.

Wholesalers would be unlikely to add to their inventories without thinking that retail sales would increase in the months ahead, so the economic report could shed light on whether retail sales might improve.

"Retailers would have ordered goods in July and August for delivery by November, head of the critical shopping season. Failure to see an increase in inventory by October would mean very tight inventories for the holidays," said Marc Pado, U.S. market strategist at Cantor Fitzgerald.

"Last year, retailers were saying, 'what you see if what you get,' there was nothing in the back to put on the shelves," he added.

A decline in weekly jobless claims and an improved trade deficit fueled gains for Wall Street on Thursday, although the gains were limited after Bloomberg reported Germany's Deutsche Bank AG /quotes/comstock/13*!db/quotes/nls/db (DB 60.56, +0.57, +0.95%) /quotes/comstock/11e!fdbk (DE:DBK 47.69, +0.21, +0.44%) was considering the sale of stock to raise as much as 9 billion euros ($11.4 billion.)

The blue-chip Dow index /quotes/comstock/10w!i:dji/delayed (DJIA 10,461, +46.20, +0.44%) rose 0.3%, bringing its month-to-date gains to 4%.

In Asia, most equity markets finished with gains, as data showed that China's trade surplus narrowed to $20 billion in August.

European stock markets traded broadly lower, however, with the Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:SXXP 264.70, -0.39, -0.15%) dropping 0.2% in afternoon trading.

On the positive side, shares of Nokia Corp. /quotes/comstock/13*!nok/quotes/nls/nok (NOK 9.96, +0.20, +2.05%) /quotes/comstock/22u!noki-sek (FI:NOK1V 7.79, +0.05, +0.65%) rallied after the mobile-phone maker announced the appointment of a Canadian-born executive from Microsoft Corp. /quotes/comstock/15*!msft/quotes/nls/msft (MSFT 23.82, -0.19, -0.79%) to be its next chief executive. U.S.-listed shares of Nokia gained 4.2% in premarket trading. Read more on Nokia's new CEO.

Conversely, Texas Instruments Inc. /quotes/comstock/13*!txn/quotes/nls/txn (TXN 23.57, -0.27, -1.13%) lowered the upper range of its outlook for third-quarter profit and sales.

In the commodity markets, crude-oil futures rose $1.20, or 1.63%, to $75.44 a barrel in electronic trading on Globex. The International Energy Agency revised slightly higher its estimate for global oil demand for 2010, but it warned that there is a continuing "significant downside risk" to its forecasts if the world economy were to stall.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 82.70, +0.03, +0.03%) , which tracks the performance of the greenback against a basket of other major currencies, edged slightly higher to 82.804.

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

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Indications: U.S. stock futures gain; Obama remarks awaited

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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- U.S. stock futures rose on Friday, as concern about Deutsche Bank weighed on sentiment in Europe, while investors awaited U.S. President Barack Obama's news conference for any comments on the economy.

Futures on the Dow Jones Industrial Average gained 24 points to 10,428 and S&P 500 futures rose 4.20 points to 1,101.80.

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Nasdaq 100 futures advanced 7 points to 1,890.20.

A decline in weekly jobless claims and an improved trade deficit fueled gains for Wall Street on Thursday. The blue-chip Dow index /quotes/comstock/10w!i:dji/delayed (DJIA 10,415, +28.23, +0.27%) rose 0.3%, bringing its month-to-date gains to 4%.

"Without compelling economic data, it's hard to get overly excited about the very short-term prospects," said Marc Pado, U.S. market strategist at Cantor Fitzgerald.

"There's a lot more exciting economic data out next week," Pado said in a note to clients. "Today is Friday, which has seen light volume and moves that tend to be reversed on the following Monday."

The economic calendar is thin, with wholesale inventories for July scheduled for release at 10 a.m. Eastern Time.

Investors are likely to turn their attention to Obama's news conference at the White House. Any comments on the state of the economy will be closely watched. The news conference is due to begin at 11 a.m. Eastern, according to media reports.

In Asia, most equity markets finished with gains, as data showed that China's trade surplus narrowed to $20 billion in August.

European stock markets traded broadly lower, however, with the Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:SXXP 264.71, -0.38, -0.14%) dropping 0.2% in afternoon trading.

Shares of Deutsche Bank AG /quotes/comstock/13*!db/quotes/nls/db (DB 59.99, -1.97, -3.18%) /quotes/comstock/11e!fdbk (DE:DBK 47.84, +0.36, +0.75%) fell more than 4% on the Xetra trading platform. A media report said the German bank may be looking to raise as much as 9 billion euros ($11.4 billion) by selling new stock.

On the positive side, shares of Nokia Corp. /quotes/comstock/13*!nok/quotes/nls/nok (NOK 9.76, +0.06, +0.62%) /quotes/comstock/22u!noki-sek (FI:NOK1V 8.04, +0.30, +3.81%) rallied 4% in Helsinki after the mobile-phone maker announced the appointment of a Canadian-born executive from Microsoft Corp. /quotes/comstock/15*!msft/quotes/nls/msft (MSFT 24.01, +0.08, +0.33%) to be its next chief executive. U.S.-listed shares of Nokia gained 5% in premarket trading. Read more on Nokia's new CEO.

Texas Instruments Inc. /quotes/comstock/13*!txn/quotes/nls/txn (TXN 23.84, +0.16, +0.68%) will also be in focus as investors digest its latest earnings and sales outlook issued after the closing bell on Thursday.

In the commodity markets, crude-oil futures rose $1.68, or 2.3%, to $75.93 a barrel in electronic trading on Globex. The International Energy Agency revised slightly higher its estimate for global oil demand for 2010, but it warned that there is a continuing "significant downside risk" to its forecasts if the world economy were to stall.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 82.77, +0.10, +0.12%) , which tracks the performance of the greenback against a basket of other major currencies, fell 0.1% to 82.569. The euro /quotes/comstock/21o!x:seurusd (EURUSD 1.2693, -0.0001, -0.0079%) gained 0.3% to $1.2725.

Polya Lesova is MarketWatch's London bureau chief.

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NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Friday, Sep 10, 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
LAQ $42.99 $33.85 (21.3%) 3,125


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 $109584312 $111.21 0.3% | C 2,349,527 $3.94 1.0%
NOK $13,069,351 $10.20 4.6% | NOK 1,279,764 $10.20 4.6%
QQQQ $9,727,112 $46.56 0.3% | SPY 985,133 $111.21 0.3%
C $9,228,116 $3.94 1.0% | SOLR 238,900 $7.55 2.0%
GLD $7,205,419 $121.42 ( 0.1%) | BAC 228,802 $13.62 0.9%
AAPL $3,663,079 $263.60 0.2% | QQQQ 208,929 $46.56 0.3%
DB $3,594,397 $60.85 1.6% | FAZ 105,400 $13.55 ( 1.2%)
EWZ $3,277,987 $70.99 0.3% | FAS 75,418 $21.59 1.2%
BHP $3,184,391 $70.72 0.3% | UCO 72,450 $9.36 3.0%
BAC $3,109,380 $13.62 0.9% | IRE 70,285 $3.54 ( 3.0%)


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

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