MarketWatch.com - Pre-Market Indications

Friday, October 1, 2010

Indications: U.S. stock futures rise after economic 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 rose Friday after a Federal Reserve official said further action is likely due from the central bank and the first round of U.S. economic data showed August gains in personal income and spending.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\z10 (DJZ10 10,760, +37.00, +0.35%)  advanced 50 points to 10,773 and S&P 500 futures /quotes/comstock/21m!f:sp\z10 (SPZ10 1,140, +3.50, +0.31%)  rose 6.70 points to 1,143.4.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\z10 (NDZ10 1,997, +1.00, +0.05%)  added 15 points to 2,010.5.

U.S. stocks ended lower on Thursday, but the Dow industrials /quotes/comstock/10w!i:dji/delayed (DJIA 10,820, +31.60, +0.29%)  gained 7.7% last month, the best September performance since 1939 when the blue-chip barometer rose 13.5%.

Asian stocks finished mostly higher overnight, underpinned by data showing an acceleration in China’s manufacturing activity. The official Chinese purchasing mangers index rose to a reading of 53.8 in September from 51.7 the previous month.

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

European equities were also mostly higher in intraday trading, with the Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:SXXP 258.84, -0.88, -0.34%)  rising 0.1%.

The key economic report of the day will come after the opening bell on Wall Street, at 10 a.m. Eastern time, when the Institute for Supply Management’s manufacturing index for September will be released.

Most analysts expect the index to decline to 54.5 from 56.3 in August, according to Deutsche Bank, whose economists expect a reading of 54.

The Chicago-area purchasing managers index unexpectedly rose in September, data showed on Thursday.

“Despite some fairly consistent regional manufacturing weakness, yesterday’s Chicago index suggests that anything is possible from today’s manufacturing ISM,” analysts at ING said in a note to clients.

If the ISM data are much weaker than the consensus forecast, “we should see bond yields move lower again, helped by expectations that a new bout of QE [quantitative easing] might be unleashed â€" perhaps as early as the November FOMC meeting,” they said.

Car manufacturers will be in Friday’s focus, as they are scheduled to report sales numbers for September.

Meanwhile, shares of Hewlett-Packard Co. /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 40.47, -1.60, -3.80%)  fell in premarket trading. The tech giant said late Thursday that Leo Apotheker has been appointed as chief executive and president. Apotheker previously served as CEO of Germany’s SAP AG /quotes/comstock/13*!sap/quotes/nls/sap (SAP 50.22, +0.91, +1.85%) .

Shares of Spanish oil and gas firm Repsol YPF /quotes/comstock/13*!rep/quotes/nls/rep (REP 27.34, +1.61, +6.25%)   /quotes/comstock/06x!e:rep (ES:REP 19.83, +0.94, +4.95%)  rallied in premarket trading. The company said that China Petroleum & Chemical Corp. /quotes/comstock/22h!e:386 (HK:386 6.88, +0.01, +0.15%)   /quotes/comstock/13*!snp/quotes/nls/snp (SNP 89.31, +1.03, +1.17%)  will buy a 40% stake in Repsol’s Brazilian upstream subsidiary for $7.1 billion. Repsol will retain 60% of the resulting company, which is valued at $17.8 billion.

BP PLC /quotes/comstock/13*!bp/quotes/nls/bp (BP 41.95, +0.78, +1.89%)   /quotes/comstock/23s!a:bp. (UK:BP. 440.50, +12.70, +2.97%)  was also in the energy sector’s focus, after saying it has pledged assets as collateral for the $20 billion trust set up to pay claims arising from the Gulf of Mexico oil spill. The total cost of the spill response has risen to $11.2 billion, the company added.

On the earnings front, technology and outsourcing firm Accenture PLC /quotes/comstock/13*!acn/quotes/nls/acn (ACN 44.58, +2.09, +4.91%)  reported late Thursday an increase in fiscal fourth-quarter profit that beat analyst estimates. The stock rose 4% in premarket trading.

Shares of Gymboree Corp. /quotes/comstock/15*!gymb/quotes/nls/gymb (GYMB 48.82, +7.28, +17.53%)  surged in premarket trading. The Wall Street Journal reported that Gymboree is exploring interest in a possible sale to private-equity companies.

Crude-oil futures gained, while the U.S. dollar fell against other major currencies.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 78.20, -0.53, -0.67%)  dropped 0.5% to 78.299. The euro rallied 0.7% to $1.3723; the British pound gained 0.7% to $1.5837.

Crude oil for November delivery rose $1.25 to $81.22 a barrel in electronic trading on Globex.

December gold futures, meanwhile, gained $6.10 to $1,315.70 an ounce.

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

Powered By iWebRSS.com

Indications: U.S. stock futures rise after China data

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

By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) â€" U.S. stock futures pointed higher on Friday, while the U.S. dollar fell against major rivals and gold gained, as strong economic data from China encouraged appetite for assets perceived as risky.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\z10 (DJZ10 10,774, +51.00, +0.48%)  advanced 44 points to 10,767 and S&P 500 futures /quotes/comstock/21m!f:sp\z10 (SPZ10 1,143, +6.70, +0.59%)  rose 5.60 points to 1,142.40.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\z10 (NDZ10 2,010, +14.50, +0.73%)  added 13.50 points to 2,009.

U.S. stocks ended lower on Thursday, but the blue-chip Dow index /quotes/comstock/10w!i:dji/delayed (DJIA 10,788, -47.23, -0.44%)  gained 7.7% last month, posting its best September performance since 1939 when it rose 13.5%.

Asian stocks finished mostly higher overnight, underpinned by data showing an acceleration in China’s manufacturing activity. The official Chinese purchasing mangers index rose to 53.8 in September from 51.7 the previous month.

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

European equities were also mostly higher in intraday trading, with the Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:SXXP 260.36, +0.64, +0.25%)  rising 0.1%.

The key economic report of the day will come after the opening bell on Wall Street, at 10 a.m. Eastern time, when the Institute for Supply Management’s manufacturing index for September will be released.

Most analysts expect the index to decline to 54.5 from 56.3 in August, according to Deutsche Bank, whose economists expect a reading of 54.

The Chicago purchasing managers index unexpectedly rose in September, data showed on Thursday.

“Despite some fairly consistent regional manufacturing weakness, yesterday’s Chicago index suggests that anything is possible from today’s manufacturing ISM,” analysts at ING said in a note to clients.

If the ISM data are much weaker than the consensus expects, “we should see bond yields move lower again, helped by expectations that a new bout of QE [quantitative easing] might be unleashed â€" perhaps as early as the November FOMC meeting,” they said.

Also, August personal-income data are due at 8:30 a.m. Eastern.

Car manufacturers will be in focus, as they are scheduled to report sales numbers for September.

Shares of Hewlett-Packard Co. /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 42.07, -0.46, -1.08%)  fell 2% in premarket trading. The firm said late Thursday that Leo Apotheker has been appointed as chief executive officer and president. Apotheker previously served as CEO of Germany’s SAP AG /quotes/comstock/13*!sap/quotes/nls/sap (SAP 49.31, -0.31, -0.62%) .

Shares of Spanish oil and gas firm Repsol YPF /quotes/comstock/13*!rep/quotes/nls/rep (REP 25.73, -0.06, -0.23%)   /quotes/comstock/06x!e:rep (ES:REP 20.05, +1.16, +6.11%)  rallied 6.5% in premarket trading. The company said that China Petroleum & Chemical Corp. /quotes/comstock/22h!e:386 (HK:386 6.88, +0.01, +0.15%)  , also known as Sinopec, will buy a 40% stake in Repsol’s Brazilian upstream subsidiary for $7.1 billion. Repsol will retain 60% of the resulting company, which is valued at $17.8 billion.

BP PLC /quotes/comstock/13*!bp/quotes/nls/bp (BP 41.17, +1.17, +2.93%)   /quotes/comstock/23s!a:bp. (UK:BP. 440.70, +12.90, +3.02%)  was also in focus after saying it has pledged assets as collateral for the $20 billion trust set up to pay for the Gulf of Mexico oil spill. The total cost of the spill response has risen to $11.2 billion, the company added.

On the earnings front, technology and outsourcing firm Accenture PLC /quotes/comstock/13*!acn/quotes/nls/acn (ACN 42.49, +0.19, +0.45%)  reported an increase in fiscal fourth-quarter profit that beat analyst estimates. The stock rose 4% in premarket trading.

Shares of Gymboree Corp. /quotes/comstock/15*!gymb/quotes/nls/gymb (GYMB 41.54, -0.71, -1.68%)  surged 20% in premarket trading. The Wall Street Journal reported that Gymboree is exploring interest in a possible sale of the firm to private-equity companies.

Oil futures gained, while the U.S. dollar fell against other major currencies.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 78.26, -0.46, -0.58%)  dropped 0.5% to 78.288; the euro rallied 0.7% to $1.3723. The British pound gained 0.7% to $1.5837.

Crude oil for November delivery rose $1.05 to $81.02 a barrel in electronic trading on Globex.

December gold futures, meanwhile, gained $6.10 to $1,315.70 an ounce.

Polya Lesova is chief of MarketWatch’s London bureau.

Powered By iWebRSS.com

NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Friday, Oct 1, 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
DVOX $8.10 $6.09 (24.8%) 10,821
GYMB $41.53 $51.30 23.5% 47,535
BSI $14.10 $11.00 (22.0%) 47,334


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 $170431979 $114.73 0.6% | C 2,544,171 $3.97 1.7%
BAC $18,030,103 $13.20 0.7% | SPY 1,486,632 $114.73 0.6%
C $10,085,750 $3.97 1.7% | BAC 1,366,868 $13.20 0.7%
HPQ $9,321,333 $40.90 ( 2.8%) | HPQ 227,878 $40.90 ( 2.8%)
BP $8,679,441 $41.91 1.8% | BP 207,180 $41.91 1.8%
GLD $6,216,226 $128.50 0.5% | SDS 138,387 $29.29 ( 1.0%)
FXE $5,645,223 $136.69 0.7% | SSO 128,609 $39.81 1.2%
ACN $5,477,104 $44.34 4.3% | ACN 124,128 $44.34 4.3%
QQQQ $5,333,979 $49.39 0.7% | QQQQ 108,094 $49.39 0.7%
NFLX $5,264,898 $159.79 ( 1.6%) | FAZ 102,352 $13.15 ( 1.9%)


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.

Pre Market Movers - Futures Trading - Nasdaq - NYSE

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner