MarketWatch.com - Pre-Market Indications

Friday, November 26, 2010

Indications: U.S. futures fall sharply after holiday break

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Simon Kennedy and Nick Godt, MarketWatch

NEW YORK (MarketWatch) â€" U.S. stock futures dropped Friday following the Thanksgiving holiday, as worries over sovereign debt in Europe and tensions between North and South Korea persist while investors awaited news on retailers’ Black Friday sales.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\z10 (DJZ10 11,070, -85.00, -0.76%)  fell 90 points to 11,065 and S&P 500 futures /quotes/comstock/21m!f:sp\z10 (SPZ10 1,187, -9.30, -0.78%)  dropped 10.80 points to 1,185.70 ahead of the holiday-shortened trading session.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\z10 (NDZ10 2,153, -5.00, -0.23%)  slumped 17.50 points at 2,140.50.

The decline for stock futures came as European stock markets posted another day of losses. Spanish stocks in particular fell heavily, with the IBEX 35 index dropping 2.6% as investors continued to worry about the possibility of sovereign-debt contagion to Portugal and Spain.

Shares in Spanish bank BBVA SA /quotes/comstock/13*!bbva/quotes/nls/bbva (BBVA 10.34, -0.32, -3.00%)  dropped 4.5% and Banco Santander SA /quotes/comstock/13*!std/quotes/nls/std (STD 10.03, -0.46, -4.39%)  fell 5.5% in pre-opening trade.

“Europe is a big part of the fall [for futures] because it’s rattling the bank sector, which is where the risk lies to the global economy,” said Mike Lenhoff, chief strategist at Brewin Dolphin. Also, concerns over tension between North and South Korea are growing again, he noted.

“If the market wants to focus on the downside, there’s plenty to keep them going,” Lenhoff said.

Among U.S. banking stocks, shares in Citigroup Inc. /quotes/comstock/13*!c/quotes/nls/c (C 4.12, -0.05, -1.15%)  dropped 1% in premarket trading.

Black Friday survival checklist

Crowded stores, long lines and increased online traffic make Black Friday one of the most challenging shopping days of the year.

Friday’s decline came after U.S. markets rallied Wednesday, with the Dow index /quotes/comstock/10w!i:dji/delayed (DJIA 11,103, -84.35, -0.75%)  closing up 1.4% in thin pre-holiday trading following data that showed falling jobless claims and rising consumer confidence.

With no economic data due Friday, retail stocks are likely to be closely watched as investors look for any early snippets of news on retailers’ Black Friday sales.

Shares in Amazon.com Inc. /quotes/comstock/15*!amzn/quotes/nls/amzn (AMZN 177.54, +0.29, +0.16%) , eBay Inc. /quotes/comstock/15*!ebay/quotes/nls/ebay (EBAY 31.24, +0.03, +0.10%)  and Target Corp. /quotes/comstock/13*!tgt/quotes/nls/tgt (TGT 56.93, -0.32, -0.56%)  could all be in focus after rising strongly on Wednesday.

Analysts at Jefferies & Co. gave one early indication on the sales after a midnight trip to an outlet center to asses demand.

“Midnight madness checks showed consumers have come to shop yet again following last year’s strength. Traffic was strong and promos contained for the second year in a row,” the broker said.

Other stocks in focus could include New York Times Co. /quotes/comstock/13*!nyt/quotes/nls/nyt (NYT 9.06, -0.04, -0.44%)  after hedge fund Harbinger Capital cuts its stake in the publisher to 2.6%. In October the fund had said it held 7.4% of the company.

The dollar also rose against the euro as sovereign worries remained. The euro dropped 1% to $1.3213.

Oil and gold futures were also lower as the dollar strengthened.

Asian markets closed lower. Korea’s KOSPI index dropped 1.3% after North Korea reportedly warned that further naval exercises by the U.S. and South Korea will bring the region closer to war.

Simon Kennedy is the City correspondent for MarketWatch in London. Nick Godt is MarketWatch's markets editor, based in New York.

Powered By iWebRSS.com

NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Friday, Nov 26, 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
CPII $14.45 $19.40 34.3% 700
CHTR $34.99 $23.99 (31.4%) 6,000


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 $240208561 $119.06 ( 0.9%) | SPY 2,018,051 $119.06 ( 0.9%)
DLM $33,298,713 $18.77 4.3% | DLM 1,776,471 $18.77 4.3%
AAPL $19,058,369 $313.13 ( 0.6%) | C 1,065,314 $4.13 ( 1.0%)
QQQQ $12,258,143 $52.63 ( 1.0%) | IRE 1,021,789 $1.43 ( 9.5%)
IWM $7,908,016 $73.11 ( 0.9%) | AIB 309,324 $0.89 (12.7%)
GLD $6,956,800 $132.79 ( 1.0%) | QQQQ 232,899 $52.63 ( 1.0%)
BHP $6,049,768 $83.20 ( 2.2%) | SDS 199,598 $26.94 1.9%
SDS $5,363,054 $26.94 1.9% | BAC 123,649 $11.19 ( 0.7%)
EWZ $5,280,467 $74.28 ( 2.3%) | TZA 117,520 $19.64 2.4%
C $4,390,295 $4.13 ( 1.0%) | IWM 108,189 $73.11 ( 0.9%)


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