MarketWatch.com - Pre-Market Indications

Tuesday, December 14, 2010

Indications: U.S. futures edge up along with retail sales

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By Barbara Kollmeyer and Kate Gibson, MarketWatch

NEW YORK (MarketWatch) â€" U.S. stock futures were mildly higher on Tuesday after economic reports had retail sales and producer prices rising a bit more than expected in November.

Futures for the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,430, +64.00, +0.56%)  rose 16 points to 11,382, and S&P 500 index futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,240, +4.20, +0.34%)  gained 2.3 points to 1,238.5.

Richard Holbrooke remembered

The U.S. envoy to Afghanistan and Pakistan dies following emergency heart surgery.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\h11 (NDH11 2,218, +7.00, +0.32%)  added 2.50 points to 2,213.

The Commerce Department reported U.S. retail sales increased 0.8% in November, up for a fifth consecutive month.

“The question though that today’s figures don’t answer is at what margin the sales were made in the context of a highly promotional environment,” noted Peter Boockvar, equity strategist at Miller Tabak.

And, the Labor Department said U.S. wholesale costs also climbed in November, up 0.8%.

Shares of Best Buy Co. Inc. /quotes/comstock/13*!bby/quotes/nls/bby (BBY 35.38, -6.32, -15.16%)  were off 13% in premarket trade after the retailer reported disappointing quarterly sales.

Investors were also waiting on a decision on monetary policy from the U.S. Federal Open Market Committee due at 2:15 p.m. Eastern time.

“On the surface, nothing should really change dramatically because we’ve already had the decision on QE2 [a second round of quantitative easing], but at the same time, you need to be sensitive to any shifts in the language of the accompanying statement,” said Joel Kruger, currency strategist with Daily FX.

“Any sort of optimism suggesting that economic conditions are improving will have an impact on the market ... in favor of the U.S. dollar,” said Kruger. “That would probably weigh on equities.”

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

Data on October business inventories are also due, at 10 a.m. Eastern.

U.S. stocks narrowed gains into the close Monday as markets kept a close watch on a tax-cut vote that eventually cleared a key Senate hurdle. Those gains were underpinned by relief after China refrained from raising interest rates despite strong inflation data.

On Monday, the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 11,494, +65.77, +0.58%)  closed up 0.2%, while the Nasdaq /quotes/comstock/10y!i:comp (COMP 2,634, +9.55, +0.36%)  fell 0.5%.

On the corporate front, shares of Amgen Inc. /quotes/comstock/15*!amgn/quotes/nls/amgn (AMGN 55.88, +1.77, +3.28%)  gained 3% in premarket trading. The biotechnology firm said late Monday that a study of its bone drug Xgeva showed it helped prostate-cancer patients live longer without the disease spreading to their bones.

Shares of drug giant Pfizer Inc. /quotes/comstock/13*!pfe/quotes/nls/pfe (PFE 17.22, +0.03, +0.17%)  may see active trade Tuesday after the company raised its first-quarter dividend by about 11% to 20 cents a share.

Real-estate investment trust HCP Inc. /quotes/comstock/13*!hcp/quotes/nls/hcp (HCP 33.75, +1.23, +3.78%)  said it will buy all of the real-estate assets of privately owned nursing-home operator HCR ManorCare Inc. for $6.1 billion in a cash-and-stock deal.

European stocks traded mostly lower after six consecutive sessions of gains. Read more about Europe Markets.

In Asia, stocks advanced, with South Korean shares posting their highest close in more than three years. Read more about Asia Markets.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 79.32, +0.03, +0.04%) , which tracks the performance of the greenback against a basket of other major currencies, edged slightly lower to 79.235.

January crude-oil futures fell 39 cents to $88.22 a barrel, while gold futures dropped below the $1,400-an-ounce mark. Gold for February delivery slipped $1.90 to $1,396.10 an ounce.

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

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Indications: U.S. futures edge up ahead of data, Fed

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Barbara Kollmeyer, MarketWatch

MADRID (MarketWatch) â€" U.S. stock futures were trading slightly higher Tuesday, as investors awaited key retail-sales data and a decision on monetary policy from the U.S. Federal Open Market Committee.

Futures for the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,379, +13.00, +0.11%)  rose 19 points to 11,385, and S&P 500 index futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,238, +1.60, +0.13%)  gained 2 points to 1,238.20.

Richard Holbrooke remembered

The U.S. envoy to Afghanistan and Pakistan dies following emergency heart surgery.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\h11 (NDH11 2,213, +2.00, +0.09%)  added 3.50 points to 2,214.

Investors headed to the sidelines before the FOMC’s policy decision, due at 2:15 p.m. Eastern time.

“On the surface, nothing should really change dramatically because we’ve already had the decision on QE2 [a second round of quantitative easing], but at the same time, you need to be sensitive to any shifts in the language of the accompanying statement,” said Joel Kruger, currency strategist with Daily FX.

“Any sort of optimism suggesting that economic conditions are improving will have an impact on the market ... in favor of the U.S. dollar,” said Kruger. “That would probably weigh on equities.”

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

Economic data will also take the spotlight, with November retail sales and producer prices expected at 8:30 a.m. Eastern and October business inventories due at 10 a.m. Eastern.

Investors will likely focus on retail-sales data, with a consensus of economists surveyed by MarketWatch expecting a 0.6% increase for the month, compared with a 1.2% rise in October.

U.S. stocks narrowed gains into the close Monday as markets kept a close watch on a tax-cut vote that eventually cleared a key Senate hurdle. Those gains were underpinned by relief after China refrained from raising interest rates despite strong inflation data.

On Monday, the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 11,429, +18.24, +0.16%)  closed up 0.2%, while the Nasdaq /quotes/comstock/10y!i:comp (COMP 2,625, -12.63, -0.48%)  fell 0.5%.

On the corporate front, shares of Amgen Inc. /quotes/comstock/15*!amgn/quotes/nls/amgn (AMGN 54.11, +0.22, +0.40%)  rallied nearly 9% in premarket trading. The biotechnology firm said late Monday that a study of its bone drug Xgeva showed it helped prostate-cancer patients live longer without the disease spreading to their bones.

Shares of drug giant Pfizer Inc. /quotes/comstock/13*!pfe/quotes/nls/pfe (PFE 17.19, +0.17, +1.00%)  may see active trade Tuesday after the company raised its first-quarter dividend by about 11% to 20 cents a share.

Best Buy Co. Inc. /quotes/comstock/13*!bby/quotes/nls/bby (BBY 41.70, -0.10, -0.24%)  is due to release quarterly results before the market open.

Real-estate investment trust HCP Inc. /quotes/comstock/13*!hcp/quotes/nls/hcp (HCP 32.52, +0.16, +0.49%)  said it will buy all of the real-estate assets of privately owned nursing-home operator HCR ManorCare Inc. for $6.1 billion in a cash-and-stock deal.

European stocks traded mostly lower after six consecutive sessions of gains. Read more about Europe Markets.

In Asia, stocks advanced, with South Korean shares posting their highest close in more than three years. Read more about Asia Markets.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 79.13, -0.15, -0.19%) , which tracks the performance of the greenback against a basket of other major currencies, dropped 0.4% to 78.958.

January crude-oil futures rose 8 cents to $88.69 a barrel, while gold futures stayed above the $1,400 mark. Gold for February delivery rose $8.30 to $1,406.30 an ounce.

Barbara Kollmeyer is an editor for MarketWatch in Madrid.

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NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Tuesday, Dec 14, 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 Monday's Close Current Price Pct Change Current NYSE ARCA Vol
GXDX $17.97 $21.00 16.9% 9,050
GLTR $85.48 $99.00 15.8% 410


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 $151131059 $124.68 0.1% | HBAN 4,927,994 $6.59 ( 1.1%)
BBY $44,436,111 $36.99 (11.3%) | C 2,514,333 $4.80 ( 0.0%)
GLD $34,567,543 $137.10 0.8% | SPY 1,211,250 $124.68 0.1%
HBAN $32,463,567 $6.59 ( 1.1%) | BBY 1,177,469 $36.99 (11.3%)
AAPL $24,795,261 $320.80 ( 0.3%) | QQQQ 411,706 $54.36 0.1%
QQQQ $22,394,128 $54.36 0.1% | BAC 373,964 $12.52 ( 0.1%)
AMGN $17,346,654 $56.79 5.1% | BP 360,350 $44.76 3.0%
BP $16,039,656 $44.76 3.0% | AMGN 299,146 $56.79 5.1%
C $12,081,949 $4.80 ( 0.0%) | DX 287,200 $10.59 ( 1.6%)
SDS $6,844,410 $24.49 ( 0.2%) | SDS 279,650 $24.49 ( 0.2%)


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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NYSE ARCA DISCLAIMS ALL WARRANTIES INCLUDING THE IMPLIED WARRANTIES OF MERCHANTIBILITY, TITLE, AND FITNESS FOR A PARTICULAR PURPOSE AS TO THIS MATERIAL.
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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.

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