Tuesday, December 28, 2010

Indications: U.S. futures point to light gains ahead of data

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

By Barbara Kollmeyer, MarketWatch

MADRID (MarketWatch) â€" U.S. stock futures pointed to a slightly higher start for Wall Street with investors focused on housing-price and consumer-confidence data ahead, but volumes are seen thin with many traders still out for the holidays.

Futures for the Dow Jones Industrial Average rose 19 points, or 0.2%, to 11,522, while those for the S&P 500 rose 2.7 points, or 0.2%, to 1,256. Futures for the Nasdaq 100 rose 4 points to 2,234.

Global Dow

• 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 • Global Economic Calendar NEW • Bond Report | Oil News | Earnings Watch • Currencies | U.S. Economic Calendar

/conga/story/misc/international.html 114961

Economic data will return to the fore on Tuesday, with the release of Case-Shiller home prices for October at 9 a.m. and the Conference Board’s consumer- confidence index for December at 10 a.m. Both times are Eastern.

A survey of economists by MarketWatch is forecasting an increase to 56.9 from a prior 54.1 for the confidence index.

“Things are looking up according to the U.S. consumer as the last couple of spending reports can attest to,” said analysts at Saxo Bank on their website. “The University of Michigan Consumer Confidence Sentiment also supports this notion with rising confidence in each of the last two months of the year.”

The analysts added, though, that both measures had been higher earlier in 2010 when they had temporary peaks at 76.0 and 62.7 for the University of Michigan and Conference Board surveys, respectively.

2010 in Review: Top 5 sports videos

FOXSports.com counts down the top 5 viral sports videos from 2010. Video courtesy of FOXSports.com.

On Monday, the Dow Industrials lost 18 points, while the Nasdaq Composite and the S&P 500 index rose slightly. The session was marked by low volumes due to the holidays and a blizzard that blanketed the northeastern U.S. and dumped 20 inches on New York City.

Shares of AIG /quotes/comstock/13*!aig/quotes/nls/aig (AIG 59.18, -0.20, -0.34%)  could add to gains after hitting a 52-week high on Monday after the insurer secured $4.3 billion in credit facilities.

Alcatel-Lucent SA /quotes/comstock/13*!alu/quotes/nls/alu (ALU 2.89, +0.03, +1.05%)  could be in focus after the Paris telecommunications group agreed to pay $137 million to settle charges by the Securities and Exchange Commission that it paid bribes to win business in certain emerging markets. The Paris shares rose 1.5% on relief the case was now settled.

Retailers may be on the move in the markets. U.S. consumers spent 5.5% more in the 2010 holiday season than they did a year earlier, buying lots of clothes to counter cold December weather and even big-ticket items like jewelry and luxury goods, according to the SpendingPulse division of MasterCard Advisors. The report measures sales excluding cars for the 50 days from Nov. 5 through Dec. 24.

European stocks rose marginally, after losses in the prior session, but volumes were thin with London markets closed for a bank holiday.

In Asia, Japan stocks were weighed by profit-taking, while securities firms fell in China over the view that officials have now entered into a cycle of rate rises after the weekend tightening measures.

Gold futures for February delivery rose $16 to $1,398.90 an ounce, with copper futures for March delivery at one point topping the prior day’s record closing high of $4.280 a pound in New York. Copper was trading at around that record level on Tuesday.

Crude-oil futures rose 38 cents to $91.38 a barrel.

The dollar hit a three-week low against the Japanese yen, prompting Japanese Finance Minister Yoshihiko Noda to complain that recent movements in the yen have been “one-sided,” indicating Japan could again intervene in currency markets.

The dollar last traded down nearly 1% to 81.88 yen. The dollar was off 0.2% against the euro at $1.3264.

Barbara Kollmeyer is an editor for MarketWatch in Madrid.

Powered By iWebRSS.com

NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Tuesday, Dec 28, 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
ABV $153.10 $30.53 (80.1%) 1,100
OXPS $20.42 $16.06 (21.4%) 17,541


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 $11,129,577 $125.90 0.2% | C 1,099,841 $4.79 0.2%
QQQQ $8,826,450 $54.81 0.1% | BAC 476,709 $13.36 0.8%
GLD $6,492,436 $137.11 1.5% | QQQQ 161,000 $54.81 0.1%
BAC $6,374,938 $13.36 0.8% | GM 98,367 $35.35 2.0%
AAPL $5,845,003 $325.75 0.3% | FAZ 89,623 $9.31 ( 0.9%)
C $5,273,597 $4.79 0.2% | SPY 88,389 $125.90 0.2%
IWM $4,953,230 $79.06 0.1% | REE 88,351 $12.68 9.0%
GM $3,478,186 $35.35 2.0% | BPAX 81,736 $1.73 (13.1%)
AIG $2,957,597 $60.65 2.1% | CSCO 69,657 $20.34 0.8%
FXI $1,986,471 $42.13 ( 1.0%) | SHZ 63,164 $4.84 6.1%


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.

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner