MarketWatch.com - Pre-Market Indications

Monday, January 24, 2011

Indications: U.S. futures edge up as McDonald’s matches

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By Polya Lesova and Kate Gibson, MarketWatch

NEW YORK (MarketWatch) â€" U.S. stock futures edged up Monday, the start of a heavy earnings week, as results from McDonald’s Corp. matched Wall Street’s expectations.

Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\h11 (DJH11 11,930, +108.00, +0.91%)  gained 11 points to 11,833, and S&P 500 futures /quotes/comstock/21m!f:sp\h11 (SPH11 1,287, +7.60, +0.59%)  were up 2.1 points to 1,281.80.

Shares of fast-food giant McDonald’s /quotes/comstock/13*!mcd/quotes/nls/mcd (MCD 75.42, +0.41, +0.55%)   slipped 1% after the Dow component reported fourth-quarter revenue in line with expectations.

Nasdaq 100 futures /quotes/comstock/21m!f:nd\h11 (NDH11 2,299, +29.50, +1.30%)  added 3 points to 2,272.

On Friday, the blue-chip Dow index /quotes/comstock/10w!i:dji/delayed (DJIA 11,956, +84.42, +0.71%)  ended up 0.4%, gaining 0.7% for the week and finishing higher for the eighth week in a row.

No major economic data were scheduled for release Monday, so the spotlight will fall on a string of high-profile quarterly reports.

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“With the lack of economic data, a lot of trading will be around technicals today,” said Christian Tegllund Blaabjerg, chief equity strategist at Saxo Bank.

A break below the 10-day moving average for the S&P 500 index /quotes/comstock/21z!i1:in\x (SPX 1,289, +6.03, +0.47%)  could trigger profit-taking, he said.

“In order for this [market] trend to keep going higher, we need some solid earnings,” Blaabjerg added.

Oilfield-services group Halliburton Co. /quotes/comstock/13*!hal/quotes/nls/hal (HAL 39.67, +0.48, +1.22%)  reported sharp increases in fourth-quarter profit and revenue from the year-earlier period. Shares of Halliburton gained 1% in premarket trading.

After the market closes, credit-card firm American Express Co. /quotes/comstock/13*!axp/quotes/nls/axp (AXP 45.77, -0.23, -0.50%)  and semiconductor company Texas Instruments Inc. /quotes/comstock/13*!txn/quotes/nls/txn (TXN 34.37, +0.46, +1.36%)  will release their results.

Transportation firm CSX Corp. /quotes/comstock/13*!csx/quotes/nls/csx (CSX 67.54, -0.10, -0.15%)  is also due to report quarterly results.

In premarket trading, U.S.-listed shares of Royal Philips Electronics /quotes/comstock/13*!phg/quotes/nls/phg (PHG 31.74, -1.70, -5.08%)   /quotes/comstock/24s!e:phia (NL:PHIA 23.23, -1.34, -5.45%)  slumped after the Dutch electronics group reported quarterly profit that missed market expectations.

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Rock Tenn Co. /quotes/comstock/13*!rkt/quotes/nls/rkt (RKT 59.13, +1.95, +3.41%)  said it will buy packaging firm Smurfit Stone Container Corp. /quotes/comstock/13*!sscc/quotes/nls/sscc (SSCC 34.92, +7.40, +26.89%)  in a deal worth about $3.5 billion.

Pharmaceutical major Sanofi-Aventis SA /quotes/comstock/13*!sny/quotes/nls/sny (SNY 34.62, +0.09, +0.26%)   /quotes/comstock/24s!e:san (FR:SAN 50.98, +0.11, +0.22%)  said it has extended its offer for Genzyme Corp. /quotes/comstock/15*!genz/quotes/nls/genz (GENZ 71.36, -0.22, -0.31%)  until Feb. 15. All other terms and conditions of the $69-a-share offer remain unchanged.

Department-store operator J.C. Penney Co. /quotes/comstock/13*!jcp/quotes/nls/jcp (JCP 32.35, +2.01, +6.62%)  announced restructuring measures that include closing several stores.

In Asia, Japan’s Nikkei Stock Average gained 0.7%, while China’s Shanghai Composite index slipped 0.7% as concerns about further policy tightening continued to weigh on the market.

European equities were mostly lower, with the Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:STOXX600 281.99, +0.73, +0.26%)  falling 0.2% in intraday trading.

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

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NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Monday, Jan 24, 2011 :

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 Friday's Close Current Price Pct Change Current NYSE ARCA Vol
CLDA $15.02 $22.30 48.5% 566,404
SSCC $27.50 $35.39 28.7% 333,791
GXDX $19.76 $24.88 25.9% 1,091,368
OCCF $3.70 $4.40 18.9% 1,200


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
SI $73,021,232 $123.27 0.9% | C 1,823,840 $4.89 0.3%
SPY $71,488,269 $128.47 0.1% | GXDX 1,091,368 $24.88 25.9%
GXDX $27,121,463 $24.88 25.9% | SI 593,805 $123.27 0.9%
GLD $18,019,185 $131.63 0.5% | CLDA 566,404 $22.30 48.5%
AAPL $14,459,819 $327.61 0.3% | SPY 556,724 $128.47 0.1%
MCD $12,990,730 $73.74 ( 1.7%) | SSCC 333,791 $35.39 28.7%
CLDA $12,227,918 $22.30 48.5% | BAC 304,918 $14.31 0.4%
SSCC $11,428,550 $35.39 28.7% | BCON 295,300 $0.36 14.7%
EWZ $9,512,169 $75.43 0.5% | AIB 250,968 $0.76 ( 5.2%)
C $8,922,925 $4.89 0.3% | MCD 174,267 $73.74 ( 1.7%)


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.
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Copyright [2011] by NYSE Euronext. All rights reserved. Reproduction and redistribution prohibited without prior express consent.

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