Bursa Alert
Global Market
NewsUS Stocks Futures edge up, indexes on track for strong week
Page 1 of 1
US Stocks Futures edge up, indexes on track for strong week
by Cals Sat 11 May 2013, 01:52
US Stocks Futures edge up, indexes on track for strong week
Business & Markets 2013
Written by Reuters
Friday, 10 May 2013 19:43
A + / A - / Reset
NEW YORK (May 10): U.S. stock index futures edged higher on Friday as the market's recent momentum returned, putting equities on track for a strong week that repeatedly took indexes to record highs.
* The S&P 500 ended a five-day streak of record closing highs, while the Dow broke a two-day streak by dipping modestly.
* The length of the recent rally has surprised many, and it may be difficult for the upward momentum to continue without further catalysts, such as first-quarter earnings reports, which are nearing an end.
* Still, investors expect shares to generally trend higher given the Federal Reserve's accommodative monetary environment and some encouraging data on the labor market.
* Boeing Co will be in focus a day after the company said it had succeeded in getting its factories to churn out 787 Dreamliners at a faster pace this week, a change that came sooner than expected and positions the plane maker to possibly deliver more of the high-tech jet than forecast.
* S&P 500 futures rose 3.8 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 64 points and Nasdaq 100 futures rose 6 points.
* For the week, the Dow is up 0.7 percent, the S&P is up 0.8 percent and the Nasdaq is up 0.9 percent. It is the third week of gains for all three.
* Priceline.com Inc late Thursday reported first-quarter earnings that beat expectations, though its second-quarter outlook disappointed.
* Molycorp Inc reported a first-quarter loss that widened from the prior year, though revenue rose sharply.
* With 89 percent of the S&P 500 having reported, 66.7 percent have topped profit expectations, above the average since 1994 of 63 percent. However, only 46.4 percent of companies have beaten revenue expectations, well under the historical average.
* On Thursday, an extended rally for U.S. stocks came to an end as equities dipped slightly in a volatile session and shares of Apple Inc declined.
Business & Markets 2013
Written by Reuters
Friday, 10 May 2013 19:43
A + / A - / Reset
NEW YORK (May 10): U.S. stock index futures edged higher on Friday as the market's recent momentum returned, putting equities on track for a strong week that repeatedly took indexes to record highs.
* The S&P 500 ended a five-day streak of record closing highs, while the Dow broke a two-day streak by dipping modestly.
* The length of the recent rally has surprised many, and it may be difficult for the upward momentum to continue without further catalysts, such as first-quarter earnings reports, which are nearing an end.
* Still, investors expect shares to generally trend higher given the Federal Reserve's accommodative monetary environment and some encouraging data on the labor market.
* Boeing Co will be in focus a day after the company said it had succeeded in getting its factories to churn out 787 Dreamliners at a faster pace this week, a change that came sooner than expected and positions the plane maker to possibly deliver more of the high-tech jet than forecast.
* S&P 500 futures rose 3.8 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 64 points and Nasdaq 100 futures rose 6 points.
* For the week, the Dow is up 0.7 percent, the S&P is up 0.8 percent and the Nasdaq is up 0.9 percent. It is the third week of gains for all three.
* Priceline.com Inc late Thursday reported first-quarter earnings that beat expectations, though its second-quarter outlook disappointed.
* Molycorp Inc reported a first-quarter loss that widened from the prior year, though revenue rose sharply.
* With 89 percent of the S&P 500 having reported, 66.7 percent have topped profit expectations, above the average since 1994 of 63 percent. However, only 46.4 percent of companies have beaten revenue expectations, well under the historical average.
* On Thursday, an extended rally for U.S. stocks came to an end as equities dipped slightly in a volatile session and shares of Apple Inc declined.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» US Stocks Futures edge higher, after two-day decline
» SE Asia Stocks Up; Malaysia strong in week after election
» Highlight China share indexes hit 7-week highs, have biggest weekly gain since June
» KLCI week ahead KLCI expected to track higher next week in line with global rally
» Help on track for strong recovery
» SE Asia Stocks Up; Malaysia strong in week after election
» Highlight China share indexes hit 7-week highs, have biggest weekly gain since June
» KLCI week ahead KLCI expected to track higher next week in line with global rally
» Help on track for strong recovery
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|