India suspends all Pakistani imports indefinitely    EGP up against USD at Sunday's close    Egypt-Comoros trade falls in '24    White House to cut NASA budget    Egypt's UHIA launches 1st electronic medical pricing system    Egypt, S. Arabia ink deal to tackle common health challenges    Egypt's c. bank offers EGP 10b T-bonds fixed coupon    Israeli escalation in Gaza amid warnings of humanitarian collapse    Egypt's PM attends Gabon president's inauguration after election win    Egypt's Abdelatty, US Advisor Boulos hold call on Africa, Middle East stability    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Tax revenues surge over 40% without new burdens: ETA chief    Egypt's public-private partnership investments hit EGP 19.8bn in FY 2023/2024: Tahoun Consulting    EU ambassador commends Aswan's public healthcare during official visit    Agricultural Bank of Egypt offers 5-year livestock loans at 5% to support small farmers    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Taiwan GDP surges on tech demand    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Stock Futures Up Ahead Of Dow Chemical, Claims
Published in Amwal Al Ghad on 25 - 04 - 2013

U.S. stock market futures rose ahead of Wall Street's open on Thursday, against a backdrop of mixed global markets, as investors look ahead to earnings from Dow Chemical Co. and Exxon Mobil Corp. and weekly jobless claims data.
Futures for the Dow Jones Industrial Average DJM3 +0.16% rose 37 points, or 0.3%, to 14,652, while those for the Standard & Poor's 500 index SPM3 +0.24% SPM3 +0.24% rose 3.4 points, or 0.2%, to 1,577.50. Futures for the Nasdaq 100 index NDM3 +0.35% rose 9 points, or 0.3%, to 2,833.
Only one item is on the economic calendar for Thursday, weekly jobless claims, and economists polled by MarketWatch are forecasting a total of 352,000, versus 351,000 in the prior week. Economists also advised that Easter holidays could cause a sharper-than-expected rise in the data, as people who apply for new unemployment benefits tend to soar around this time.
“A few weeks ago it looked as though we could be heading for a dip in the labor market in the second quarter, however that appears to have been a blip in the data," said Craig Erlam, market analyst at Alpari. “That being said, if we see a figure close to that again this week, it will just reignite fears of a spring slowdown in the U.S."
“That won't necessarily be bad for the markets though, with traders viewing the slowdown as a sign of prolonged easing from the Fed, rather than a reason to sell," Erlam said in emailed comments.
Wall Street stocks ended Wednesday with a drop for the Dow industrials DJIA -0.29% , which fell 43.16 points, or 0.3%, to end at 14,676.30, while the Standard & Poor's 500 index SPX +0.0006% erased gains during the last few minutes to close largely flat at 1,579.
The blue-chip index was dragged lower by some downbeat results from Procter & Gamble Co. PG -5.88% and AT&T Inc. T -5.03% .
The earnings lineup for Thursday is another busy one. Dow Chemical DOW +1.61% , ConocoPhillips COP +0.83% , Exxon Mobil Corp. XOM +0.15% and Bristol-Meyers Squibb Co.BMY -2.01% BMY -2.01% are all reporting ahead of the bell.Read: Amazon, Starbucks, UPS are stocks to watch
Amazon.com Inc. AMZN -0.04% and Starbucks Corp.SBUX +0.74% are both due to report after the market close.
Shares of Verizon Communications Inc. VZ -0.99% could be in focus on Thursday afterReuters reported the telecom major plans to bid $100 billion in cash and stock to buy out Verizon Wireless, which it jointly owns with Vodafone Group PLC VOD +3.33%UK:VOD +2.23% .
In overseas markets, European stocks struggled amid some downbeat earnings from heavyweights such as Banco Santander SA ES:SAN -4.00% SAN +0.27% and Unilever PLC UK:ULVR -2.07% UL +0.07% .
Asia stocks ended higher, led by Hong Kong as energy producers climbed after oil prices rose.
Gold continued to attract buyers, while oil prices made moderate gains and the British pound rallied in relief after data showed the economy hasn't entered a triple-dip recession as was feared by economists.
Market Watch


Clic here to read the story from its source.