Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egyptian-Algerian expert meetings held ahead of joint higher committee session    Al-Sisi directs acceleration of New Delta project, expanded land reclamation    Egypt's PM arrives in Angola for AU–EU Summit, holds talks with Croatian counterpart    Al-Sisi's categorical refusal halted Israeli proposal to move Gaza civilians into Sinai, former Mossad chief writes    US intensifies pressure on Venezuela as Trump administration labels 'Cartel of the Suns' a terrorist organisation    EGX closes mostly red on 24 Nov.    SCZONE attracts $21.1b in 10 years    Cairo to host 1st Egyptian–African Economic Conference to advance trade, investment, integration    Oil price hold near lows on Monday    Egypt, Qatar discuss expanding health cooperation, Gaza support    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Health minister opens upgraded emergency units, inspects major infrastructure projects    Egypt concludes first D-8 health ministers' meeting with consensus on four priority areas    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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.