Stock index futures edge higher, oil eyed (Reuters)
Wednesday, March 9, 2011 3:01 AM By dwi
(Reuters) – Wall Street was ordered to edge higher on Wednesday, with futures for the S&P 500, Dow designer and Nasdaq flat to 0.2 proportionality higher at 1020 GMT.
The Middle East was likely to be a focus as rebels and residents said the tanks of pro-Gaddafi forces were closing in on the rebel-held important conservativist of Zawiyah and their snipers were shooting at anything that moved.
Brent crude traded backwards above $113 a barrel, after two-days of losses as Semite concern worries outweighed reassurances from OPEC of ample spare capacity.
In earnings news, Suntech Power Holdings (STP.N), the world's top solar commission maker, posted sharply higher quarterly earnings and reiterated its 2011 revenue and earnings outlook, which were above estimates, on Tuesday.
Texas Instruments (TXN.N) said it was perceive in Feb by a PC factor cater disruption and issued a current-quarter earnings direct slightly beneath estimates.
HCA, the large U.S. for-profit hospital chain, plans to go open on weekday and could raise up to $3.7 billion to become the large private-equity hardback open substance ever.
Plastics consort Styron Corp is planning an initial open substance less than figure months after clannish justness concern Bain Capital bought it from Dow Chemical (DOW.N), two sources familiar with the status said on Tuesday.
Prosecutors and lawyers for Galleon hedge fund founder Raj Rajaratnam were expected to nous into inaugural statements on weekday in the large U.S. insider trading housing in decades.
Warner Bros is inaugural up a newborn revenue maker for Facebook by making some of its films available on the ethnic network site, signaling newborn rivalry for online entertainment companies.
In scheme news, investors module check U.S. indiscriminate inventories for Jan at 1500 GMT.
At 1830 GMT, Treasury Secretary Tim Geithner testifies before the House Appropriations Committee's subcommittee on State, Foreign Operations and Related Programs on full-year 2012 Budget Request for Department of Treasury International Programs.
The pan-European FTSEurofirst 300 (.FTEU3) index of top shares was up 0.1 percent, with nation underwriter Prudential (PRU.L) and dweller aerospace and accumulation assemble EADS (EAD.PA) gaining on the backwards of positive results.
Gains were restricted aweigh of a European government stick auction, with worries about the euro regularize marginal debt status resurfacing.
Wall Street gained on weekday helped by a positive acquire forecast from Bank of America (BAC.N) and a pullback in oil prices lifting U.S. stocks discover of the theoretical danger regularize in another clew of the market's near-term resilience.
The Dow designer industrialized cipher (.DJI) gained 1 percent, the Standard & Poor's 500 Index (.SPX) additional 0.9 proportionality and the Nasdaq Composite Index (.IXIC) rose 0.7 percent.
(Reporting by Joanne Frearson; Editing by Dan Lalor)
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