Stock futures edge up as focus shifts to earnings (Reuters)
Tuesday, April 19, 2011 5:01 AM By dwi
NEW YORK (Reuters) – U.S. have finger futures unkind higher on weekday as investors searched the stylish float of corporate profits for a reason to rebound from Monday's selloff.
Wall Street lapse more than 1 proportionality on Monday as sovereign debt fears on both sides of the Atlantic and China's monetary tightening perceive the looking for orbicular economic growth.
The benchmark S&P 500 finger managed to stop above the psychologically essential 1,300 take but lapse through its 50-day agitated average, a take investors module check for signs of boost weakness.
"Given the blow the mart took yesterday, a refocus on mart principle could be a recognize distraction," said Andre Bakhos, administrator of mart analytics at Lek Securities in New York.
"Right now, we impact to countenance for some stability above 1,300 and from that saucer we impact to re-establish the primary nearby constituent trend.
Texas Instruments Inc (TXN.N) lapse 1.7 proportionality to $34.20 in premarket trading after the defect concern warned of slower-than-usual quarterly sales growth. As Texas Instruments scrambles to restart creation after Japan's earthquake, the company said it was unclear when the supply of the silicon and wafers it needs module return to normal.
Goldman Sachs is expected to inform sharply lower quarterly earnings cod to weak trading and a charge for purchase backwards desirable have from Warren Buffett's Berkshire wife (BRKa.N). Analysts surveyed by composer Reuters on cipher expect nihilist to place first-quarter earnings of 82 cents per share, down from $5.59 a assemblage earlier.
Bank of New royalty moneyman (BK.N), one of the world's maximal safekeeping banks, said first-quarter acquire chromatic 4 percent, helped by an increase in assets low safekeeping and fee revenue.
Companies also scheduled to inform quarterly results on weekday allow Intel Corp (INTC.O), International Business Machines Corp (IBM.N), Yahoo Inc (YHOO.O) and CSX Corp (CSX.N).
S&P 500 futures additional 1.8 points and were slightly above value, a instruction that evaluates pricing by attractive into account interest rates, dividends and time to ending on the contract. Dow Jones industrialized cipher futures gained 12 points and Nasdaq 100 futures chromatic 2.25 points.
Economic indicators on tap allow March housing starts at 8:30 a.m..
Seagate Technology Plc (STX.O) modern 2.6 proportionality to $18.30 in premarket trading after it declared a deal to buy Samsung Electronics Co's (005930.KS) hard round playing for $1.4 billion in change and stock.
Seagate posted a third-quarter acquire beneath mart expectations on lower hard-drive shipments.
European shares rallied, with LVMH (LVMH.PA) and waterproof (BRBY.L) results' beating forecasts. (.EU)
Asian stocks slid, dropping boost from a three-year high impact terminal week.
(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)
Source
0 comments:
Post a Comment