Posted On: 05/03/2012 7:44:06 AM
Post# of 102729
U.S. stock futures up ahead of results, data
MADRID (MarketWatch) — U.S. stock-market futures traded slightly higher on Thursday as investors awaited earnings from General Motors Co. and others, data such as weekly jobless claims and the outcome of a European Central Bank meeting.
Futures for the Dow Jones Industrial Average (CBOT
JM2) were up 20 points at 13,224.
S&P 500 Index futures (GLC:SPM2) rose 3 points to 1,400.50, while Nasdaq 100 futures (GLC:NDM2) rose 6.5 points to 2,734.
“The market remains indifferent to the macro and Euro worries building on solid technical fundamentals,” said Peter Cardillo, chief market economist at Rockwell Global Capital, in e-mailed comments.
“We look for another day of sideways trading ahead of tomorrow’s labor report, We believe the economy added 169,000 new jobs with unemployment holding steady at 8.2%.”
At 8:30 a.m. Eastern, U.S. weekly jobless claims and first-quarter productivity will be released. At 10 a.m. Eastern, the ISM non-manufacturing purchasing-managers index will be reported.
http://www.marketwatch.com/story/us-stock-fut...beforebell
MADRID (MarketWatch) — U.S. stock-market futures traded slightly higher on Thursday as investors awaited earnings from General Motors Co. and others, data such as weekly jobless claims and the outcome of a European Central Bank meeting.
Futures for the Dow Jones Industrial Average (CBOT
JM2) were up 20 points at 13,224. S&P 500 Index futures (GLC:SPM2) rose 3 points to 1,400.50, while Nasdaq 100 futures (GLC:NDM2) rose 6.5 points to 2,734.
“The market remains indifferent to the macro and Euro worries building on solid technical fundamentals,” said Peter Cardillo, chief market economist at Rockwell Global Capital, in e-mailed comments.
“We look for another day of sideways trading ahead of tomorrow’s labor report, We believe the economy added 169,000 new jobs with unemployment holding steady at 8.2%.”
At 8:30 a.m. Eastern, U.S. weekly jobless claims and first-quarter productivity will be released. At 10 a.m. Eastern, the ISM non-manufacturing purchasing-managers index will be reported.
http://www.marketwatch.com/story/us-stock-fut...beforebell
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