Obama touts auto bailout success, Michigan worries about trade By Jeff Mason WAYNE, Mich. (Reuters) – President Barack Obama, on a trip to unveil elements of his State of the Union address, took a victory lap in Michigan on Wednesday to tout his support of the auto industry, but concerns about trade policies hung in Read More
Author: Dow Futures
Disappointing US Fed minutes boost $ A The Australian dollar has drifted higher, trading at 80.78 US cent, boosted by poor US data.
* Fed minutes on tap * J.C. Penney climbs in premarket after sales results * Futures up: Dow 132 pts, S&P 16 pts, Nasdaq 25 pts (New throughout) By Rodrigo Campos NEW YORK, Jan 7 (Reuters) – U.S. stocks were set to rise at the open on Wednesday following data that showed the U.S. private Read More
* ADP employment, Fed minutes on tap * J.C. Penney climbs in premarket after sales results * Futures up: Dow 94 pts, S&P 12 pts, Nasdaq 22.5 pts By Chuck Mikolajczak NEW YORK, Jan 7 (Reuters) – Dow Futures rose on Wednesday, putting Wall Street on track to bounce from a five-day slide, ahead of Read More
(Corrects November ADP Payroll figure in second paragraph to revised upwards.) U.S. stock futures rose Wednesday after a weak start to the year that was compounded by sliding oil prices , helped by better-than-expected payrolls figures and in anticipation of further details from the central bank’s monetary policy meeting three weeks ago. This morning, Read More
U.S. stock futures rose Wednesday after a weak start to the year that was compounded by sliding oil prices , helped by better-than-expected payrolls figures and in anticipation of further details from the central bank’s monetary policy meeting three weeks ago. This morning, the ADP estimate for private payroll growth in December was at Read More
November’s trade deficit could have narrowed on the back of collapsing oil prices, forecast Ashworth. Oil prices continued to fall on Wednesday, with the price of Brent crude temporarily dipping below $ 50 per barrel, for the first time since mid-2009. Read MoreBrent dips below $ 50 for first time since May Read More
CHICAGO: US wheat futures rose for the second day in a row on Tuesday on support from the deteriorating condition of the dormant crop and prospects for more damage from Arctic temperatures across key growing areas, traders said. “The hard red winter wheat crop is in Read More
US stock futures were little changed as oil prices dropped below $ 50 per barrel and as investors awaited reports on factory orders and the service sector. West Texas Intermediate crude was at $ 49.19 per barrel, marking the fourth day of losses, after competing producers resisted calls to cut output. “The recent sharp falls Read More
* Futures: Dow up 7 pts, S&P flat, Nasdaq up 1 pt (Updates prices) By Rodrigo Campos NEW YORK, Jan 6 (Reuters) – Dow Futures edged higher on Tuesday following the largest losses on Wall Street since early October and ahead of a large data batch that will show the momentum of the U.S. economy Read More