Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

US stock index futures opened higher today ahead of couple of economic releases that include consumer spending and Chicago-area manufacturing data.

Futures for the Dow Jones Industrial Average inched 48 point higher, or 0.18% to 14,865. Those for the S&P 500 index added 1.8 points, or 0.1% to 1,638.20, whole futures for the Nasdaq 100 index climbed 8 points, or 0.26% points to 3,097.50.

All indexes, however, were on track for weekly losses after worries that the U.S. would launch a military intervention in Syria pushed markets lower in the beginning of the week. The month of August for major indices was also looking weak.

Fears of a strike in Syria eased a bit on Thursday, after the U.K. parliament voted against taking action against the country.

Yesterday, U.S. stocks ended higher after data showed economic growth in the second quarter was revised up to 2.5% instead of the initial reading of 1.7%.

In corporate news, General Electric Co. was in the spotlight after The Wall Street Journal said the company plans to spin off its retail lending and credit-card business in an initial public offering as early as next year.

Shares of Salesforce.com Inc. rallied 7.9% in pre-market trade after the business-software firm said it swung to a profit in the second-quarter of the year.

Shares of U.S. oil and gas producer Apache Corp. rose over 5% after striking a deal to sell a 33% stake in its Egypt oil and gas business to China Petroleum & Chemical Corp. for $3.1 billion.

Krispy Kreme said its second-quarter profit sank to $4.7 million, or 7 cents a share, from $4.9 million, or 7 cents a share, a year ago. Excluding one-time items, the doughnut company would have earned 14 cents a share, below the 16 cents a share forecast by analysts in a FactSet survey. The company also projected full-year earnings of 59 cents a share to 63 cents a share, falling short of the 64 cents a share estimate by analysts. Shares of Krispy Kreme slumped over 11% in after-hours trading.

Splunk reported its second-quarter loss deepened to $13.7 million, or 13 cents a share, from a loss of $4.6 million, or 5 cents a share, a year earlier. On an adjusted basis, Splunk would have lost a penny a share, better than the 3-cent loss expected by Wall Street. Shares of the software company rallied more than 5% in after hours trading.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • US stocks positive on first day of Q3US stocks positive on first day of Q3 US stocks climbed on positive ISM manufacturing data. The ISM Manufacturing Index monitors employment, production inventories, new orders and supplier deliveries. The increase of ISM is a indicator of stronger economy and is supposed to lead […]
  • Nokia’s share price down, retires 5000 employees at its India factory amid tax dispute with local authoritiesNokia’s share price down, retires 5000 employees at its India factory amid tax dispute with local authorities Nokia made an official announcement yesterday, saying that about 5000 employees, who work in its Indian factory located in Chennai accepted a voluntary retirement plan when offered. The workers who are to be retired represent about […]
  • China maintains lending rates at record lowsChina maintains lending rates at record lows The People’s Bank of China has kept benchmark lending rates at record low levels at the December fixing, in line with market consensus.The 1-year loan prime rate, a benchmark for the majority of corporate and household loans, was left at […]
  • Exotic Currency Pairs: Support and Resistance Levels for October 24th 2016Exotic Currency Pairs: Support and Resistance Levels for October 24th 2016 USD/SGDR1 – 1.3945 R2 – 1.3950 R3 (Range Resistance - Sell) – 1.3954 R4 (Long Breakout) – 1.3969 R5 (Breakout Target 1) - 1.3985 R6 (Breakout Target 2) - 1.3992S1 – 1.3935 S2 – 1.3930 S3 (Range Support - Buy) – 1.3926 S4 […]
  • Forex Market: USD/CAD daily trading forecastForex Market: USD/CAD daily trading forecast Yesterday’s trade saw USD/CAD within the range of 1.3174-1.3289. The pair closed at 1.3254, down a modest 0.02% on a daily basis. The daily high has been the highest level since September 8th, when a high of 1.3312 was recorded.At 9:32 GMT […]
  • US dollar pared losses against the euro after US dataUS dollar pared losses against the euro after US data The dollar erased earlier losses against the euro on Thursday after official report showed that US jobless claims decreased, meeting expectations.EUR/USD fell to 1.3023 at 12:48 GMT, after which consolidated in the 1.3030-1.3035 range. […]