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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 11 April 2013 [View all]xchrom
(108,903 posts)10. U.S. Stock Futures Little Changed as Jobless Claims Fall
http://www.bloomberg.com/news/2013-04-11/u-s-stock-index-futures-rise-s-p-500-may-extend-record.html
U.S. stock futures were little changed, after the Standard & Poors 500 Index rallied to a record yesterday, as data showed applications for employment benefits fell more than forecast last week.
Bed Bath & Beyond Inc. climbed 2.6 percent after forecasting an increase in first-quarter sales. Microsoft Corp. (MSFT) fell 3.5 percent after Goldman Sachs Group Inc. downgraded the shares. Yum! Brands Inc. (YUM) slid 2.5 percent after sales in China declined. Fortinet Inc. plunged 18 percent as the provider of computer-network security reported results that missed some analyst estimates.
Futures on the S&P 500 expiring in June increased less than 0.1 percent to 1,583.2 at 8:58 a.m. in New York. Contracts on the Dow Jones Industrial Average added 9 points, or 0.1 percent, to 14,742 today.
The S&P 500 surged 1.2 percent yesterday, gaining for a third day, as Chinas imports grew, Japan reiterated its stimulus plans and investors speculated earnings will beat estimates. The benchmark index has rallied 2.2 percent so far this week. It has more than doubled from its 12-year low in March 2009, helped by the Federal Reserves unprecedented bond purchases and three straight years of profit growth.
U.S. stock futures were little changed, after the Standard & Poors 500 Index rallied to a record yesterday, as data showed applications for employment benefits fell more than forecast last week.
Bed Bath & Beyond Inc. climbed 2.6 percent after forecasting an increase in first-quarter sales. Microsoft Corp. (MSFT) fell 3.5 percent after Goldman Sachs Group Inc. downgraded the shares. Yum! Brands Inc. (YUM) slid 2.5 percent after sales in China declined. Fortinet Inc. plunged 18 percent as the provider of computer-network security reported results that missed some analyst estimates.
Futures on the S&P 500 expiring in June increased less than 0.1 percent to 1,583.2 at 8:58 a.m. in New York. Contracts on the Dow Jones Industrial Average added 9 points, or 0.1 percent, to 14,742 today.
The S&P 500 surged 1.2 percent yesterday, gaining for a third day, as Chinas imports grew, Japan reiterated its stimulus plans and investors speculated earnings will beat estimates. The benchmark index has rallied 2.2 percent so far this week. It has more than doubled from its 12-year low in March 2009, helped by the Federal Reserves unprecedented bond purchases and three straight years of profit growth.
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Tansy, Chain of Fools? and no Aretha? blasphemy (K & R anyway, musical interlude provided below)
mother earth
Apr 2013
#33