Economy
In reply to the discussion: STOCK MARKET WATCH - Wednesday, 1 February 2012 [View all]Ghost Dog
(16,881 posts)WASHINGTON (dpa-AFX) - U.S. stock futures are rallying on Wednesday, as the focus shifted to some positive global data points. Developments on the eurozone debt crisis have been encouraging after the much feared Portugal bill auction results proved fairly encouraging and hopes concerning a Greek-PSI deal strengthened. Domestic earnings have been mixed. Traders may also focus on the ADP's private sector employment report and a domestic national manufacturing reading. As of 6:30 am ET, the Dow futures are rising 93 points, the S&P 500 futures adding 9.60 points and the Nasdaq 100 futures up 13.50 points...
... Also, Philadelphia Federal Reserve Bank President Charles Plosser is due to speak to the Main Line Chamber of Commerce on the economic outlook, in Philadelphia at 8:30 am ET.
In corporate news, Amazon (AMZN) said its fourth quarter earnings exceeded estimates despite declining from the year-ago period. Net sales fell 35 percent and trailed estimates. The company issued first quarter sales guidance range, which at best will meet estimates...
/... http://www.finanznachrichten.de/nachrichten-2012-02/22592464-wall-street-vibrant-on-global-economic-recovery-hopes-020.htm