Indications: U.S. stock futures point higher; Disney may fall

Discussion in 'The Water Cooler' started by cybercore, May 11, 2011.

  1. cybercore

    cybercore New Member

    Jul 7, 2009
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    LONDON (MarketWatch) — U.S. stock futures pointed slightly higher Wednesday following three straight days of gains, as gold and silver futures continued to rebound from the previous week’s heavy losses.

    Futures on the Dow Jones Industrial Average DJM11 +0.15% rose 19 points to 12,719 and
    Standard & Poor’s 500 Index futures SPM11 +0.19% climbed 2.20 points to 1,356.

    Futures on the Nasdaq 100 NDM11 +0.05% were up 1.25 points at 2,410.5.

    The moves came after Microsoft Corp.’s MSFT -0.62% $8.5 billion deal for Skype helped bolster sentiment on Tuesday and pushed U.S. markets to their third straight day of gains. The Dow Jones Industrial Average DJIA +0.60% closed up nearly 76 points.

    The economic calendar for Wednesday includes the release of March trade-balance figures at 8:30 a.m. Eastern time. Economists polled by MarketWatch are expecting the deficit to widen to $47 billion from $45.8 billion in February.

    The dollar was broadly steady ahead of the data, with the dollar index DXY -0.05% down less than 0.1% at 74.51.

    #1 cybercore, May 11, 2011
    Last edited: May 11, 2011

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