Paras Madho is a Director of the Market Watch & Corporate Actions, Global Corporate Client Group for NYSE Euronext (NYSE: NYX). In this...
Ahead of the Bell: Dow futures are trading down 24 points and S&P futures are trading down 2 points following the previous trading session's losses, investors are cautiously getting back into equities, after worries about the health of the global economy re-emerged on disappointing economic data from Europe and China. Traders remain concern the financial crisis in Europe could resurface, as the euro zone economy teeters on the brink of a double dip recession.
DJIA down 78.48 pts/-0.60%/13,046.14
S&P down 10.11 pts/-0.72/1,392.78
Nasdaq down 12.00 pts/-0.39/3,063.32
Dow Futures down 24.00 pts/-0.51%
S&P Futures down 1.40 pts/-0.61%
Nasdaq Fut up 2.22 pts/+0.02%
CAC 40 -0.53%
NIKKEI 225 -1.14%
HANG SENG -1.11%
Overseas: World stock markets were down today. European and Asian markets are down, as investors worry about a global economic slowdown.
Economic Reports: Initial Jobless Claims expected to be 325K at 8:30 a.m., FHFA House Price Index expected to be 0.4% and Leading Indicators expected to be 0.6% at 10:00 a.m.
Gold:up $3.10 to $1,649.85
Oil: up $0.22 to $105.57
EUR/USD 1.3241 +0.0042
USD/JPY 82.6445 +0.0185
GBP/USD 1.5841 +0.0021
Volatility Index (VIX): As of the close of business Thursday, March 22, the VIX is up 0.62 at 15.73
Companies Reporting Quarterly Earnings:
Darden (DRI) reports Q3 cont ops EPS $1.25, vs. Est $1.24 and Q3 revenue $2.16B, vs. Est $2.14B. Darden sees FY12 SSS up 2.5%-3.0%.
Camelot Information (CIS) reports Q4 EPS 6c vs. Est 24c in Q4 of 2010 and Q4 revenue $59.7M, vs. Est $55.68M
Today’s Opening and Closing Bells:
Vipshop Holdings Ltd will visit the NYSE to celebrate the company’s IPO. Chairman and CEO Ya Shen (Chairman Shen) joined by members of Vipshop’s senior will ring the opening bell.
Aeropostale, Inc. visit the NYSE to celebrate the company’s 10th Anniversary of listing, CEO Thomas Johnson joined by members of senior management team, will ring the closing bell.
Market Watch and Corporation Actions
(212) 656- 5404
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