Paras Madho is a Director of the Market Watch & Corporate Actions, Global Corporate Client Group for NYSE Euronext (NYSE: NYX). In this...
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Ahead of the Bell: Dow futures are trading down 98 points and S&P futures are trading down 15.00 points ahead of the meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy, and after a disappointing report showing that growth in Germany has slowed to a seasonally adjusted 0.1% in the second quarter. Investors will also be looking to earnings from retailers today, including Dick’s Sporting Goods, Home Depot, Saks, TJX Cos., and Wal-Mart.
DJIA up 213.88 pts/+1.90%/11,482.90
S&P up 25.68 pts/+2.18%/1,204.49
Nasdaq up 47.22 pts/+1.88%/2,555.20
Dow Futures down 98 pts/-0.87%
S&P Futures down 15.00 pts/-1.25%
Nasdaq Fut down 26.25 pts/-1.20%
CAC 40 -1.44%
NIKKEI 225 +0.23%
HANG SENG -0.24%
Overseas: World stock markets were lower today because Germany reported the slowest seasonally adjusted growth since 2009.
Economic Reports: Housing Starts (expected to be 600k), Import Prices (expected to be -0.1%) and Export Prices at 8:30 am.
Gold:up $21.70 to $1,779.70
Oil:down $1.21 to $86.93
EUR/USD 1.4363 -0.0080
USD/JPY 76.71 -0.13
GBP/USD 1.63074 +0.0074
Volatility Index (VIX): As of the close of business Monday, August 15, the VIX is down 4.56 to 31.78
Companies Reporting Quarterly Earnings:
Agilent Technologies (A):FQ3 EPS of $0.77 beats by $0.04. Revenue of $1.69B in-line
Home Depot (HD):Q2 EPS of $0.86 beats by $0.04. Revenue of $20.2B beats by $240M
Wal-Mart (WMT):Q2 EPS of $1.09 beats by $0.01. Revenue of $109.37B beats by $0.88B.
Dick's Sporting Goods (DKS):Q2 EPS of $0.52 beats by $0.02. Revenue of $1.31B misses by $10M
Today’s Opening and Closing Bells:
Rare Element Resources Ltd. (NYSE Amex-Listed REE), a mineral resource company focused on exploration and development of rare-earth elements and gold, visits the NYSE to mark the company’s first anniversary of its dual listing on NYSE Amex and the Toronto Stock Exchange (NYSE Amex: REE, TSE: RES).In honor of the occasion, President and CEO Donald Ranta rings The Opening BellSM.
Kodiak Oil & Gas Corp visits the NYSE.In honor of the transfer from NYSE Amex, representatives from the company will ring The Closing BellSM.