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 44 points and S&P futures are trading down 5 points. Equity markets are looking to extended recent losses as investors take profits and get used to the idea that central banks around the world will not provide further stimulus. Spain's debt problems also continue to be in focus while reports out of China indicate the service industry expanded more than forecasted and business confidence rose to an 11-month high.
DJIA down 124.80 pts/-0.95%/13,074.75
S&P down 14.42 pts/-1.02/1,398.96
Nasdaq down 45.48 pts/-1.46/3,068.09
Dow Futures down 44.00 pts/-0.37%
S&P Futures down 5.40 pts/-0.35%
Nasdaq Fut down 5.22 pts/0.26%
CAC 40 -0.34%
NIKKEI 225 -0.53%
HANG SENG -0.95%
Overseas: World stock markets were down today. European and Asian markets are down after investors are worried central banks around the world will not provide further stimulus to the global economy.
Economic Reports: Initial Jobless Claims expected to be 360K at 8:30 a.m.
Gold:up $3.10 to $1,623.85
Oil: up 0.37 to $101.84
EUR/USD 1.3074 -0.0066
USD/JPY 81.8576 -0.5925
GBP/USD 1.5830 -0.0061
Volatility Index (VIX): As of the close of business Wednesday, April 4, the VIX is up 0.78 at 16.44
Companies Reporting Quarterly Earnings:
Pier 1 Imports reports Q4 EPS 48c, vs. Est 48c and Q4 revenue $476.76M, vs. Est $472.09M.
SemiLEDs reports Q2 EPS (22c), vs. Est (25c) and Q2 revenue $7.9M, vs. Est $7.41M.
Today’s Opening and Closing Bells:
Kaman Corporation to celebrate the company’s recent transfer to the NYSE on Feb. 7, 2012. Neal Keating, CEO, accompanied by company executives will ring the opening bell.
J.P. Morgan’s ADR team will visit the NYSE. J.P. Morgan pioneered the depositary receipts market over 85 years ago, introducing the first-ever DR in 1927 will ring the closing bell.
Market Watch and Corporation Actions
(212) 656- 5404
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