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 27 points and S&P futures are trading down 4 points. Greece's inability to reach a deal with its political leaders, and lack luster earnings from a few European companies are weighing on financial markets. The EU has increased pressure on Greece to accept tougher fiscal policies, but investors are concerned if Greece is unable to agree to the stricter austerity measures, it might trigger contagion across the euro zone.
DJIA down 17.10 pts/-0.13%/12,845.13
S&P down 0.57 pts/-0.04/1,344.33
Nasdaq down 3.67 pts/-0.13/2,901.99
Dow Futures down 27.00 pts/-0.21%
S&P Futures down 4.40 pts/-0.42%
Nasdaq Fut down 10.58 pts/-0.25%
CAC 40 -0.63%
NIKKEI 225 -0.13%
HANG SENG -0.05%
Overseas: World stock markets were down today. European and Asian markets are down after Greece was unable to reach a deal with private bond holders on a debt swap.
Economic Reports: Consumer Credit expected to be $7.0 B at 3:00 p.m.
Gold:down $7.10 to $1,717.85
Oil: down 0.71 to $96.20
EUR/USD 1.3122 -0.0002
USD/JPY 76.7665 -0.1900
GBP/USD 1.5815 -0.0005
Volatility Index (VIX): As of the close of business Monday, February 6, the VIX is up 0.66 at 17.76
Companies Reporting Quarterly Earnings:
Coca-Cola (KO): Q4 EPS of $0.79 beats by $0.01. Revenue of $11B (+5% Y/Y) in-line.
Scotts Company (SMG): FQ1 EPS of -$1.18 beats by $0.04. Revenue of $211.2M (-8.3% Y/Y) beats by $6M.
NewJersey Resources (NJR): FQ1 EPS of $1.09 beats by $0.36. Revenue of $642.4M (-9.9% Y/Y) misses by $100M.
Mueller Industries (MLI): Q4 EPS of $0.34 in-line. Revenue of $491.4M (-6.7% Y/Y) misses by $56M.
DST Systems (DST): Q4 EPS of $1.05 beats by $0.09. Revenue of $457.3M (+7.6% Y/Y) beats by $21M.
Gartner (IT): Q4 EPS of $0.46 misses by $0.01. Revenue of $427.7M (+11.9% Y/Y) in-line.
Burlington Resources (BR): FQ2 EPS of $0.12 beats by $0.01. Revenue of $480M (+8.5% Y/Y) misses by $18M.
Church & Dwight Company (CHD): Q4 EPS of $0.53 beats by $0.02. Revenue of $731.1M (+11.3% Y/Y) beats by $37M.
Today’s Opening and Closing Bells:
Post Holdings Celebrates Successful Spinoff from Ralcorp Holdings, Inc. CEO William Stiritz will ring the opening bell.
Church & Dwight Visits the New York Stock Exchange for Analyst Meeting Chairman and CEO James Craigie will ring the closing bell.