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 up 90 points and S&P futures are trading up 11 points following the worst trading day for the equity markets of the year so far. Stocks are looking to rebound after Alcoa reported better than expected first quarter results, thanks in part to strong orders from automobile and aircraft manufacturers for aluminum materials. Separately, CNBC is reporting an 8.8 magnitude earthquake struck off the coast of Indonesia today. A Tsunami watch is in effect for the entire Indian ocean including Thailand, Indonesia, Sri Lanka, and India.
DJIA down 213.66 pts/-1.65%/12,715.93
S&P down 23.61 pts/-1.71/1,358.59
Nasdaq down 55.86 pts/-1.83/2,991.22
Dow Futures up 90.00 pts/+0.67%
S&P Futures up 11.40 pts/+0.79%
Nasdaq Fut up 20.22 pts/+0.12%
CAC 40 +1.54%
NIKKEI 225 -0.83%
HANG SENG -1.06%
Overseas: World stock markets were up today. European and Asian markets are up as investors turn their attention to first quarter earnings season.
Economic Reports: Import and Export Prices expected to be 0.3% at 8:30 a.m. and Treasury Budget expected to be $-188.7 B at 2:00 p.m.
Gold:down $.82 to $1,658.85
Oil: up 0.51 to $101.50
EUR/USD 1.3148 +0.0064
USD/JPY 80.8650 +0.1400
GBP/USD 1.5930 +0.0065
Volatility Index (VIX): As of the close of business Tuesday, April 10, the VIX is up 1.58 at 20.39
Companies Reporting Quarterly Earnings:
Titan Machinery reports Q4 EPS 84c, vs. Est 53c and Q4 revenue $607.02M, vs. Est $438.94M.
Today’s Opening and Closing Bells:
Cities for Financial Empowerment (CFE) --NYSE Euronext Commemorates Financial Literacy Week (April 9-13) will ring the opening bell.
NFTE, CEE, and JA ring the closing bell at the NYSE to Launch the “NYSE Euronext Virtual Field Trip” --NYSE Euronext Commemorates Financial Literacy Week (April 9-13).
Market Watch and Corporation Actions
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