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 62 points and S&P futures are trading down 7 points following the previous trading session’s sharp gains after European leaders struck a deal to halt the regions debt crisis. The focus will be on Euro zone implementation of the plan. Traders are looking for a long term solution for Europe and the health of Italy is top of mind. Other countries in the EU block experiencing similar financial distress include Spain, Ireland, and Portugal.
DJIA up 339.51 pts/+2.86%/12,208.55
S&P up 42.59 pts/+3.43/1,284.59
Nasdaq up 87.96 pts/+3.32/2,738.63
Dow Futures up 62.00 pts/-0.53%
S&P Futures up 7.80 pts/0.44%
Nasdaq Fut up 12.25 pts/-0.53%
CAC 40 -0.61%
NIKKEI 225 +1.39%
HANG SENG +1.68%
Overseas: World stock markets were mixed today. European and Asian markets were up after European leaders struck a deal to stem the sovereign debt crisis in the region.
Economic Reports: Personal Income and Outlays expected 0.3% & Employment Cost Index expected to be 0.6% at 8:30 a.m. and Consumer Sentiment expected to be 58.0 at 9:55 a.m.
Gold:down $6.10 to $1,738.85
Oil:down 1.39 to $92.73
EUR/USD 1.4154 -0.0033
USD/JPY 75.8465 -0.1265
GBP/USD 1.6106 +0.0003
Volatility Index (VIX): As of the close of business Thursday, October 27, the VIX is down 4.40 at 25.46
Companies Reporting Quarterly Earnings:
Newell Rubbermaid (NWL): Q3 EPS of $0.45 beats by $0.03. Revenue of $1.54B (+5.8% Y/Y) in-line.
NiSource (NI): Q3 EPS of $0.11 beats by $0.02. Revenue of $1.02B (+1.9% Y/Y) in-line.
AON Corp. (AON): Q3 EPS of $0.69 misses by $0.03. Revenue of $2.72B (+51.2% Y/Y) beats by $100M.
Coventry Health Care (CVH): Q3 EPS of $0.84 beats by $0.03. Revenue of $2.98B (+4.9% Y/Y) misses by $50M.
Constellation Energy Group (CEG): Q3 EPS of $0.68 misses by $0.12. Revenue of $3.52B (-11.3% Y/Y) misses by $1B.
Lear (LEA): Q3 EPS of $0.95 misses by $0.27. Revenue of $3.5B (+22.7% Y/Y) beats by $260M.
Merck (MRK): Q3 EPS of $0.94 beats by $0.03. Revenue of $12.0B (+8.1% Y/Y) beats by $400M.
Goodyear Tire & Rubber Company (GT): Q3 EPS of $0.60 beats by $0.33. Revenue of $6.06B (+22.2% Y/Y) misses by $150M.
Rockwell Collins (COL): Q3 EPS of $1.13 in-line. Revenue of $1.29B (+2% Y/Y) misses by $50M.
Today’s Opening and Closing Bells:
The U.S. Fund for UNICEF Gets in the Halloween Spirit with the Trick-or Treat for UNICEF Campaign Caryl Stern, CEO and President of The U.S. Fund for UNICEF will ring the opening bell.
Industry experts and business executives gather at the NYSE for the first-ever Russia Business and Investment Summit. Summit participants will ring the closing bell.