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 89 points and S&P futures are trading down 10 points after the Federal Reserve signaled it may refrain from more monetary stimulus to boost the economy. Data from the euro zone showed retail sales and business activity contracted in February and March, respectively. The disappointing economic data cemented investors fears that the region is in a recession.
DJIA down 64.94 pts/-0.49%/13,199.55
S&P down 5.66 pts/-0.40/1,413.38
Nasdaq down 6.13 pts/-0.20/3,113.57
Dow Futures down 89.00 pts/-0.68%
S&P Futures down 10.40 pts/-0.76%
Nasdaq Fut down 19.22 pts/0.69%
CAC 40 -1.56%
NIKKEI 225 -2.29%
HANG SENG +1.31%
Overseas: World stock markets were down today. European and Asian markets are down after the Federal Reserve hinted it will not implement any quantitative easing unless the economy falters.
Economic Reports: ADP Employment Report expected to be 208K and ISM Non-Mfg Index expected to be 57.0 at 10:00 a.m.
Gold:down $19.10 to $1,626.85
Oil: down 0.93 to $103.33
EUR/USD 1.3167 -0.0067
USD/JPY 82.1690 -0.6850
GBP/USD 1.5871 -0.0035
Volatility Index (VIX): As of the close of business Tuesday, April 3, the VIX is up 0.02 at 15.66
Companies Reporting Quarterly Earnings:
MSC Industrial reports Q2 EPS 95c, vs. Est 95c and Q2 revenue $562.97M, vs. Est $554.69M.
Today’s Opening and Closing Bells:
Annie’s, Inc. Celebrates its IPO on the New York Stock Exchange CEO John Foraker and Chairman Molly Ashby Join Family and Friends will ring the opening bell.
The Hanover Insurance Group Celebrates 160th Anniversary One of the Oldest Companies on the NYSE and Fastest Growing Insurers will ring the closing bell.
Market Watch and Corporation Actions
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