server temporarily unavailable
By Kate Gibson and Simon Kennedy , MarketWatch NEW YORK (MarketWatch) — U.S. stock futures edged higher Thursday after reports had jobless claims falling last week amid monthly sales updates from a slew of retailers likely to set the tone on Wall Street.
The Labor Department said its count of those filing for first-time unemployment benefits fell by 6,000 to 422,000 last week, the third decline in four weeks.
Futures on the Dow Jones Industrial Average /quotes/comstock/21b!f:dj\m11 DJM11 +0.05% rose 11 points to 12,285 and Standard & Poor’s 500 index futures /quotes/comstock/21m!f:sp\m11 SPM11 +0.19% were up 2.5 points at 1,314.6.
Nasdaq 100 futures /quotes/comstock/21m!f:nd\m11 NDM11 +0.37% gained 7.25 points to 2,326.75.
Former CEO Schmidt discusses the "Gang of Four," his biggest regret from his tenure as chief executive and his unique retirement plans.
The steady start for futures came after U.S. markets got slammed as a result of downbeat economic data on Wednesday. The Dow industrials shed some 280 points after data showed that growth in the manufacturing sector had slowed and that private-sector hiring was weaker than expected. The yield on 10-year Treasurys also dropped below 3% for the first time since December.
Another downgrade of Greece — cut to Caa1 from B1 at Moody’s Investors Service — also added to the downward pressure. The rating signals a 50% chance of default over the next 5 years.
International markets were sharply lower Thursday. Germany’s DAX 30 index /quotes/comstock/30p!dax DX:DAX -1.02% dropped 1% as European markets got their first chance to react to the Greece downgrade. Japan’s Nikkei stock average /quotes/comstock/64e!i:ni225 JP:NI225 -1.69% closed down 1.7%.
Following Wednesday’s disappointing private-sector employment numbers, jobs data will remain in focus for the rest of the week.
Economists have been cutting their forecasts for Friday’s nonfarm payrolls in the wake of Wednesday’s data. Economists at Deutsche Bank said they now expect nonfarm payrolls to rise by 160,000 — as recently as last week the firm had been expecting a 300,000 gain.
The dollar, which had climbed after the downgrade of Greece, fell back against the euro. The dollar index /quotes/comstock/11j!i:dxy0 DXY -0.29% dropped to 74.433.
Commodity prices were mixed, with light crude hovering above $100 a barrel, while silver for July delivery dropped 64 cents to $37.05 an ounce.
Among stocks to watch Thursday, for-profit educational firms including Corinthian Colleges /quotes/comstock/15*!coco/quotes/nls/coco COCO +3.37% climbed after the Department of Education’s final rules on loan eligibility were looser than originally drafted.
Retailers also were in the spotlight as several released May same-store sales data. Limited Brands Inc. /quotes/comstock/13*!ltd/quotes/nls/ltd LTD -3.13% shares fell over 5% after its sales growth of 6% was less than the 7% consensus forecast.
Shares of mining equipment manufacturer Joy Global Inc. /quotes/comstock/15*!joyg/quotes/nls/joyg JOYG -4.00% rose in premarket trading after the company lifted its earnings outlook for the year and reported a 34% rise in fiscal second-quarter profit that comfortably beat market expectations.
And late Wednesday, Google Inc. /quotes/comstock/15*!goog/quotes/nls/goog GOOG -0.65% said that “hundreds” of personal Gmail accounts had been hijacked in a hacking campaign that appeared to originate in China. China reportedly issued a denial. See story on China and Gmail.
/quotes/comstock/21b!f:dj\m11
/quotes/comstock/21m!f:sp\m11 /quotes/comstock/21m!f:nd\m11 /quotes/comstock/30p!dax /quotes/comstock/64e!i:ni225 /quotes/comstock/11j!i:dxy0 /quotes/comstock/15*!coco/quotes/nls/coco /quotes/comstock/13*!ltd/quotes/nls/ltd /quotes/comstock/15*!joyg/quotes/nls/joyg /quotes/comstock/15*!goog/quotes/nls/goog Kate Gibson is a reporter for MarketWatch, based in New York. Simon Kennedy is the City correspondent for MarketWatch in London. View the original article here
Nenhum comentário:
Postar um comentário