U.S. Stock-Index Futures Gain; Alcoa, Genentech Shares Advance Oct. 11 (Bloomberg) -- U.S. stock-index futures rose after better-than-expected earnings from Alcoa Inc. and Genentech Inc. stoked optimism that the slide in equities this month doesn't reflect the outlook for profit growth.
``Third-quarter numbers should be quite good,'' said Jonathan Monk, a fund manager at Aerion Fund Management Ltd. in London, which oversees $1 billion in U.S. stocks. ``That will settle a few nerves.'' He isn't adding to his holdings
Genentech report, Apple anticipation and Japan gains have stocks poised to open higher. October 11, 2005: 8:11 AM EDT
NEW YORK (CNN/Money) - A tech rally both at home and overseas could give a lift to stocks at Tuesday's open.
U.S. stock futures were up in early trading, indicating a higher opening for stocks.
The futures were following a rally in Asia, led by the best day for Japanese stocks in just over a year. Major European markets also were higher in early trading.
U.S. biotech bellwether Genentech (Research) posted a better-than-expected third quarter profit and raised its full-year profit guidance. After the market close Tuesday, Apple (Research) is expected to also report improved earnings.
Hummm most of the major markets are closing up tonight and US to open higher....should be a good reasonable day tomorrow for us IMO....hoping ...
DOW Price at posting:
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