Stock futures rise before housing report
Durable goods orders fall slightly less than expected. Wall Street prepares for data on new-home sales. Gold hits $1,300 an ounce. HSBC's CEO plans to step down.
Posted by TheStreet Staff on Friday, September 24, 2010 7:55 AM
By Melinda Peer, TheStreet
Updated at 8:47 a.m. ET
Stock futures pointed to a higher open Friday after durable goods orders fell slightly less than expected and before the government's report on new-home sales.
Futures for the Dow Jones Industrial Average ($INDU) were up by 99 points at 10,705 and were 110 points above fair value. S&P 500 ($INX) futures were up by 11 points at 1,132 and were 12 points above fair value, while futures for the Nasdaq ($COMPX) were rising by 19 points and were 20 points above fair value.
The Department of Commerce said durable goods orders declined 1.3% in August after rising 0.7% in the previous month. The decline was slightly less than the 1.4% drop anticipated by economists, according to Briefing.com. Excluding transportation, orders grew 2% after slumping 3.7% in July. Analysts were expecting only a 0.5% bump.
read more at
http://articles.moneycentral.msn.com/Investing/Dispatch/default.aspx?feat=1807916
- Forums
- ASX - By Stock
- time to be v cautious ahead of fed meet tonite
Stock futures rise before housing reportDurable goods orders...
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a |
Open | High | Low |
7,865.5 | 7,976.9 | 7,865.5 |
Featured News
XJO (ASX) Chart |