* U.S. stock index futures pointed to a higher open on Wall...

  1. 56,667 Posts.
    lightbulb Created with Sketch. 268
    * U.S. stock index futures pointed to a higher open on Wall
    Street on Tuesday, with futures for the S&P 500 up 0.8
    percent, Dow Jones futures 0.8 percent higher, and Nasdaq
    100 up 1.1 percent at 0903 GMT.

    * The U.S. Chicago PMI for March is due at 1345 GMT with
    economists in a Reuters survey forecasting a reading of 34.5 in
    the month compared with 35.2 in February.

    * U.S. consumer confidence due out at 1400 GMT is expected
    to have edged up in March from the record low hit in February.
    Economists in a Reuters survey expect a reading of 28.0 compared
    with 25.0 in February.

    * Bookseller Borders posts quarterly results.
    Analysts expect the company to earn 95 cents a share, excluding
    items, down from $1.44 a year earlier, according to Reuters
    Estimates.

    * No. 2 U.S. homebuilder Lennar Corp reports fiscal
    first-quarter results. Analysts, on average, expect a deeper net
    loss as the company scrambles to sell off inventory in the face
    of a prolonged U.S. recession. They expect the company to post a
    loss of 69 cents.

    * Shares in American Electric Power fell 4 percent
    in extended trade after the company cut its guidance to below
    Wall Street estimates and scaled back capital spending plans for
    next year.

    * The Wall Street Journal reported Google is
    expected to announce more detail about its highly anticipated
    venture-capital fund, including its plan to commit roughly $100
    million to the endeavor in its first year, said people familar
    with the matter.

    * Goldman Sachs banker Byron Trott, one of Warren
    Buffett's main deal makers, is leaving to start his own
    merchant-banking firm, according to people familiar with the
    matter, and Buffett's Berkshire Hathaway plans to
    invest in the entity, reported the Wall Street Journal.

    * The Wall Street Journal said Eli Lilly & Co Chief
    Executive John Lechleiter said the drug maker is looking for
    acquisitions of as much as $15 billion now it has digested
    ImClone Systems.

    * U.S. stocks tumbled on Monday as two major U.S. automakers
    took a step closer to potential bankruptcy, and a spate of
    European bank rescues heightened concerns over the financial
    system's health, putting the brakes on a recent run-up.

    * On Monday, the Dow Jones industrial average <.DJI> lost
    3.27 percent, the Standard & Poor's 500 Index <.SPX> tumbled
    3.48 percent and the Nasdaq Composite Index <.IXIC> fell 2.81
    percent.

    * Japan's Nikkei stock average fell 1.5 percent on Tuesday,
    with banks and insurers down, but the mood was more optimistic
    in Europe, where the FTSEurofirst 300 <.FTEU3> index of top
    European shares was up 1.3 percent in a broad rally.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.