wall st futures point to recovery

  1. 56,544 Posts.
    lightbulb Created with Sketch. 258
    * Dow Jones futures and S&P 500 futures rose
    0.5 and 0.7 percent respectively on Thursday, suggesting scope
    for a recovery after Wednesday's losses. But Nasdaq futures
    were down 0.3 percent.

    * The U.S. administration is weighing a roughly $40 billion
    proposal to help forestall housing foreclosures, the Wall Street
    Journal reported. [ID:nBNG389655]

    * After Wednesday's close, Amgen Inc shares jumped
    7.5 percent to $53.40 when the biotech company reported
    quarterly earnings, while Amazon.com fell 13.4 percent
    and traded 13 percent lower in Frankfurt after the
    online retailer's fourth-quarter revenue expectations fell short
    of analyst expectations.

    * U.S. stocks tumbled to 5-year lows on Wednesday as
    investors grappled with an increasingly dire outlook for the
    global economy following a raft of disappointing profits and
    outlooks for major U.S. companies.

    * Major S&P 500 <.SPX> companies due to release earnings on
    Thursday include Microsoft , Bristol-Myers Squibb
    , Dow Chemical Co. , Eli Lilly and United
    Parcel Service .

    * The Federal Reserve's Consumer Advisory Council meets at
    1300 GMT to discuss the Housing and Economic Recovery Act of
    2008, and former Fed Chairman Alan Greenspan testifies in
    Congress at 1400 GMT on "The Role of Federal Regulators".
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.