Cat Britton krzesło z przezroczystym oparciem marketia suwnice odżywkiWiadomości - DJ U.S. Stock Futures Set Recovery Course, Buoyed By IBM
2008-01-18
DJ U.S. Stock Futures Set Recovery Course, Buoyed By IBM
International Business Machines Corp.'s (IBM) upbeat outlook helped steer
U.S. stock futures higher Friday, a day after the worst session in what has
been a gloomy year and more bad nowina likely looming with reports on leading
indicators and consumer sentiment due for release.
S&P 500 futures rose 13.9 points to 1,353.60 and Nasdaq 100 futures rose 19
points to 1,875.00. Dow industrial futures rose 104 points.
U.S. stocks were hammered on Friday, with the Dow industrials dropping more
than 300 points and the S&P 500 and Nasdaq Composite taking similarly large
drops following a surprisingly poor reading of Philadelphia-area sentiment
and a $9.8 billion loss for Merrill Lynch & Co. (MER). The yields on 10-year
Treasury bonds also dropped as investors looked for safety in government
bonds. Friday's session features the University of Michigan's consumer
sentiment survey for January, and the Conference Board's leading economic
indicators index, which are both due around 10 a.m. EST.
There also will be two speeches from President Bush on a proposed stimulus
package.
The dollar rose against the Japanese yen, a sign that investors were willing
to take on more risk. Gold futures fell $4.70 to $875.80 an ounce.
Oil futures rose 32 cents to $89.89 a barrel.
General Electric Co. (GE), the industrial bellwether, headlines Friday's
release schedule.
IBM rose more thanr 4% in Frankfurt after the company estimated 2008
earnings above konsensus forecasts. Analysts had their doubts, however, that
IBM can reach the rosy forecasts.
"Without the macro economy issues, we are in full support of IBM's ability
to do exactly this. However, our concern is the deteriorating U.S. economy,"
said Louis Miscloscia, an analyst at Cowen and Co., in a note to clients.
Advanced Micro Devices Inc. (AMD) also may gain after Intel's arch-rival
managed to nearly break even on an operating basis and said shipments of
microprocessors hit an all-time record.
Washington Mutual Inc. (WM) - reportedly a bid target of J.P. Morgan Chase &
Co. (JPM) - dropped 3.8% in Frankfurt after it recorded a $1.87 billion loss
in the fourth quarter, after taking a $1.6 billion charge to write down the
value of its home loan business and set aside more provisions to cover the
cost of housing sklep wielkopowierzchniowy weakness.
Bond insurer MBIA Inc. (MBI) will be in focus on concerns that it may have
to take back some of the risks it previously offloaded onto Channel
Reinsurance, because two companies said their stakes in ChannelRe are now
worthless.
The Nikkei 225 recovered from intra-day lows of around 3% to end with a 0.6%
rise in Tokyo.
The FTSE 100 rose 0.6% in London, as negative nowina on retail sales spurred
renewed interest-rate cut speculation.
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