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Upbeat TI Outlook Gives Stock Futures a Boost WSJ
Stocks are headed for a strong start Wednesday morning, buoyed by an optimistic earnings forecast from Texas Instruments.
About an hour before the start of trading on the New York Stock Exchange, futures-market activity on the Standard & Poor's 500-stock index indicated that the Dow Jones Industrial Average is likely to jump 41 points just after the bell.......................
Crude-oil prices fell 66 cents to $53.10 a barrel in early Wednesday trading ahead of a weekly U.S. report on crude inventories.
In London, the benchmark FTSE 100 slipped recently, as mining, telecommunications, oil and pharmaceutical stocks lost ground.
In Japan, the Nikkei 225 Stock Average rose 0.6% to 11281.03, as Texas Instruments' brighter outlook for chip demand lifted shares of Japanese semiconductor firms.
U.S. stocks rallied then retreated Tuesday, with General Motors helping to keep the Dow industrials positive. The Dow gained 16.04 points, or 0.15%, to 10483.07, after being up nearly 112 points. The Nasdaq Composite Index ended up losing 8.60, or 0.41%, to 2067.16, and the S&P 500 shed 0.25, or 0.02%, to 1197.26.
In major market action:
Stocks were mixed[suP]10. On the Big Board, where 1.4 billion shares traded, 1,900 stocks rose and 1,392 fell. On the Nasdaq Stock Market, where 1.8 billion shares changed hands, 1,474 stocks advanced and 1,538 declined.
Bonds slid11. The 10-year Treasury note lost 4/32, or $1.25 per $1,000 invested, to yield 3.922%. The 30-year bond was down 6/32 to yield 4.203%. Yields move inversely to prices.
The dollar was mixed12. It traded at ¥106.83, up from ¥106.59 late Tuesday, while the euro gained against the dollar to $1.2325 from $1.2286.
Calendar of U.S. Economic Events This Week: June 6 - June 10, 2005
Monday, June 6, 2005 No major economic indicators are scheduled for today.
Tuesday, June 7, 2005
ICSC-UBS Store Sales Index For June 4 Wk: +0.4%. Previous: -1.0.
Redbook Retail Sales Index For June 4 Wk: -0.5%. Previous: 2.5%.
April Consumer Credit: +$1.3 Bln. Consensus: +$7.0 Bln. Previous: +$6.9 Bln, revised.
ABC/Money Consumer Confidence For June 4 Wk:-12. Previous: -13.
Wednesday, June 8, 2005
10a.m. April Wholesale Inventories. Consensus: +0.5%. Previous: +0.4%.
Thursday, June 8, 2005
8:30a.m. Initial Jobless Claims For June 4 Wk. Consensus: -20K. Previous: +25K.
10a.m. Fed Chairman Greenspan testifies before U.S. Congress Joint Econ Committee in Washington.
10a.m. DJ-BTM Business Barometer For May 28 Wk. Previous: +0.1%.
Friday, June 10, 2005
8:30a.m. April Trade Deficit. Consensus: -$58.0 Bln. Previous: -$54.99 Bln.
8:30a.m. May Import Prices. Consensus: +0.4%. Previous: +0.8%.
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Upbeat TI Outlook Gives Stock Futures a Boost WSJ
Stocks are headed for a strong start Wednesday morning, buoyed by an optimistic earnings forecast from Texas Instruments.
About an hour before the start of trading on the New York Stock Exchange, futures-market activity on the Standard & Poor's 500-stock index indicated that the Dow Jones Industrial Average is likely to jump 41 points just after the bell.......................
Crude-oil prices fell 66 cents to $53.10 a barrel in early Wednesday trading ahead of a weekly U.S. report on crude inventories.
In London, the benchmark FTSE 100 slipped recently, as mining, telecommunications, oil and pharmaceutical stocks lost ground.
In Japan, the Nikkei 225 Stock Average rose 0.6% to 11281.03, as Texas Instruments' brighter outlook for chip demand lifted shares of Japanese semiconductor firms.
U.S. stocks rallied then retreated Tuesday, with General Motors helping to keep the Dow industrials positive. The Dow gained 16.04 points, or 0.15%, to 10483.07, after being up nearly 112 points. The Nasdaq Composite Index ended up losing 8.60, or 0.41%, to 2067.16, and the S&P 500 shed 0.25, or 0.02%, to 1197.26.
In major market action:
Stocks were mixed[suP]10. On the Big Board, where 1.4 billion shares traded, 1,900 stocks rose and 1,392 fell. On the Nasdaq Stock Market, where 1.8 billion shares changed hands, 1,474 stocks advanced and 1,538 declined.
Bonds slid11. The 10-year Treasury note lost 4/32, or $1.25 per $1,000 invested, to yield 3.922%. The 30-year bond was down 6/32 to yield 4.203%. Yields move inversely to prices.
The dollar was mixed12. It traded at ¥106.83, up from ¥106.59 late Tuesday, while the euro gained against the dollar to $1.2325 from $1.2286.
Calendar of U.S. Economic Events This Week: June 6 - June 10, 2005
Monday, June 6, 2005 No major economic indicators are scheduled for today.
Tuesday, June 7, 2005
ICSC-UBS Store Sales Index For June 4 Wk: +0.4%. Previous: -1.0.
Redbook Retail Sales Index For June 4 Wk: -0.5%. Previous: 2.5%.
April Consumer Credit: +$1.3 Bln. Consensus: +$7.0 Bln. Previous: +$6.9 Bln, revised.
ABC/Money Consumer Confidence For June 4 Wk:-12. Previous: -13.
Wednesday, June 8, 2005
10a.m. April Wholesale Inventories. Consensus: +0.5%. Previous: +0.4%.
Thursday, June 8, 2005
8:30a.m. Initial Jobless Claims For June 4 Wk. Consensus: -20K. Previous: +25K.
10a.m. Fed Chairman Greenspan testifies before U.S. Congress Joint Econ Committee in Washington.
10a.m. DJ-BTM Business Barometer For May 28 Wk. Previous: +0.1%.
Friday, June 10, 2005
8:30a.m. April Trade Deficit. Consensus: -$58.0 Bln. Previous: -$54.99 Bln.
8:30a.m. May Import Prices. Consensus: +0.4%. Previous: +0.8%.
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