This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Futures Rise on Tech Earnings Beats

NEW YORK ( TheStreet) -- Stock futures were pointing to a higher open Friday, lifted by the previous session's late earnings news, as investors absorbed news that core consumer prices remained unchanged in August.

Futures for the Dow Jones Industrial Average were up by 22 points at 10,572 and were 43 points above fair value. Futures for the S&P 500 were higher by 3 points at 1125 and were 6 points above fair value, and Nasdaq futures were ahead by 7 points and were 11 points above fair value.

After Thursday's closing bell, both Oracle (ORCL - Get Report) and Research In Motion (RIMM) reported better-than-expected results.

Prices at the consumer level ticked 0.3% higher in August, after a similar rise in July, the Labor Department said. Excluding volatile food and energy prices, the core rate was unchanged, coming in slightly lower than the increase of 0.1% that economists had been expecting, according to In July, the core rate rose 0.1%.

Market watchers are anticipating improved consumer confidence in September. According to, economists are looking for a reading of 70.5 when the University of Michigan releases its monthly index at 9:55 a.m. ET, compared with August's level of 68.9.

Johnson & Johnson (JNJ - Get Report), which owns nearly 18% of Dutch biotech company Crucell, is in advanced talks to acquire the rest for roughly $2.3 billion in cash.

Enterprise software company Novell (NOVL) is apparently in late-stage talks with at least two buyers -- including VMware (VMW - Get Report) -- to sell the company in separate pieces, according to a Wall Street Journal report.

Late Thursday, Texas Instruments (TXN - Get Report), announced plans to increase its quarterly dividend by 8% and buy back $7.5 billion worth of its stock.

In commodity markets, crude oil for October delivery was trading 10 cents higher at $74.67 a barrel, and the more actively traded November contract was up by 37 cents at $76.11 a barrel. Meanwhile, the December gold contract was higher by $3.80, trading at $1,277.60 an ounce.

Meanwhile, the dollar was trading slightly higher against a basket of currencies, with the dollar index up by 0.04%.

The benchmark 10-year Treasury note was up by 17/32, diluting the yield to 2.703%.

Overseas, Hong Kong's Hang Seng rose 1.3%, while Japan's Nikkei jumped 1.2%. The FTSE in London was adding 0.2%, while the DAX in Frankfurt was down by 0.09%.

--Written by Melinda Peer in New York.
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
JNJ $112.22 0.00%
ORCL $39.29 0.00%
TXN $56.43 0.00%
VMW $55.36 0.00%
AAPL $94.19 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs