This Day On The Street
Continue to site
ADVERTISEMENT
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

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- U.S. stock futures were signaling a higher start for Wall Street on Friday as markets across the globe got a bounce from moves Thursday by the Federal Reserve to prop up the U.S. economy.

The Fed announced an open-ended plan to purchase $40 billion worth of mortgage-backed securities per month and extended its pledge to keep interest rates at their zero levels until at least mid-2015.

European stocks were moving sharply higher, while Asian shares rallied. Japan's Nikkei 225 index jumped 1.8% to close Friday at 9,159.39.


The economic calendar in the U.S. on Friday includes retail sales and the consumer price index for August at 8:30 a.m. EDT, industrial production and capacity utilization for August at 9:15 a.m., the University of Michigan consumer sentiment index for September at 9:55 a.m. , and business inventories for July at 10 a.m.


U.S. stocks on Thursday soared after the Fed more than fulfilled expectations for another round of quantitative easing.

The Dow Jones Industrial Average closed up more than 206 points, or 1.55%, at 13,540. The day's intraday peak of 13,573 was the blue-chip index's highest level since December 2007.


Home Depot (HD - Get Report), the No. 1 home-improvement retailer, said Friday it will close its seven remaining big box stores in China and cut 850 jobs.


Ford's (F - Get Report) board may name CEO Alan Mulally as non-executive chairman to keep him involved with automaker after he leaves the top post, a person familiar with the matter told Reuters.


Goldman Sachs (GS - Get Report) is doing away with two-year contracts for most analysts hired out of college, according to communications reviewed by The Wall Street Journal. The move was confirmed by a Goldman spokesman.

"We think the historic two-year program is no longer the best approach for hiring and developing the careers of analysts in our banking and investment-management divisions," the Goldman spokesman told the newspaper. "Making this change allows us to emphasize the longer-term career opportunities available at the firm."

1 of 2

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
F $15.90 0.82%
HD $111.39 -2.03%
GS $196.52 -0.74%
SPLS $15.99 -1.60%
AAPL $132.65 1.82%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs