Stock Futures Fall as Jobless Claims Climb
The FTSE 100 in London was down 0.18% and the DAX in Germany was up 0.32% in trading Thursday.
The Nikkei Average in Tokyo closed up by 2% and the Hang Seng index in Hong Kong gained 0.48%.
November crude oil futures were down 6 cents at $92.06 a barrel. December gold futures were falling $4.70 at $1,748.30 an ounce.
The benchmark 10-year Treasury was rising 7/32, diluting the yield to 1.799%. The dollar was up 0.08%, according to the dollar index.In corporate news, Morgan Stanley (MS - Get Report) beat estimates for the third quarter, helped by higher fixed income trading revenue. Insurance and financial services giant Travelers Cos. (TRV - Get Report) posted a record quarterly operating profit of $2.22 a share, blowing past the average analyst estimate of $1.61 a share, driven by lower catastrophe losses and higher underlying underwriting results. Google (GOOG), the Internet search giant, is slated to report its third-quarter results after the closing bell Thursday, and the average estimate of analysts calls for a profit of $10.65 a share on revenue of $11.86 billion. Dow component Verizon (VZ) posted quarterly profit of $1.59 billion, or 56 cents a share, compared with $1.37 billion, or 49 cents a share a year earlier. Revenue came in at $29 billion, up from $27.91 billion last year. Excluding items, Verizon posted earnings of 64 cents a share. Analysts were calling for earnings of 64 cents a share in the September-ended period on revenue of $29 billion. Microsoft (MSFT) is issuing its quarterly report after the close and analysts are looking for fiscal first-quarter profit of 56 cents a share on revenue of $16.42 billion from the software giant. EBay (EBAY), the online auctioneer, missed on the top line in its latest quarter and gave a fourth-quarter outlook Wednesday that includes a fair amount of downside to the consensus. Mellanox Technologies (MLNX) gave weak revenue guidance on Wednesday, saying it expects revenue between $145 and $150 million, well below the consensus estimate of $157 million.
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