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) beat estimates for the third quarter, helped by higher fixed income trading revenue. Insurance and financial services giant Travelers Cos. (TRV) 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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