This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

US Futures Rise On Earnings And Jobs Data

NEW YORK (AP) â¿¿ Futures rose Thursday after a pair of employment reports and also some strong numbers from another U.S automaker.

Dow Jones industrial futures rose 20 points to 13,050. The broader S&P futures tacked on 1.5 points to 1,408.30. Nasdaq futures rose 9.25 points to 2,649.75.

Weekly applications for unemployment benefits dropped 9,000 to a seasonally adjusted 363,000 last week, according the Labor Department, a level consistent with modest hiring.

Also Thursday, Payroll provider ADP says businesses added 158,000 jobs in October.

Markets are waiting for a more complete picture of October hiring on Friday from the Labor Department.

Retailers are posting sales figures for October as well on Thursday, as are automakers.

Target posted a 2.4 percent rise in same-store revenue, but that fell short of the 3.3 percent hike that industry analysts were looking for. Its shares dropped almost 2 percent in premarket trading.

Chrysler had its best October in five years as sales for the month rose 10 percent even though Superstorm Sandy washed out three days of business on the East Coast.

Shares of General Motors surged Wednesday after the company reported third-quarter earnings that were far better than Wall Street expected.

There will be a rush of earnings reports Thursday with so many postponed by the storm.

Exxon Mobil beat Wall Street expectations for profit and revenue, though production is falling. Oil and gas production fell 7.5 percent and lower prices also cut into profit.

Kellogg Co. says its net income edged up in the third quarter, as the breakfast giant benefited from its acquisition of Pringles chips earlier this year.

Pfizer's third-quarter profit fell 14 percent on plunging sales, mainly due to U.S. generic competition to cholesterol fighter Lipitor, long the world's top-selling drug.

Later Thursday, the Conference Board, a private research group, posts consumer confidence numbers and economist expect a better picture on that front for the second month in a row.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs