Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- U.S. stock futures pointed to a weaker start for Wall Street on Thursday after equities surged in the previous session after U.S. lawmakers reached a deal to avert the so-called fiscal cliff.
European shares were moving slightly lower while Asian stocks ended mostly in the green. Hong Kong's Hang Seng Index rose 0.1% to 23,398.98. Japanese markets are closed for an extended holiday and will reopen on Friday.
The economic calendar in the U.S. Thursday includes Automatic Data Processing's employment report at 8:15 a.m. EST, jobless claims from the Labor Department at 8:30 a.m., and the Institute for Supply Management December index of regional business activity for New York at 9:45 a.m.
U.S. stocks on Wednesday soared as global risk appetite surged on the first trading day of the year after the House managed to pass the Senate's 11th-hour agreement on averting the "fiscal cliff." The Dow Jones Industrial Average surged 308 points, or 2.4%, to 13,413. It was the biggest single-day gain for the Dow since Nov. 19. The S&P 500 gained 36 points, or 2.5%, to 1,462. The tech-heavy Nasdaq jumped 93 points, or 3.1%, to 3112.
Apple (AAPL) has set its first-quarter earnings release for Jan. 23, with a conference call the same day to discuss the results.
Advanced Micro Devices (AMD) appointed Devinder Kumar as its chief financial officer after a four-month search.
Mellanox Technologies (MLNX), the data-storage company, on Wednesday reduced its revenue forecast for the fourth quarter.
Costco Wholesale (COST), the warehouse retailer, posted a same-store sales increase of 9% in December, higher than analysts' expectations.
Automakers, including Ford (F) and General Motors (GM), are expected to post December sales results on Thursday.
Earnings are expected Thursday from Family Dollar Stores (FDO) and Worthington Industries (WOR).
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.
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