This Day On The Street
Continue to site
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

Stock Futures Flat as Markets Cool

NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a flat opening on Wednesday as major equity markets cooled off following two days of strong gains on improving Chinese growth.

Futures for the S&P 500 were effectively unchanged at 1,682.25.

Futures for the Dow Jones Industrial Average were tacking on 0.07%, to 15,183. Nasdaq futures were sliding 0.34% to 3,172, weighed down as Apple (AAPL - Get Report) shares dropped in premarket trading.

Futures were moving sideways Wednesday after President Barack Obama addressed the nation Tuesday night about Syria in which he proposed a diplomatic solution with Russia's aid to seize Syria's chemical weapons arsenal thereby avoiding a military intervention in the Middle Eastern nation. Obama did reiterate that, if necessary, a limited targeted strike could be used to achieve a clear goal: "detering the use of chemical weapons and degrading Assad's capabilities."

The U.S. economic calendar includes wholesale inventories for July at 10 a.m. EDT. Economists polled by Thomson Reuters are expecting July inventories to have risen 0.3%, which would reverse the prior month's 0.2% dip.

Additionally, the Energy Information Administration at 10:30 a.m. will release weekly information on crude, gasoline and distillate inventories in the United States.

In company news, shares of Apple (AAPL - Get Report) were sinking in premarket trading after the iPhone maker's unveiling of two new phones failed to excite investors. The iPhone 5C is a lower cost, but premium-priced product, while the iPhone 5S is an upgrade from the previous edition as it will add "Touch ID," a fingerprint sensor built into the home button. Overnight, Apple gained a license from China Mobile to begin launching iPhones for the first time on the Asian nation's largest wireless network. Shares were off 4% in premarket action.

Verizon (VZ - Get Report) will sell as much as $49 billion worth of bonds to raise the funds needed to buy Vodafone (VOD) from their Verizon Wireless joint venture, The Wall Street Journal reported.

Texas Instruments (TXN - Get Report) narrowed its earnings guidance for the third quarter. The chipmaker said Tuesday that it expects to earn between 51 cents and 55 cents a share in the quarter, which was lower than the previous guidance of 49 cents to 57 cents a share. Analysts have predicted earnings of 53 cents a share.
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
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
TXN $57.20 -1.12%
VZ $50.68 -1.25%
VOD $32.65 -1.09%
FB $117.43 -0.96%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs