This Day On The Street
Continue to site
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

[video] Market Hustle: Futures Rise Amid European Green Shoots

New YORK ( TheStreet) -- U.S. stock futures were pointing to little movement among major indices Wednesday after the Nasdaq closed above 4,000 yesterday while European markets were gaining on Germany's upbeat consumer confidence report and data showing that fewer U.S. residents filed for unemployment benefits than was projected.

Futures for the Dow Jones Industrial Average were up 21 points to 16081.0 while S&P 500 futures were rising 2 points to 1804.0. Nasdaq futures were up 5.70 points to 3453.0. 
 
A key measure of German consumer confidence hit its highest level since August 2007, fueling gains in emerging markets. British economic growth accelerated by 0.8% in the third quarter due mainly to a rise in household spending. The Japanese yen fell against other major currencies for the fifth consecutive day while the sterling rallied.

In domestic economic news, fewer U.S. residents filed jobless claims last week than expected - a sign of improvement in the labor market. Jobless claims for the week ending November 23 fell to 316,000 or the lowest in two months. Expectations were for 330,000 claims .

Durable-good orders fell in October, reflecting a hit to confidence from the government shutdown. Bookings fell 2 percent to match expectations after a 4.1% rise in September. Durable-goods orders are a leading indicator of industrial production and capital spending.
 
Stocks expected to see price action Wednesday include Hewlett-Packard (HPQ), which bested estimates with earnings of $1.01 a share on revenue of $29.1 billion late Tuesday. Its shares were jumping 6.42% to $26.70 in premarket trade.

The earnings calendar is light for Wednesday. 
 
Germany's DAX was rising 0.35% while the FTSE was up 0.12%. The Hang Seng closed up 0.53% while the Nikkei was down 0.42%. Oil futures for January were off 0.41 to $93.27. 

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
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
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs