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

Market Hustle: Futures Higher on Stronger World Growth Forecasts

NEW YORK ( TheStreet) -- Stock futures were rising Wednesday as gains in offshore markets and an improved outlook from the World Bank helped buoy sentiment.  

Futures for the S&P 500 were rising 3.52 over fair value to 1836.25 while futures for the Dow Jones Industrial Average were up 31.14 over fair value to 16,335.0. Nasdaq futures were 12.60  over fair value to 3586.0.

The World Bank said faster economic growth would be driven by high-income economies this year. It forecast global growth to rise to 3.2% in 2014 from 2.4% last year and 3.4% in 2015.

On the economic calendar, the Empire State Manufacturing Index for January and Producer Price Index for December are due at 8.30 a.m. EST, with expectations for a 0.4% rise in the latter. The Beige Book, a report on economic conditions used at Federal Open Market Committee meetings, is due at 2 p.m. 

In Fed speak, Chicago Federal Reserve Bank President Charles Evans will speak at an economic forecast lunch in Iowa at 12:50 p.m. while Atlanta Federal Reserve Bank President Dennis Lockhart will speak on the economy and monetary policy in Atlanta at 5:20 p.m.

Markets closed higher Tuesday, bolstered by stronger than expected retail sales and merger activity.

In earnings,  Bank of America  (BAC) is due to post fourth-quarter earnings per share of 26 cents on revenue of $21.2 billion.  Apple  (AAPL) shares were rising more than 1% in premarket trade after China Mobile's (CHL) chairman said the company's deal with Apple would involve broad cooperation between the companies and noted millions of iPhones had already been ordered by its customers.

The Hang Seng finished 0.49% higher while Japan's Nikkei jumped 2.50% on Wednesday. Germany's DAX was up 1.04% while the FTSE was rising 0.36%.
-- Written by Jane Searle in New York

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 $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs