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 Drop on Weak Private Payrolls Report

NEW YORK (TheStreet) -- U.S. stock futures were dropping Wednesday as January private payrolls data came in weaker than anticipated. 

Futures for the S&P 500 were slipping 0.44% to 1,736. Futures for the Dow Jones Industrial Average were off 0.27% to 15,296. Nasdaq futures were decreasing 0.35% to 3,439.75.

Automatic Data Processing on Wednesday reported that private employers added 175,000 jobs to payrolls in January, which was below consensus expectations of 185,000. The Labor Department reports nonfarm payrolls on Friday.

The rest of the economic calendar for Wednesday includes the ISM non-manufacturing index at 10 a.m. EST, while three Federal Reserve officials, including Fed Gov. Daniel Tarullo, Philadelphia Fed President Charles Plosser and Atlanta Fed President Dennis Lockhart, will speak.

Must Read: Stocks Flip Monday's Rout; J.C. Penney Plummets

In company news, Twitter (TWTR) will report after the closing bell on Wednesday its first quarterly earnings as a public company. Wall Street is expecting the micoblogging social network to report a loss of 2 cents a share on revenue of $217.8 million.

Time Warner (TWX) reported fourth-quarter earnings of $983 million, or $1.06 a share, compared with $1.11 billion, or $1.15 a share, in the year-earlier period. Adjusted profit was $1.17 a share. Revenue rose 5% to $8.57 billion.

Analysts forecast the media giant to post a fourth-quarter profit of $1.15 a share on revenue of $8.39 billion.

Morgan Stanley (MS) reported late Tuesday afternoon that is would pay $1.25 billion to settle a mortgage-backed securities litigation with Fannie Mae (FNMA) and Freddie Mac (FMCC).

Asian markets closed mixed on Wednesday. The Nikkei in Japan jumped 1.22%, while the Hang Seng in Hong Kong lost 0.6%. In Europe, the FTSE 100 in London was up 0.21%, and the DAX in Germany was off by 0.32%.

-- Written by Joe Deaux in New York.

>Contact by Email.

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 $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $222.56 -4.20%
YHOO $36.00 -0.03%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs