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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

March 5 Premarket Briefing: 10 Things You Should Know

Updated from 6:55 a.m. EST.

Here are 10 things you should know for Wednesday, March 5:   

1.-- U.S. stock futures were suggesting Wall Street would open flat to lower on Wednesday ahead of a report on private-sector job growth and as investors remain wary about the tensions in Ukraine.

European stocks were lower in early trading. Asian shares finished the session mixed. Tokyo's Nikkei 225 rose 1.2%. 

2.-- The economic calendar in the U.S. on Wednesday includes the ADP Employment Change index for February at 8:15 a.m. EST, the ISM Services index for February at 10 a.m., and the Federal Reserve's "Beige Book" at 2 p.m.

3.-- U.S. stocks on Tuesday rebounded, with the S&P 500 closing at a new record high as investors cheered subsiding tensions in Ukraine. The Dow Jones Industrial Average closed 1.41% higher at 16,395.76, while the S&P 500 jumped 1.53% to a record 1,873.89. The Nasdaq gained 1.75% to 4,351.97.

4.-- The U.S. and Russia held talks on easing East-West tension over Ukraine on Wednesday. The foreign ministers of the U.S., U.K. and Ukraine met Wednesday to discuss the crisis in Ukraine's Crimea region, but Russia's top diplomat refused to attend, according to U.S. and British officials, The Wall Street Journal reported.

The absence of Russian Foreign Minister Sergei Lavrov underscored the deepening rift between Moscow and the West following the Kremlin's moves this past week to deploy thousands of Russian troops in Ukraine, the Journal noted.

5.-- Comcast (CMCSA) has started an initiative in which it will turn hundreds of thousands of Chicago-area homes into virtual coffee shops, using existing Comcast equipment to build out its publicly accessible wireless network, The Chicago Tribune reported. 

The neighborhood hot spots plan, which will roll out during the next several months, will send a separate Wi-Fi signal from Comcast-issued home equipment, enabling anyone within range to get online. Entire residential blocks will begin soon to show as hot spots on Xfinity's Wi-Fi mobile app, Comcast said.

6. -- RadioShack  (RSH) shares tumbled 17.3% on Tuesday to $2.25 after the troubled retailer said it plans to close up to 1,100 stores, or about a fifth of its U.S. locations, and reported a wider quarterly loss following a disappointing holiday season.

-- United Airlines (UAL) has begun a push to better enforce rules restricting the size of carry-on bags, an effort that will include instructing workers at security checkpoint entrances to eyeball passengers for bags that are too big.

United has rolled out new bag-sizing boxes at most airports and sent an email to frequent fliers, reminding them of the rules. An internal employee newsletter called the program a "renewed focus on carry-on compliance."

8. -- A federal judge on Tuesday blocked U.S. courts from being used to collect a $9 billion Ecuadorean judgment against Chevron (CVX) for rainforest damage, saying lawyers poisoned an honorable quest with their illegal and wrongful conduct.

Chevron shares rose 6 cents in premarket trading on Wednesday.

9. -- Yahoo! (YHOO) will stop letting consumers access its various online services, including Fantasy Sports and photo-sharing site Flickr, by signing-in with their Facebook or Google credentials, Reuters reported.

The change, which will be rolled out gradually according to a Yahoo spokeswoman, will require users to register for a Yahoo ID in order to use any of the Internet portal's services, Reuters said.

The stock rose 0.3% to $39.74 in premarket trading.

10.-- PetSmart (PETM)  is expected by Wall Street to post fourth-quarter profit of $1.21 a share on revenue of $1.83 billion.

-- 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.

Follow @josephwoe58

 

Copyright 2014 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,977.77 +17.20 0.10%
S&P 500 1,975.86 -2.48 -0.13%
NASDAQ 4,439.9940 -9.57 -0.22%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs