Stocks could come under a little pressure this morning.
Toward their New York close yesterday, the
futures started to lose some of their momentum as the
once again displayed an inability to close above 8000. Now futures have headed a little lower. That could mean a bit of a sloppy open for stocks. As of 8:10 a.m., the futures are down 1.65, slightly below fair value. The 30-year Treasury bond is down 2/32 at 100 6/32, pushing the yield to 6.36%.
is under pressure this morning after reporting disappointing earnings after the close -- though not enough for whoever bought those October 35 puts yesterday to be in the money yet. Micron is trading at 38 on
, down 2 1/2 from the close.
Delta Air Lines
also looks lower on its announcement last night that fiscal first-quarter earnings will fall short of both consensus estimates and the year-ago figure.
consensus estimates called for $3.14 per share versus the year ago's $2.98.
London gold stocks are down in reaction to an article in today's
that says more than half the world's gold mines may be unprofitable.
COO Tom Clarke said last night that he is comfortable with analysts estimates for the company to earn $2.80 over this year.
has chosen former
CEO Lawrence Weinbach as its new CEO, according to
The Wall Street Journal
Japanese traders got the day off -- the Tokyo Stock Exchange was closed for the Autumnal equinox.
After a day of choppy trade, Hong Kong stocks saw little change. The
eased 13.70 to close at 14,094.38.
German stocks spent the day tracking the dollar. Which is to say that they rose. The
closed at 4098.20, up 9.28.
British stocks are trading lower, with some investors taking some profits off the table, and other nervous about making the run to 5100. The
is down 36.10 at 5039.60.