The last trading day of the third quarter is at hand, and the
Dow Jones Industrial Average
sits less than 5 points from its all-time high.
Against this backdrop, stock futures were pointing to a mildly higher open for Wall Street on Friday. Futures on the
were up 2 points at 1349.10, about 2 points above fair value. Nasdaq 100 futures were gaining 4 points to 1677.50, roughly even with fair value.
On Thursday, the Dow again came up just short in its effort to establish a new high, closing up 29.21 points, or 0.25%, to 11,718.45. The best-ever finish was 11,722.98 and was reached on Jan. 14, 2000. The S&P 500 rose 2.56 points, or 0.19%, to 1339.15, and the Nasdaq Composite tacked on 6.63 points, or 0.29%, to 2270.02.
Treasuries were edging higher, with the benchmark 10-year note up 3/32 in price to yield 4.60%, and the dollar was mixed against the world's other major currencies.
As for commodities, most were moving to the downside. Crude oil futures were losing 37 cents to $62.39 a barrel, and gold was lower by $4.40 to $606.50 an ounce. Silver was falling 10 cents to $11.64 an ounce.
On the corporate side, Blackberry maker
Research In Motion
( RIMM) was surging 20% a day after its third-quarter guidance was well above estimates. The company's second-quarter profits also topped expectations. Research In Motion was advancing $16.95 to $103.01 in premarket trading, putting it above its 52-week high of $90.53.
Also after the close,
continued its restructuring, saying this time that it will eliminate 2,000 salaried jobs at its financing unit in North America. Ford Motor Credit additionally plans to consolidate 59 U.S. branches into six service centers by the end of 2007.
said its third-quarter earnings fell year over year because of options expenses. Tibco earned $11.3 million, or 5 cents a share, down from $13.8 million, or 7 cents a share, a year ago. Adjusted earnings of 7 cents topped expectations by a penny.
The trouble with
batteries expanded again, this time with Toshiba saying it will recall 830,000 batteries for laptop computers. Elsewhere,
raised the number of Sony batteries it is recalling by about 100,000 to 4.2 million.