Showing posts with label Nasdaq Composite. Show all posts
Showing posts with label Nasdaq Composite. Show all posts

Friday, September 24, 2010

Futures Rise Slightly Before Durable Goods Data

There's No Business Like FOX Business
Stock futures pointed to a slightly-positive open on Friday as Wall Street waits for durable goods and new home sales data out this morning.
As of 7:30 a.m. in New York, the Dow Jones Industrial Average futures rose 38 points, or 0.36%, to 10644, the S&P 500 futures rose 4.6 points to 1125.00 and the Nasdaq 100 futures rose 10.75 points to 1992.25.
U.S. investors will get durable goods data at 8:30 a.m. ET followed by new homes sales shortly after the market open at 10 a.m. ET.
Economists are looking for durable goods orders to drop 1.4% for the August report, according to Thomson Reuters, compared with the 0.4% rise reported for July.
New home sales are expected to bounce off the multi-year low of 276,000 annualized units that was reported in the July data and rise to 291,000 units.
Gold remains in rally mode, striking $1,300 a troy ounce earlier this morning before backing off some. Oil was up 0.3% to $75.41 a barrel.
On Thursday, the Dow sank 76.89 points, or 0.72%, to 10662.42, the Standard & Poor's 500 fell 9.45 points, or 0.83%, to 1124.83 and the Nasdaq Composite dropped 7.47 points, or 0.32%, to 2327.08. The FOX 50 dropped 6.40 points, or 0.78%, to 813.71.

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