Futures Rise Ahead Of Wednesday Earnings
Futures are heading higher in premarket trading Wednesday ahead of a slew of earnings reports. Time Warner Inc. (TWX), Visa Inc. (V), News Corp. (NWSA), and CVS Caremark Corp. (CVS) are just a few key companies scheduled. The economic calendar is clear on the session ahead of Thursday’s weekly jobless claims number. So far in premarket trading, futures for the Dow Jones Industrial Average gained 14 points to 13,924. Futures for the Standard & Poor’s 500 index rose 0.9 point to 1,506.80. Those for the Nasdaq 100 index edged down 0.8 point to to 2,748.50.
Wall Street rebounded with solid gains on Tuesday, just a day after posting its worst session of 2013. The blue chips were unable to regain the 14K mark however as the Dow Jones Industrial Average ended up 99.22 points, or 0.7%, to 13,979.30. The S&P 500 climbed 15.58 points, or 1%, to 1,511.29, with technology performing best among its 10 sectors groups, all of which ended higher. The Nasdaq Composite Index advanced 40.41 points, or 1.3%, to 3,171.58.
Currencies and Commodities
The dollar rose 0.05% at 93.6800 yen in the currency market. The euro is losing 0.36% at $1.3534 while the pound is appreciating 0.06% to $1.5669. Gold is down $3.00 to $1,670.50, while silver is off 0.69% at $31.66. Light, sweet crude for March delivery is losing 60 cents at $96.04 per barrel on the NYMEX; a 0.62% decline.