09:16 ET Dow , Nasdaq , S&P : [BRIEFING.COM] S&P futures vs fair value: -0.50. Nasdaq futures vs fair value: +5.50. Stock futures currently point to a mixed start amid in-line results from Citigroup (C) and a stronger dollar, which is close to a 0.7% gain against competing currencies. Despite such a strong bounce by the buck, commodity prices are also somewhat mixed this morning. Other headlines to note as the opening bell draws near: Dow component Kraft (KFT) has acquired Cadbury (CBY) for a $19.4 billion mix of cash and stock after several months since Kraft first made a hostile bid; Europe's markets have pared losses, but overall overseas action remains mixed, and; Hong Kong's Hang Seng may be opened to additional Asian investors, while China's central bank has rekindled concerns for tighter monetary policy with a second week of higher yields on its auctioned Notes. Nasdaq at... NYSE Adv/Dec 0/0... Nasdaq Adv/Dec 0/0.
09:00 ET Dow , Nasdaq , S&P : [BRIEFING.COM] S&P futures vs fair value: -1.30. Nasdaq futures vs fair value: +2.00. Since Citigroup (C) announced an in-line loss of $0.33 per share for its latest quarter, its shares have slipped 3.2% to $3.31 per share in premarket trade. However, the broader futures market has made its way off of its morning lows. Still, a rather mixed start looks to be in order. Commodity prices are also mixed as gold prices sport a 0.3% gain at $1134 per ounce, but oil prices fall 1.2% to $77 per barrel in the first few minutes of pit trade. |
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