- Analytics
- News and Tools
- Market News
- Before the bell: Stocks may open higher
Before the bell: Stocks may open higher
U.S. stocks futures point for an early rebound Friday, as oil prices slipped and investors awaited another economic data.
Oil prices, which sank 2% in earlier trading, may also give markets a boost Friday.
U.S. stocks closed mixed on Thursday, as weakness in the tech sector countered stronger-than-expected reports on the housing market and unemployment.
Economy: After the market open, the University of Michigan will release its initial June consumer sentiment index at 13:55 GMT. Economists are looking for the index to fall to a reading of 73.5, from May's reading of 74.3.
The Conference Board will release its report on Leading Economic Indicators for May at 14:00 GMT. Economists forecast a decline of 0.4%, following a 0.3% drop in the previous month.
Companies: Shares of Research in Motion (RIMM) tumbled 18% in premarket trading, after the BlackBerry-maker slashed its full-year earnings outlook by 30% and announced layoff plans after the market closed Thursday.
Capital One (COF, Fortune 500) plans to acquire ING Direct. But after the announcement, Moody's warned of a possible downgrade and said it is reviewing Capital One's financial strength and long-term ratings. Shares of the bank fell more than 1% before the market open.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
