Stock index futures signal flat to higher open
November 9, 2012 9:21 PM EST
Stock index futures pointed to a flat to higher open on Wall Street on Friday, with futures for the S&P 500 up 0.15 percent, Dow Jones futures flat and Nasdaq 100 futures up 0.29 percent at 1000 GMT.
World stocks were on course for their worst weekly performance since June on Friday as concerns over the U.S. fiscal cliff and the outlook for Europe hit sentiment.
Activist investor Carl Icahn said on Thursday he has considered a hostile takeover bid for Netflix
Mexico's top cement maker Cemex
Energizer Holdings Inc
Career Education Corp
TSMC <2330.TW>, the world's biggest contract chip maker, said on Friday that sales in October rose 32.3 percent from a year earlier to a record high.
Allscripts Healthcare Solutions Inc
Merrill Lynch, part of Bank of America Corp
Rare earth producer Molycorp Inc
Chrysler Group LLC's minority owner is expected to lay out its argument on Monday in a legal dispute over the price Italian carmaker Fiat
Russia's second-largest crude producer, LUKOIL
President Barack Obama and the U.S. Congress must urgently confront the country's looming year-end "fiscal cliff," a senior Federal Reserve policy-maker said on Thursday. "This could cause tremendous damage to the U.S. economy if it is not addressed in an appropriate way," St. Louis Federal Reserve President James Bullard told reporters.
The International Monetary Fund on Thursday urged the United States to quickly reach an agreement on a permanent fix to avoid automatic tax hikes and spending cuts early next year, saying a stop-gap solution could be harmful to the global economy.
On the macro front, investors awaited the Thomson Reuters/University of Michigan's preliminary November consumer sentiment index, due at 1455 GMT, expected to show a reading of 83.0 compared with 82.6 in the final October report.
Investors will also keep an eye on wholesale inventories for September, due at 1500 GMT.
U.S. stocks fell on Thursday and could be in line for more weakness as worries about Washington's ability to find a timely solution to the "fiscal cliff" dominate investor thinking in coming weeks.
The Dow Jones industrial average <.DJI> lost 121.41 points, or 0.94 percent, to end at 12,811.32. The Standard & Poor's 500 Index <.SPX> fell 17.02 points, or 1.22 percent, to 1,377.51, ending at its lowest level since August 2. The Nasdaq Composite Index <.IXIC> dropped 41.70 points, or 1.42 percent, to close at 2,895.58.
(Reporting by Blaise Robinson)
Most Popular Slideshows
- Derek Jeter With The New York Yankees Through The Years [IN PICTURES]
- George Clooney And Amal Alamuddin's Wedding In Venice: Photos Of Groom And His Family, Friends [Slideshow]
- NFL Recap - Week 4: Green Bay Packers 38, Chicago Bears 17 [PHOTOS]
- Kendall Jenner Rocks Semi-Nude Balmain Lattice Dress At Paris Fashion Week [PHOTOS]
Join the Conversation
- Forget Nexus 6 Release Date, Android Phones Will Soon Showcase Pure Google Apps & Features
- Galaxy Note 4 Pre Order Starts in the US, Get Samsung Note Ahead of October 14 Release
- $249.99 Motorola Moto 360 Smartwatch's First Promo Out; 'Stone Leather' Replaces 'Gray Leather' - Available In BestBuy [Watch Video]
- iPhone 6 vs Moto G 2014: Motorola’s Budget Smartphone Takes On Apple’s Premium Smartphone
- BlackBerry Passport Sold Out As Preorders Reached 200,000
- iOS 8 And iOS 8.0.2 Security Flaw Revealed, Anyone Can Easily Bypass Touch ID And Passcode Security Features
- Australia Cracks Down On International Money Laundering Syndicate