Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Dow Jones Poised for Early Gains

LONDON -- Stock index futures at 7 a.m. EST indicate that the Dow Jones Industrial Average (DJINDICES: ^DJI  ) may open 0.33% higher this morning, while the S&P 500 (SNPINDEX: ^GSPC  ) may open up by 0.35%. The S&P has closed higher for seven consecutive days, while the Dow Jones is within 300 points of its all-time high and is up 5.5% so far this year.

With all eyes focused on stocks, today looks likely to be another quiet day on the economic-data front. Weekly U.S. export data is due at 8:30 a.m. EST, followed at 10 a.m. EST by December's new home sales, which are expected to show a 2.1% gain after rising 4.4% in November.

Corporate earnings
It's another big day for earnings, and forest products company Weyerhaeuser started the day with above-expectation fourth-quarter earnings of $0.26 per share, beating the consensus forecast of $0.20 per share. Weyerhaeuser also updated its near-term guidance, saying that it expected "significantly higher" earnings from its key wood-products business.

Other big names expected to report before markets open include Halliburton, Procter & Gamble, Oshkosh, Honeywell International, and Kimberley-Clark. So far this year, a majority of companies have reported results ahead of analysts' forecasts despite Wednesday's disappointing report from Apple, which closed down by more than 12% yesterday. Shares in Tempur-Pedic International could also extend yesterday's gains when trading starts after the company beat earnings expectations -- Tempur-Pedic stock gained 18% in premarket trading this morning after adding 9.2% yesterday.

European markets
The main European markets moved ahead decisively this morning, but the FTSE 100 was left behind slightly after the latest U.K. GDP figures revealed that the U.K. economy shrank by 0.3% in the final quarter of 2012, raising fears that Britain is heading for a triple-dip recession. The Q4 fall means that the U.K. economy failed to grow at all last year and remains 3.5% below its 2007 peak.

As of 7:45 a.m. EST, the DAX is up 1.3%, the CAC 40 is up 0.66%, the FTSE MIB is up 0.43%, and the IBEX 35 is up 0.43%. In London, the FTSE 100 (FTSEINDICES: ^FTSE  ) has made a small gain of 12 points, or 0.19%. International Consolidated Airlines, which operates British Airways, was the most significant riser, up by 1.9% on above-average volume after it received a broker upgrade from JPMorgan Cazenove.

Billionaire investor Warren Buffett rarely invests outside the U.S., but he did recently invest $1 billion in an FTSE 100 blue-chip brand, expanding his stake in the company to more than 5%. The business concerned is a famous British name with global expansion potential -- and you can discover the identity of the company and the price he paid in this special exclusive report. Best of all, the report is free, so download it today while it's still available.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2215277, ~/Articles/ArticleHandler.aspx, 9/26/2016 1:45:37 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,107.57 -153.88 -0.84%
S&P 500 2,148.11 -16.58 -0.77%
NASD 5,260.03 -45.72 -0.86%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes