Stocks are set to extend yesterday's gains after major tech
company earnings delighted investors.
US stock index futures were just slightly higher this morning.
(INDEXDJX:.DJI) futures were up 0.01% at 15,455.00. Futures on the
(INDEXSP:.INX) gained 0.02% to 1,748.80, extending yesterday's
(INDEXNASDAQ:.IXIC) futures climbed 0.27% to 3,380.00.
Durable goods orders in September increased by 3.7% from a month
earlier. Economists expected just a 2.5% increase in orders. The
gains were mostly supported by transportation. Excluding that
category, durable goods orders were down 0.1%.
Still to come, the final reading of October's University of
Michigan/Reuters consumer sentiment survey is likely to come in
lower than the initial estimate. Earlier this month, the index was
75.2, but after more than two weeks of a government shutdown,
economists are expecting it to fall to 74.8.
) shares jumped 7.7% in after-hours trading. The company's third
quarter again saw it coming to a net loss per share of $0.09 while
revenue rose 24% to $17.1 billion. Investors, who are accustomed to
seeing no earnings as revenues swell, were delighted that losses
narrowed from last year and revenue grew 24%, beating expectations.
Recently, Amazon rose the minimum for free shipping to $35 from $25
and the number of Prime customers is growing.
(NASDSAQ:MSFT) rose 6% after reporting better-than-expected
earnings yesterday. Fiscal first quarter profits rose 16% to $5.2
billion, or $0.62 per share. Revenue also climbed 16% to $18.53
billion. The growth was more on the enterprise than consumer side
as companies upgrade computers and buy Office and consumers
increasingly replace their fleet of PCs with tablets. In the
earnings call, the executives did not give any hint on the progress
of the CEO search, which is slated to be finalized by the end of
) shares are up 10.33% this morning after the game company booked a
narrower-than-expected loss of $0.04 per share. It also beat
expectations with revenue of $152 million from 30 million active
(OTCMKTS:SSNLF) reported that net profit rose 25% to 8.05 trillion
won in the third quarter and sales rose 13.2% to 51 trillion won.
The South Korean chaebol's most profitable unit was its mobile
Increasing food prices bumped Japan's consumer price index up to an
annualized 1.1%, which was more than expected.