US stock index futures indicated that equities could continue to
fall, and commodity prices held gains Wednesday morning as the
world grows weary of a possible international intervention in
The increasing likelihood of war pushed stocks lower yesterday.
Worldwide stocks declined sharply and US stock futures are lower
(INDEXDJX:.DJI) futures were down 0.58% to 14,845 while futures
contracts on the
(INDEXSP:.INX) fell 0.65% to 1,643.40.
(INDEXNASDAQ:.IXIC) futures slipped 0.79% to 3,096.25.
Gold rose 0.33% to $1,424.90, its highest level of the summer. US
bonds continued to rise. The 10-year's yield rose 2 basis points to
2.73%. Brent crude oil futures rose $1.01 to $115.37/barrel, the
highest since 2011.
Today's economic calendar is rather quiet except for the National
Association or Realtors' pending home sales index for July. Experts
believe that the index will show that housing contracts that are
signed but not closed fell 1% after falling 0.4% in June.
European and Asian markets were mostly in negative territory on
Wednesday morning. Italian retail sales fell more than expected in
June on a yearly basis, sales were down 3%. German consumer
sentiment fell. Gfk's forward-looking index fell 0.1 points to 6.9
in September, the first decline in eight months. Due to low
interest rates, however, Gfk's research found that consumer's
willingness to make large purchases was the highest since 2006.
) will probably yield to activist shareholders and give them more
of its massive $77 billion cash hoard, most of which is held
overseas. ValueAct, Microsoft's biggest shareholder, is clamoring
for a bigger dividend.
found that in September, it is likely for Microsoft to increase its
cash payout by 13% to $0.26 per share
Shares of mining equipment maker
) fell 3.7% in the pre-market despite beating earnings estimates.
The company posted a 5.3% fall in profit in the fiscal third
quarter. It earned $1.71 per share on $1.32 billion in sales.
) is looking to boost its growing direct e-commerce sales by buying
up at least three warehouses. This move puts Groupon in direct