Stock futures are higher as bullish Chinese economic data and
upbeat earnings from Google (
), Morgan Stanley (
) and Schlumberger (
) help to restore investor confidence after yesterday's volatile
session. Coupled with a sub-2.60% yield in the Treasury 10 year
note providing an interest-rate friendly environment, the equity
markets are shrugging off recent events within Congress and looking
for extend gains for a third straight day.
European markets are also higher in the wake of a better than
expected increase in China's GDP, retail sales and industrial
production. In addition, encouraging political developments in
Germany drove the DAX to another record high with Chancellor Angela
Merkel closer to forming a coalition government with the Social
-Dow Jones Industrial up 0.13%
-S&P 500 futures up 0.23%
-Nasdaq 100 futures up 0.51%
Nikkei down 0.17%
Hang Seng up 1.06%
Shanghai Composite up 0.24%
FTSE-100 up 0.45%
DAX-30 up 0.23%
PRE-MARKET SECTOR WATCH
(+) Large cap tech: higher
(-) Chip stocks: lower
(-) Software stocks: lower
(+) Hardware stocks: higher
(+) Internet stocks: higher
(+) Drug stocks: higher
(+) Financial stocks: higher
(+/-) Retail stocks: flat
(+) Industrial stocks: higher
(+/-) Airlines: flat
(+) Autos higher
GOOG (+9.14%) Beat expectations with non-GAAP EPS of $10.74.
MS (+3.70%) Reported Q3 EPS of $0.50 and revenue of $7.90 bln,
vs.consensus of $0.41 and $7.52 bln, respectively.
CMG (+7.85%) Q3 revenue increased 18.0% to $826.9 million and
diluted earnings per share was $2.66, an increase of 17.2% versus
expectations of $820 million in revenue and earnings of $2.78.
ARIA (-28.44%) Ariad is discontinuing the Phase 3 EPIC trial of
Iclusig in patients with newly diagnosed chronic myeloid leukemia.
FDA is investigating the drug in response to cardiac-related side
ISRG (-7.31%) The stock was downgraded by Northland Capital to
Underperform from Market Perform and price target cut nearly
AMD (-11.74%) The chip-maker reported a quarterly profit for the
first time since early 2012, but was less optimistic about the
current period than analysts expected
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