Stocks Set for Mixed Open as Major Indexes Bounce Off Pre-Market Lows; Techs Weigh

By
A A A

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial Average futures (+0.2%)

-S&P 500 futures (-0.15%)

-Nasdaq Pre-Market indicator (-0.07%)

GLOBAL SENTIMENT

Nikkei down 1.7%

Hang Seng down 1.8%

Shanghai Composite down 1.5%

FTSE-100 down 1.5%

PRE-MARKET SECTOR WATCH

(-) Large cap tech: mostly lower

(+,-) Chip stocks: mixed

(+,-) Drug stocks: mixed

(-) Financial stocks: down

(+,-) Retail stocks: mixed

UPSIDE MOVERS

(+) AMD (+2.5%) upgraded

(+) MDMD (+37.5%) will be bought by DGIT

(+) PIR (+2.4%) tops Q1 estimates

(+) KR (+5.4%) beats on Q1, raises guidance

(+) SFD (+2.1%) beats on Q4 estimates

DOWNSIDE MOVERS

(-) FNSR (-17.6%) reports Q1 view below Street estimates

MARKET DIRECTION

Stock futures are off pre-market lows ahead of the open as a note of caution reigned on lingering concerns over Greece's debt situation. Technology stocks are seeing pressure from a disappointing outlook from Finisar ( FNSR ), which sent computer networking stocks lower.

In data released before the market open, the US Commerce Department reported that the the U.S. current account deficit increased to $119.3 billion in the first quarter. That comes to 3.2% of gross domestic product, and was up from $112.2 billion in the fourth quarter. Also, weekly US jobless claims declined 16,000 to 414,000. The four-week moving average remained flat at 424,750.

Commodities are mixed as August gold contracts are up $2.40 to $1,526.40 an ounce while July crude oil contacts are up $0.18 at $94.63 a barrel.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: FNSR

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

How to Fire Your Adviser
How to Fire Your Adviser            

Stocks

Referenced

Most Active by Volume

75,750,465
  • $16.77 ▲ 0.36%
59,791,764
  • $101.58 ▲ 0.71%
38,720,622
  • $42.59 ▼ 0.28%
37,416,417
  • $46.52 ▼ 0.51%
35,101,793
  • $16.28 ▲ 0.74%
34,987,975
  • $99.53 ▲ 0.15%
33,760,830
  • $3.63 ▲ 0.69%
32,148,671
  • $17.61 ▲ 0.57%
As of 9/17/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com