US Stock Futures Chip Away At New Records As Retailers Report Robust Demand


Stock futures are higher again this morning and poised to break new record highs during the regular- albeit abbreviated -- trading session. Investors are encouraged by not only the market's resilience, but by early retail sales projections for Black Friday and the broader holiday season. The absence of any significant profit-taking pressure at nose-bleed levels for the Dow Industrials and S&P 500 continues to fuel the momentum higher with investors unwilling to go against the trend in an environment of easy monetary policy and moderate economic growth.

Overseas markets were also higher with the exception of Japan's Nikkei, which fell under light pressure following an incident between China and Japan after China sent warplanes into its newly declared maritime air defense zone in the East China Sea days after the U.S., Japan and South Korea sent planes into the area in defiance of China. European markets were on the plus side as a result of upbeat EU economic data and a slight gain in inflation, the combination of which should discourage the ECB from cutting rates again.

-Dow Jones Industrial up 0.22%

-S&P 500 futures up 0.24%

-Nasdaq 100 futures up 0.45%


Nikkei down 0.41%

Hang Seng down 1.53%

Shanghai Composite up 0.05%

FTSE-100 up 0.34%

DAX-30 up 0.07%


(+) Large cap tech: higher

(+) Chip stocks: higher

(+) Software stocks: higher

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: flat

(+) Drug stocks: higher

(+) Financial stocks: higher

(+) Retail stocks: higher

(+) Industrial stocks: higher

(+) Airlines: higher

(+) Autos flat


DSS (+17.55%) The company's DSS Technology Management unit has filed a patent lawsuit against Apple ( AAPL ).

ZOOM (+202.08%) Agreed to acquire mobile-advertising company Beijing Baifen Tonglian Information & Technology Co. in a stock deal.

RIO (+5.59%) Suspending alumina production at its Gove alumina refinery in Australia after determining the refinery is no longer a viable business in the current market environment.


ONVO (-5.34%) Organovo agreed to an Equity Distribution Agreement under which it may sell as many as 4 million shares.

IPCI (-11.48%) The company announced plans to sell 5.3 mln common shares

RENN (-11.34%) Reported a Q3 adjusted loss of $19.7 million, wider than the loss of of $12.1 million in the corresponding period in 2012.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: AAPL

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