US stock futures were higher Thursday, extending yesterday's
surge in the wake of the U.S. Federal Reserve's decision to keep
buying about $85 billion in assets every month. The Fed had been
expected to start weaning markets off the asset purchases - known
as quantitative easing - cutting back on purchases by about $10
Stock markets made sharp gains here and abroad on Fed Chairman
Ben Bernanke's announcement, even as the Fed cut its projection for
2013 economic growth to between 2.0% and 2.3%, down from the June
estimate between 2.3% and 2.6%.
Meanwhile, weekly initial jobless claims rose 15,000 to 309,000,
less than the consensus estimate of 341,000.
In equities, Oracle (
) slipped 0.47% pre-market as its Q2 revenue grew less than the
market had expected. Agilent Technologies (
) meanwhile added nearly 11% after saying it plans to split in two
to better capitalize on the company's assets.
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