Stock Futures Indicating Weaker Start; Eyes Ahead to Nonfarm Employment Data Friday
U.S. PRE-MARKET INDICATORS
-Dow Jones Industrial futures down 12 points.
-S&P 500 futures down 2.6 points.
-Nasdaq 100 futures down 4.25 points.
-Nasdaq Pre-Market indicator down 4.25 points
Nikkei up 0.5%
Hang Seng up 0.3%
Shanghai Composite down 0.9%
FTSE-100 down 0.2%
PRE-MARKET SECTOR WATCH
(+) Large cap tech: mostly higher
(+) Chip stocks: mixed
(+) Software stocks: higher
(+) Internet stocks: mixed
(-,+) Drug stocks: mixed
(+) Financial stocks: down
(+,-) Retail stocks: mixed
(+) DNDN (+4.2%)
(+) DRYS (+3.5%)
(+) TSLA (+13.2%)
(+) SYMX (+33.7%)
(+) HRZ (+2,4%)
(+) LSE (-5.4%)
(+) NLTX (+93.4%)
(+) RXII (+12%)
(-) GMR (-6.5%)
(-) LVS (-4.1%)
(-) NXPI (-1.9%)
Stock futures are tilting lower ahead of the open as weekly jobless claims figures remain nearly the same. The US Department of Labor said the number of people who filed initial jobless benefits applications declined by 6,000 to a seasonally adjusted 388,000 in the week ended March 26. Later today, the Chicago purchasing managers index for March and factory orders for February will hit.
Eyes are looking ahead to tomorrow for the release of nonfarm payrolls and the unemployment rate for March.
In company news:
Nile Therapeutics ( NLTX ) announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to Nile's post-acute development program for cenderitide, which has the goal of reducing cardiovascular mortality and cardiovascular re-hospitalization in the post-acute period in patients with acute decompensated heart failure.
Las Vegas Sands ( LVS ) is under sharp downside pressure this morning following reports that Sands China, the company's Macau unit, is under investigation by the Hong Kong Securities and Futures Commission, according to a Reuters wire report. The inquiry relates to alleged breaches of regulations, according to the report.
Johnson & Johnson ( JNJ ) will revamp its Tylenol unit, the Wall Street Journal reports tonight. Little other details were immediately known. Johnson & Johnson issued another round of recalls of over-the-counter medicines Tuesday, citing quality lapses similar to those implicated in a series of recalls since 2009, the WSJ said.
BP Plc ( BP ) is lower in pre-market action. Lawyers suing the oil giant said in a court filing that the company had used chemical dispersants to fight last year's oil spill on the Gulf of Mexico and should compensate the cleanup crew and residents harmed by those toxic chemicals, according to AP.
CarMax ( KMX ) reports Q4 sales of $2.25 bln, up from $1.83 bln in the year ago quarter. EPS was $0.39, up from $0.33 per share. The Street view was $2.18 bln in sales and EPS of $0.38 per share.
Commodities are tilting higher as June gold contracts are up 0.7% while oil is up 1.3%. In energy ETFs, the United States Oil Fund (USO) is up 1.2% to $42.14 and the United States Natural Gas fund (UNG) is down 0.4%.