Back to Main

US Futures Cling to Gains Ahead of Home Sales Data

By: MT Newswires
Posted: 2/21/2014 9:10:00 AM
Referenced Stocks: GRPN;DISH

U.S. stock futures gave up some ground gained earlier Friday before the market open, but were still slightly higher in the wake of positive manufacturing data Thursday and before home sales.

At 10:00 a.m., existing home sales in January are expected to have dropped 4.1% compared to a 1% gain in December. At 01:45 p.m. Dallas Fed President Richard Fisher will speak on the economic outlook. He said last week that only something "truly frightening" could cause him to rethink the pace of tapering.

In equities, Groupon ( GRPN ) was down over 12% in pre-market trade, after warning of a Q1 adjusted loss and as RBC Capital cut the rating on the stock to underperform with a $7 price target compared to $11 previously. Dish Network ( DISH ) meanwhile was higher by more than 3% after Q4 earnings beat estimates.


-Dow Jones Industrial up 0.09%

-S&P 500 futures up 0.10%

-Nasdaq 100 futures up 0.10%

-Nasdaq-100 Pre-Market Indicator up 0.19%


Nikkei up 2.88%

Hang Seng up 0.78%

Shanghai Composite down 1.01%

FTSE-100 up 0.17%

DAX-30 up 0.11%


(+) Large cap tech: flat to higher

(+) Chip stocks: flat to higher

(+/-) Software stocks: flat

(+) Hardware stocks: higher

(+) Internet stocks: higher

(+/-) Drug stocks: mixed

(+) Financial stocks: higher

(+/-) Retail stocks: mixed

(+/-) Industrial stocks: mixed

(+/-) Airlines: flat to higher

(+) Autos: higher


(+) HPQ (+0.8%) CEO Whitman expects more acquisitions

(+) ESC (+34.9%) Co will merge with Brookdale Senior Lving in $2.8 billion deal

(+) WBAI (+3.1%) Q4 results beats views

(+) ISIS (+7.6%) Drug improves muscle function in spinal muscular atrophy

(+) COMM (+17.6%) Beats earnings


(-) FLTX (-17.1%) Reports weaker than expected earnings

(-) TC (-6.4%) Q4 adjusted net loss widens