|
 * Amazon.com shares jumped 18.3 percent to $570.56 in premarket
trading, a day after the online retailer posted an unexpected
quarterly profit.
* Dow component Visa was up 4.7 percent at $75.15 after the credit
and debit card company's results handsomely beat expectations.
* Starbucks rose 4.3 percent to $59 after the world's biggest coffee
chain reported a higher quarterly profit.
* U.S. stocks ended lower on Thursday, with the blue-chip Dow Jones
industrial average slipping back into the red for the year, after
disappointing corporate results and forecasts added to concerns
about the U.S. profit outlook.
* Second-quarter S&P 500 earnings have been mixed, with 75 percent
of companies so far beating analysts' profit expectations but just
52 percent surpassing revenue expectations, according to Thomson
Reuters data.
* Adding to the concerns regarding lukewarm earnings, the S&P 500 is
relatively expensive, trading at 16.9 times forward 12 months'
earnings, above the 10-year median of 14.7 times, according to
StarMine data.
* Investors will continue to focus on earnings report with nearly
half of the S&P 500 companies having reported results.
* Biogen fell 5.7 percent to $363 after the biotechnology company's
forecast came in below consensus.
* American Airlines rose 2.1 percent to $43.50 after the company's
quarterly profit beat estimates.
[to top of second column] |
* Data expected of Friday includes new single-family home sales for
June, which is likely to remain steady at 0.546
million units. The data is expected at 10 a.m. ET (1400 GMT).
* Financial data firm Markit's preliminary Manufacturing Purchasing
Managers' Index for July is expected to be unchanged at 53.6. The
numbers are expected at 9:45 a.m. ET.
Futures snapshot at 7:16 a.m. ET:
* S&P 500 e-minis were up 3 points, or 0.14 percent, with
77,068 contracts traded.
* Nasdaq 100 e-minis were up 12 points, or 0.26 percent, on volume
of 14,346 contracts.
* Dow e-minis were up 19 points, or 0.11 percent, with 9,214
contracts changing hands.
(Editing by Don Sebastian)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
