Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

U.S. futures mixed amid E.Z. concerns; Dow Jones up 0.12%

Published 10/24/2011, 08:34 AM
NDX
-
UK100
-
FCHI
-
DJI
-
DE40
-
STOXX50
-
JP225
-
HK50
-
C
-
BAC
-
CAT
-
AABA
-
FTNMX551030
-
Investing.com - U.S. stock futures pointed to a mixed open on Monday, amid ongoing concerns over the capacity of European leaders to tackle the region's debt crisis.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.12%, S&P 500 futures signaled a 0.08% fall, while the Nasdaq 100 futures indicated a 0.11% increase.

Market sentiment strengthened earlier, as European leaders appeared to be making progress on a plan to stem the region's debt crisis, including measures to recapitalize banks and boost the euro zone's rescue fund, but divisions remained on Greek debt restructuring.

Final decisions were deferred to a follow-up meeting scheduled on Wednesday.

Netflix was one of the top gainers of the day, with shares shooting up 4.99% after the media streaming company confirmed that it will launch a subscription service in Great Britain and in Ireland in early 2012. The U.S.-based firm was due to report quarterly earnings after the close of markets.

Also in the Internet field, shares in Comcast surged 3.20%, while Google jumped 1.17% after saying that it has spoken to at least two private equity firms about possibly helping the company to buy Yahoo Inc's core business, according to the Wall Street Journal. 

Elsewhere, Caterpillar announced that its total quarterly revenue rose 4% to USD668 million, well above expectations, sending shares up 3.71%. The world's largest maker of construction and mining equipment also said that it is continuing to add jobs, after creating nearly 5,000 between June and September alone.

The U.S. financial sector added to gains, as shares in Goldman Sachs climbed 1.22% and JP Morgan rose 0.88%, while Citigroup saw shares advance 0.73%. Bank of America was on the downside, however, with shares falling 0.15%.

Other stocks in focus included Texas Instruments, due to report third-quarter earnings later in the day. Investors are eager to see whether there was any improvement in demand for its chips, used in everything from cars to cellphones, ahead of the holiday shopping season.
 
Across the Atlantic, European stock markets were mixed. The EURO STOXX 50 shed 0.45%, France’s CAC 40 slipped 0.27%, Germany's DAX inched down 0.15%, while Britain's FTSE 100 posted an 0.19% increase.

During the Asian trading session, Hong Kong's Hang Seng Index rallied 3.9%, while Japan’s Nikkei 225 Index jumped 1.9%.

Also Monday, a preliminary report showed that the Chinese HSBC manufacturing activity index rose to 51.1 in October, a five-month high after contracting in the three previous months.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.