SmarTrend Morning Market Update: April 22, 2010
July 7th, 2010 | 
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US stock futures are trading lower Thursday as concerns grow over the state of Greece’s economy following further warning and as the telecom sector enters the spotlight after a major merger and disappointing results from Nokia (NYSE:NOK) and Qualcomm (NASDAQ:QCOM). The Eurostat statistics agency criticized the quality of Greece’s budget data and said that the country’s deficity may be revised higher by as much as half a percentage point from 13.6%.Economic reports due out include weekly jobless claims and a reading on US producer prices for March, followed by data on sales of existing homes after the market opens. In corporate news, Qwest Communications (NYSE:Q) reached a deal to be bought by CenturyLink (NYSE:CTL) for about $11 billion in stock. Nokia (NYSE:NOK) missed analyst expectations despite reports a near tripling of profit. Marriott International (NYSE:MAR) reported a fiscal Q1 net profit of $83 million, or $0.22 per share, up from a loss of $23 million in the year-ago period. Revenues rose 5.2% year-over-year to $2.63 billion, up from $2.5 billion. The Dow Jones Industrial Average (DJI) futures are trading 45.00 points below fair value, the S&P500 (INX) futures are trading 7.40 points below fair value, and the Nasdaq Composite (IXIC) futures are trading 12.75 points below fair value.
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SmarTrend Morning Market Update: April 22, 2010
US stock futures are trading lower Thursday as concerns grow over the state of Greece’s economy following further warning and as the telecom sector enters the spotlight after a major merger and disappointing results from Nokia (NYSE:NOK) and Qualcomm (NASDAQ:QCOM). The Eurostat statistics agency criticized the quality of Greece’s budget data and said that the country’s deficity may be revised higher by as much as half a percentage point from 13.6%.Economic reports due out include weekly jobless claims and a reading on US producer prices for March, followed by data on sales of existing homes after the market opens. In corporate news, Qwest Communications (NYSE:Q) reached a deal to be bought by CenturyLink (NYSE:CTL) for about $11 billion in stock. Nokia (NYSE:NOK) missed analyst expectations despite reports a near tripling of profit. Marriott International (NYSE:MAR) reported a fiscal Q1 net profit of $83 million, or $0.22 per share, up from a loss of $23 million in the year-ago period. Revenues rose 5.2% year-over-year to $2.63 billion, up from $2.5 billion. The Dow Jones Industrial Average (DJI) futures are trading 45.00 points below fair value, the S&P500 (INX) futures are trading 7.40 points below fair value, and the Nasdaq Composite (IXIC) futures are trading 12.75 points below fair value.
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- Stocks Posting Sharp Losses In Early Afternoon Trading – U.S. Commentary
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- NCESC Unemployment Benefits – www.ncesc.com « Breaking News
- How can i get money?I am a jobless person and don’t have any source of income with me.?