HEADED FOR MIXED OPEN

Check premarkets on CNNMoney.

Click the chart for more premarket data.

NEW YORK (CNNMoney) — U.S. stocks are poised for a mixed open Wednesday, as investors try to make sense of a mixed bag of earnings and await the latest inflation data.

SP 500 (SPX) and Dow Jones industrial average (INDU) futures were up, while Nasdaq (COMP) futures fell ahead of the opening bell. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.

On Tuesday, stocks surged into the close, following a report suggesting that Europe’s bailout fund may get a big boost.

The gains pushed the Nasdaq in positive territory for 2011, while the Dow is at breakeven. The SP 500 remains in the red, but the broad index finished at its highest level since Aug. 3.

Economy: The government will release its Consumer Price Index, a key measure of inflation, before the opening bell. The latest reading is expected to have increased by 0.3% in September, after edging up 0.4% the previous month, according to a consensus of analysts surveyed by Briefing.com.

Core CPI, which strips out volatile food and energy prices, is expected to have risen 0.2% during the month, the same as August.

Data on housing starts and building permits will also be released before the opening bell. Analysts surveyed by Briefing.com expect a slight increase in housing starts, and a slight decrease in building permits.

In the afternoon, the Federal Reserve will release it latest Beige Book report.

On Tuesday, Moody’s Investors Service downgraded Spain’s government bond ratings to A1 from Aa2. This follows similar action taken by Standard Poor’s last week.

Companies: Morgan Stanley (MS, Fortune 500) and BlackRock (BLK, Fortune 500) will announce their third-quarter results before the opening Wednesday.

After the bell on Tuesday, Apple (AAPL, Fortune 500) reported a 39% increase in third quarter sales to $28.3 billion, but still badly missed analyst estimates. Apple shares were down 5.5% in light premarket trading.

Yahoo’s (YHOO, Fortune 500) sales and earnings in the third quarter fell compared to last year, but came in ahead of analyst forecasts.

Intel (INTC, Fortune 500) announced earnings that beat analyst estimates, sending the stock up 3.9% in early morning trading.

World markets: European stocks climbed in morning trading. Britain’s FTSE 100 (UKX) rose 1.1%, the DAX (DAX) in Germany gained 1.4% and France’s CAC 40 (CAC40) added 1.1%.

Asian markets ended mixed. The Shanghai Composite (SHCOMP) slipped 0.3%, while the Hang Seng (HSI) in Hong Kong rose 1.3% and Japan’s Nikkei (N225) ticked up 0.4%.

Currencies and commodities: The dollar fell against the euro, the Japanese yen and the British pound.

Oil for November delivery gained 6 cents to $88.40 a barrel.

Gold futures for December delivery rose 40 cents to $1,653.20 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 2.22% from 2.15% late Tuesday.  To top of page

Article source: http://rss.cnn.com/~r/rss/money_topstories/~3/nNjkO6BbhDA/index.htm

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com
Bunk Beds