Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Stock futures rise, focus on data

09/04/2012 | 04:47am US/Eastern
Recommend:
0

Stock futures pointed to a higher opening on Wall Street on Tuesday, tracking gains in Europe on Monday when the U.S. market was closed for the Labor Day holiday. Futures for the S&P 500, the Dow Jones and the Nasdaq 100 rose 0.2 to 0.4 percent.

The Institute for Supply Management releases its August manufacturing index at 10:00 a.m. EDT. Economists expect a reading of 50.0, versus 49.8 in July.

Xerox Corp (>> Xerox Corporation) and a wholly-owned unit that contracted with the U.S. state of Texas to process dental claim forms are being investigated to see if they helped allow dentists to submit higher-than-required bills under the state's Medicaid system, the Wall Street Journal reported.

Markit Economics Limited releases the U.S. final Markit Manufacturing PMI for August at 1258 GMT. The index read 51.9 in a preliminary estimate.

Heckmann (>> Heckmann Corporation) said it would buy privately-held environmental services firm Power Fuels for about $380.5 million in cash and shares, to expand the waste water management group's footprint in the Bakken Shale basin, an unconventional oil shale.

The Commerce Department releases July construction spending numbers at 1400 GMT. Economists forecast a rise of 0.4 percent, a repeat of the June increase.

U.S. Secretary of State Hillary Clinton has pledged to take a strong message to Beijing this week on the need to calm regional tensions over maritime disputes that have raised broader fears of military friction between the two major Pacific powers.

European shares <.FTEU3> fell 0.3 percent on Tuesday, with caution from investors ahead of a European Central Bank (ECB) meeting later this week limiting traders' appetite to buy riskier assets such as equities.

Moody's Investors Service has changed its outlook on the Aaa rating of the European Union to negative, warning it might downgrade the bloc if it decides to cut the ratings on the EU's four biggest budget backers: Germany, France, UK and Netherlands.

U.S. stocks rose on Friday after Federal Reserve Chairman Ben Bernanke, expressing "grave concern" for the stagnating U.S. job market, said the central bank was prepared to take further steps to strengthen the economy if necessary.

The Dow Jones industrial average <.DJI> was up 90.13 points, or 0.69 percent, at 13,090.84. The Standard & Poor's 500 Index <.SPX> was up 7.10 points, or 0.51 percent, at 1,406.58. The Nasdaq Composite Index <.IXIC> was up 18.25 points, or 0.60 percent, at 3,066.96.

(Reporting by Atul Prakash)

Stocks treated in this article : Heckmann Corporation, Xerox Corporation
Recommend :
0
React to this article
Latest news
Date Title
<1m ago FIRST MID : ILLINOIS BANCSHARES INC : Results of Operations and Financial Condition, Change in Directors or Principal Officers (form 8-K)
<1m ago ZIMMER : 2Q profit climbs 16 percent
<1m ago CARTERA COMMERCE : CFO Named a Finalist in the Boston Business Journal’s CFO of the Year Awards
1m ago FORD MOTOR : rises 1.2% after Q2 EPS beats estimates
1m ago GENERAL MOTORS : slumps 2.8% after Q2 earnings miss
1m ago CATERPILLAR : falls 1.6% in pre-market trade after missing on Q2 revenue
1m ago ALSTOM : to enhance reliability of FirstEnergy’s transmission network
1m ago SIGMA ALDRICH : NASDAQ - SIAL) Reports Record Q2 2014 Results With Sales Of $701 Million And Diluted EPS Of $1.11. Raises Lower-End Of Full-Year 2014 Adjusted Diluted EPS Guidance To A New Range Of $4.32 To $4.40.
1m ago ARAMARK : Receives Honda Motor Company Performance Excellence Award
1m ago BANKUNITED : Reports Second Quarter 2014 Results
Latest news
Advertisement
Hot News 
MAPLE ENERGY : Shares Double As It Is Approached For Possible Takeover
BYOTROL : Grant of Options 24th Jul 2014
INDIGOVISION : Technology Expo to tour Australia in July
MATTERSIGHT : Patent Issued for Method and System for Analyzing a Communication by Applying a Behavioral Model Thereto
CARTER : Reports Second Quarter Fiscal 2014 Results
Most Read News
1d ago FACEBOOK : beats Wall Street targets, stock hits record high
1d ago QUALCOMM : struggles to collect royalties in China, stock falls
1d ago BOMBARDIER : to cut 1,800 jobs, aerospace head retires
1d ago MCDONALD : Meat supplier in China food scandal grew with McDonald's
1d ago NOVO NORDISK A/S : New Colitis Study Results from Novo Nordisk Described (Predictive validity and immune cell involvement in the pathogenesis of piroxicam-accelerated...
Most recommended articles
7d agoDJU.S. Industrial Production-Historical
2m ago In the big bank asset sell-off, clarity is key - UBS chief
2m agoDJU.S. New Home Sales Fall in June
11m agoDJMARKET SNAPSHOT : U.S. Stocks Pare Gains; Home Sales Disappoint
16m agoDJU.S. Markit Flash PMI Falls to 56.3 in July
Dynamic quotes  
ON
| OFF