Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Stock futures rise, focus on data

09/04/2012 | 05:47am US/Eastern

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
Latest news
Date Title
1m ago Departing Barroso sees EU stronger after euro debt crisis
1m ago French Police Experts Praise MoI Efforts Regarding Human Rights
15m ago Raise UK interest rates now, says Bank of England policymaker
21m ago NATIONAL GRID : UK electricity market braced for impact of balancing cost reforms
21m ago NORTHEAST UTILITIES SYSTEM : System Hits New 12-Month High at $48.70 (NU)
21m ago ENTERGY : implodes retired electricity generating units
24m agoDJMARKET SNAPSHOT : Energy, Health Care Earnings To Dominate Week
25m ago Al Gharafa storm to victory, Al Ahli trounce Al Wakra in QSL
28m ago ARAB BANK : records increase in profit
29m ago AL MOUWASAT MEDICAL SERVICES : Mouwasat starts trial operation on Riyadh hospital
Latest news
Advertisement
Hot News 
DIGITAL RIVER : Announces Agreement to be Acquired by Investor Group Led by Siris Capital Group for $26.00 per Share in Cash
EDREAMS ODIGEO : Statement responding to BA and Iberia statement
4IMPRINT : Full Year Expectations Underpinned By Strong Third Quarter
ATLANTIS RESOURCES : Raises GBP5.0 Million In Discounted Placing (ALLISS)
MERIT MEDICAL SYSTEMS : posts 3Q profit
Most Read News
1d ago CHINA MOBILE : Alibaba to form JV for messaging platform
1d ago MEREDITH : Fiscal 2015 First Quarter Earnings Grow Over 20 Percent
5h ago MICROSOFT : NICE Trading Recording Solution Receives Microsoft Lync Qualification
3h ago BANK OF AMERICA : Financial Accounting Foundation Appoints COO
1d ago TESCO : Half Yearly Report
Most recommended articles
<1m ago Departing Barroso sees EU stronger after euro debt crisis
15m ago Raise UK interest rates now, says Bank of England policymaker
24m agoDJMARKET SNAPSHOT : Energy, Health Care Earnings To Dominate Week
43m ago Senior Japan official calls for Abe to delay sales-tax hike
3h ago Panasonic says to transfer Sanyo TV unit in U.S. to Funai Electric
Dynamic quotes  
ON
| OFF