The stock price of The Home Depot, Inc. (HD) is up 2.3% since yesterday’s close following the announcement of its quarterly results. Today, the company reported its results for the fourth quarter of its fiscal year 2013 (4QFY13), which were in line with our expectations.
Canada’s main stock index futures rose on Tuesday, with help from the Chinese central bank’s 255 billion yuan injection into the market that calmed investor worries about a credit crunch in its economy.
* China’s central bank moved to head off another destabilising cash squeeze with a big injection of cash – flagged in advance in a surprising act of transparency to relieve anxious markets.
For the first time in three years, US Quarterly Earnings are Poised to Drop.
Third-quarter earnings of Standard & Poor's 500 companies are now expected to fall 0.1 percent from a year ago, a sharp revision from the July 1 forecast of 3.1 percent growth, Thomson Reuters data showed on Thursday.
That would be the first decline in earnings since the third quarter of 2009, the data showed.
Gary Townsend submits:This morning. Equity futures are lower this morning, with attribution - though there was little incremental - to Fed Chairman Bernanke’s 60 Minutes interview last evening. After fair value adjustment, December SPX futures are down -6.24 points at 1217.70, near the worst levels of the morning.
optionMONSTER submits: By Bryan McCormick US stock index futures are lower this morning after Asian markets fell markets sharply. European shares followed that trend lower, which helped pull US futures into negative territory. At current levels, the indexes have fallen to well-established support levels at the lows of the recent trading range. Those are 1760 for the Nasdaq 100, 1040 for the S&P 500 and 585 for the Russell 2000.