Stock futures signal losses; eyes on techs
U.S. stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.61 percent, Dow Jones futures down 0.51 percent and Nasdaq 100 futures down 0.44 percent at 1030 GMT (5:30 a.m. EST).
Tech shares will be in the spotlight ahead of Dell
Europe's chip industry is joining the global recovery, two of its top players signaled, with Germany's Infineon
Investors also awaited results from retailers Gap
The banking sector will be in the spotlight after Mitsubishi UFJ Financial Group <8306.T>, Japan's biggest bank, unveiled a $11 billion capital hike, sending its shares down nearly 4 percent, and dragging the Nikkei index <.N225> to a four-month closing low.
European stocks were down 0.3 percent in morning trade, with food major Danone
U.S. crude futures inched lower, below $80 a barrel, trading in the middle of recent ranges and taking cues from the dollar and weather in the United States. The dollar rose as equity and commodity markets fell, encouraging investors to pare back exposure to risky assets.
Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling.
General Electric Co
JPMorgan Chase & Co.
Blackstone Group's
Nokia Siemens Networks and private equity firm One Equity Partners have jointly bid for Nortel Networks Corp's optical networking and carrier ethernet business, a person familiar with the sale said on Wednesday, challenging Ciena Corp's $526 million bid for the assets.
Aetna Inc
The day's economic agenda includes the Labor Department's first-time claims for jobless benefits for the week ended November 14 at 1330 GMT (8:30 a.m. EST). Also, the Conference Board releases its report on October leading economic indicators at 1500 GMT (10 a.m. EST), and the Philadelphia Federal Reserve Bank releases its November business activity survey, also at 1500 GMT (10 a.m. EST).
After the bell on Wednesday, shares of DCP Midstream
Gymboree Corp
U.S. stocks broke three days of gains on Wednesday following worrisome outlooks from two major software makers and a surprising drop in home construction last month.
The Dow Jones industrial average <.DJI> dropped 11.11 points, or 0.11 percent, to 10,426.31. The Standard & Poor's 500 Index <.SPX> dipped just 0.52 of a point, or 0.05 percent, to finish at 1,109.80. The Nasdaq Composite Index <.IXIC> lost 10.64 points, or 0.48 percent, to end at 2,193.14.
(Reporting by Blaise Robinson; Editing by Hans Peters)
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