Stock index futures signal gains; Intel eyed
Stock index futures pointed to a stronger open on Wall Street on Wednesday, with futures for the S&P 500 up 0.8 percent, Dow Jones futures up 0.5 percent and Nasdaq 100 futures up 0.8 percent at 0847 GMT.
* Tech majors Intel Corp
* Intel shares traded in Frankfurt
* IBM shares traded in Frankfurt
* Companies scheduled to report quarterly results on Wednesday include Apple Inc
* Apple is expected to report quarterly results on Wednesday, tempered by caution over how supply constraints will squeeze margins and restrain iPhone and iPad sales.
* Economic indicators include March existing home sales.
* On the M&A front, U.S. power company AES Corp
* Tokyo stocks snapped a three-day losing streak on Wednesday after Intel's earnings guidance sparked short-covering in chip-related stocks, while European stocks were up 1 percent in morning trade, led by tech shares such as ASML
* U.S. crude oil futures were up $1.32 at $109.60 a barrel on Wednesday, as a rebound in equities and a weaker dollar eclipsed fears over eroding demand.
* Encouraging results from health care and materials companies lifted U.S. stocks on Tuesday, but weak earnings from Goldman Sachs limited gains in a market skeptical of the growth outlook.
* The Dow Jones industrial average <.DJI> gained 65.16 points, or 0.53 percent, to 12,266.75 at the close. The Standard & Poor's 500 Index <.SPX> added 7.48 points, or 0.57 percent, to 1,312.62. The Nasdaq Composite Index <.IXIC> advanced 9.59 points, or 0.35 percent, to 2,744.97.
(Reporting by Blaise Robinson; Editing by Louise Heavens)
© Copyright Thomson Reuters 2024. All rights reserved.