Stock index futures were little changed on Thursday as investors looked ahead to data that could shed light on the economy's health amid worries that global demand was slowing.
Stock index futures were little changed on Thursday as investors looked ahead to data that could shed light on the economy's health amid worries that global demand was slowing.
Goldman Sachs' mortgage-servicing division, Litton Loan, was accused of denying loans without proper review.
Shares of American International Group Inc fell 4 percent on Wednesday as investors recognized that the U.S. government's exit from the insurer could take a long time.
Shares of American International Group Inc fell more than 3 percent on Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of stock.
Dollar Gold Prices hit a three-week high of $1528 per ounce on Wednesday morning in London, while commodities - like global stock markets - failed to add much to the gains they made Tuesday after Goldman Sachs issued a bullish note on natural resources.
Buoyant commodities demand from emerging economies is straining tight supplies and putting more pressure on producers to ramp up output, Glencore's chief executive said on Wednesday.
Crude oil prices declined in Europe trade as strengthening U.S. dollar and weaker-than-expected decline in U.S. crude stockpiles weighed.
Oil rose nearly 2 percent on Tuesday after Goldman Sachs raised its price forecasts for Brent crude, saying demand from economic growth will eat into stockpiles and OPEC spare capacity.
Oil rose more than $2 per barrel on Tuesday, taking Brent crude futures to almost $113, after Goldman Sachs increased its forecasts for the North Sea benchmark, citing strong fuel demand growth.
Stock index futures rose on Tuesday, with higher oil prices leading a rebound from a steep sell-off in the previous session that sent stocks to their lowest close in a month.
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Goldman Sachs Group Inc has moved closer to offloading Litton Loan Servicing, with Ocwen Financial Corp leading in an auction to acquire the troubled mortgage business, sources familiar with the situation said this week.
Intel Corp could suffer due to slowing processor shipments, rising competition and record capital expenditure levels this year, warned Goldman Sachs analysts, who in a rare downgrade, cut their rating on the stock to sell, sending its shares down nearly 3 percent.
Wall Street stocks were set for a higher open on Thursday after weekly jobless claims data suggested the labor market was on track for recovery.
The top pre-market NASDAQ Stock Market gainers are: Glu Mobile, PetSmart, Exelixis, Lam Research, and Dollar Tree. The top pre-market NASDAQ Stock Market losers are: Smart Technologies, Melco Crown Entertainment, Metabolix, KLA-Tencor, Yongye International, Applied Materials, and Intel.
U.S. stock index futures edged higher on Thursday, with investors bracing for data on the labor market and housing that could determine the direction of the market.
The companies whose shares are moving in pre-market trade on Wednesday are: Eastman Kodak, PetSmart, Eaton, First Majestic Silver, Salesforce.com, Big Lots, Advance Auto Parts, Merck & Co, Applied Materials and Intel Corp.
Mountain View-based social networking site for professionals, LinkedIn has priced its IPO at the higher end $45 a share, making it the biggest US Internet IPO since Google went public and indicates the voracious investor appetite for social networking sites.
The top after-market NYSE gainers on Wednesday are: Niska Gas Storage Partners, K-V Pharmaceutical, First Majestic Silver Corp, Limited Brands and Eastman Kodak Co. The top after-market NYSE losers are: Advance Auto Parts, SouFun Holdings, Heckmann, Pier 1 Imports and Omnicare.
Morgan Stanley Chief Executive James Gorman is concerned that regulators may force large banks to hold too much capital, a move that banks worry would crimp profits.
Mark Carney, a former Goldman Sachs employee and the current Governor of Bank of Canada, is a huge commodities bull.
