U.S. PRE-MARKET INDICATORS
-Dow Industrial futures up 7 points.
-S&P 500 futures down 2 points.
-Nasdaq 100 futures up 4 points.
-Nasdaq-100 Pre-Market Indicator up 1.93 at 1671.16.
GLOBAL SENTIMENT
Nikkei up 1.9%
Hang Seng up 1.1%
FTSE-100 down 0.6%
PRE-MARKET SECTOR WATCH
(-,+) Large cap tech: mixed
(+) Chip stocks: firmer
(+,-) Small cap stocks: mixed
(+,-) Drug stocks: mixed
(+,-) Software stocks: mixed
(+) Internet stocks: firmer
(-) Financial stocks: mostly lower
(+) Auto stocks: firmer
(-,+) Airline stocks: mixed
(+) Retail stocks: mostly firmer
UPSIDE MOVERS
(+) DVAX (+76%) jumps after FDA removes clinical hold on Hep B vaccine.
(+) SWKS (+5.6%) extends gains after raising outlook in evening session.
(+) LCC (+10%) gets analyst upgrade.
(+) UAUA (+12.9%) gets upgrade.
(+) PFE (+0.7%) started at Overweight rating at Morgan Stanley.
(+) CYTR (+21%) secures European patent for Arimoclomol.
(+) TXN (+0.8%) raises outlook.
(+) ASML (+3.7%) raises sales, bookings view.
(+) PG (+1.7%) confirms FY 2010 guidance for organic sales growth.
(+) OCLS (+16.7%) gets approval for wound treatment.
(+) YHOO (+3.6%) gets upgrade.
DOWNSIDE MOVERS
(-) MON (-7.8%) reaffirms 2009, sees 2010 below Street estimates.
MARKET DIRECTION
Futures improved throughout pre-market trading and are now
indicating a flat to narrowly mixed open. Early trade is an indication
Wall Street looks to consolidate some of the gains recorded over a
four-day run. Futures did improve some in the wake of a weekly report
showing fewer jobless benefit claims.
The broader market closed higher for a fourth straight day on
Wednesday, led by commodity gains and advances for big industrial
stocks.
In company news:
Procter & Gamble (
PG) confirms it FY 2010 and Q1 guidance for
organic sales growth. The company also said it expects to return to
organic sales growth in Q2 compared to prior year levels following two
quarters of organic sales declines.
