-Dow Industrial futures up 10 points.
-S&P 500 futures flat.
-Nasdaq 100 futures flat.
-Nasdaq-100 Pre-Market Indicator up 2.83 at 1756.67.
Nikkei up 0.3%
Hang Seng up 0.7%
FTSE-100 up 0.8%
PRE-MARKET SECTOR WATCH
(+) Large cap tech: mostly higher
(+) Chip stocks: higher
(+,-) Drug stocks: mixed
(+,-) Software stocks: mixed
(-,+) Internet stocks: mixed
(+) Financial stocks: higher
(+,-) Auto stocks: mixed
(-,+) Airline stocks: mixed
(+,-) Retail stocks: mixed
(+) BIDU (+8.8%) beats with Q4 results, guidance.
(+) DELL (+2.2%) gets upgrade.
(+) ATHX (+30%) reports patent approval related to stem cells.
(+) ADBE (+3.4%) gets two upgrades.
(+) MCZ (+30%) continues evening run after swinging to a profit.
(+) NTGR (+12.6%) continues evening gain after results, guidance impress.
(-) MU (-4.5%) making acquisition.
(-) DIS (-1.8%) unable to hold initial evening gain after earnings beat.
(-) MT (-5.2%) misses with sales.
Stock futures have pared early gains to trade near flat. A report
showing a widening of the U.S. trade deficit in December raised
expectations that growth figures for late 2009 would be revised down
due to the wider gap.
Early action indicated Wall Street would try to build on the strong
rebound seen in Tuesday's action. Global markets welcomed indications
Tuesday that Germany would lead a rescue of debt-strapped Greece.
Testimony from Fed Chairman Ben Bernanke is also awaited.
A meeting between the German finance minister, Wolfgang Schaeuble,
and law makers, ended on Wednesday without any concrete package of
Greek aid announced. However, expectations are that a package may be
announced on Thursday during a meeting of European leaders, MarketWatch
reported. European markets are higher, with the euro little changed
after a rally Tuesday.
Investors will also closely scrutinize written testimony from
Federal Reserve Chairman Ben Bernanke. Bernanke will not be able to
deliver his testimony in person due to the snow storm in Washington.
Analysts look for Bernanke to touch on possible options for how the Fed
can remove its ulta-low interest rate policy.
Oil is little changed ahead of weekly inventories data. Gold is higher on the Greece developments.
Baidu (BIDU), up 9.6%, is reflecting continued upside reaction to its earnings beat issued last evening.
Dell (DELL) is an early gainer after an upgrade.
Athersys (ATHX) is sharply higher in active volume after it
announced it was granted U.S. patent 7,659,118 that covers
non-embryonic multipotent stem cells, their isolation and expansion,
and related pharmaceutical compositions. Athersys also announced that
it has been granted – and the opposition period has cleared – EP patent
EP1218489B1 that covers non-embryonic pluripotent stem cells, their
isolation, expansion, and usage.