dow2664
Yesterday, stock futures were lower and the trend of the Dow Jones Industrials, Nasdaq and S&P 500 bounced a bit throughout the day but eventually climbed back into the green for the end of day close. The Dollar continued to push back a little as it gained again on the euro. Ford came in yesterday with positive news posting with a nice third-quarter earnings report that beat analysts expectations by reporting a profit of $1.7 billion or 43 cents per share. Stock futures today are positioned lower again ahead of the opening bell for the U.S. trading session. World markets are mostly lower this morning with the DAX and FTSE 100 in the red as well as the Hang Seng in Hong Kong. The Nikkei 225 in Japan is hovering just above break even. The dollar is holding its ground this week and gold has slid just a bit as a result. Today, the Commerce department will release data on durable goods before opening bell and later in the day comes a report on home sales for September. The Department of Labor will release data on weekly jobless claims before opening session on Thursday and this number is expected to rise from last week's 452,000. On Friday, the third quarter gross domestic product reading (GDP) is due before the opening bell and the Chicago regional reading on manufacturing is due just after the bell. Author: Frank Matto
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