STOCKS NEWS US- U.S. earnings diary for June 12

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1725 ET 11June2009- U.S. earnings diary for June 12
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No S&P 500 companies are scheduled to report results.

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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1658 ET 11June2009 Player takes cautious stance in utilities ETF
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One cautious option investor appeared to have turned up in the Utilities
Select Sector SPDR fund (XLU.P) as its shares rose 1.94 percent to $27.83. The
XLU ticker symbol jumped onto Interactive Brokers Group most active by options
volume market scanner "after one investor sunk his teeth into a chunk of put
options in the September contract," said Interactive Brokers Group market
analyst Andrew Wilkinson. In a note, he said the player appears to have
purchased about 35,000 put options for an average premium of 1.35 apiece at the
September $27 strike price. Wilkinson surmised that perhaps the investor is
long shares of the underlying XLU and is looking to lock into recent gains on
the exchange-traded fund by protecting his position from potential downward
price movement. "Downside protection will kick in if shares decline below the
break even point at $25.65 by expiration day in September," he said.

Reuters Messaging: doris.frankel.reuters.com@reuters.net
1438 ET 11June2009-Markets advance on oil and data
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Major U.S. indexes rose on Thursday, as rising oil and other commodity
prices lifted energy stocks, while retail sales and weekly jobless claims data
bolstered optimism for an economic recovery.

For details, see [ID:nN11514069]

The Dow Jones industrial average .DJI rose 1.1 percent to 8,829.11 while
the S&P 500 .SPX gained 1.3 percent to 951.77 and the Nasdaq .IXIC was up
1.1 percent to 1,873.03.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1349 ET 11June2009-Policy is key to recovery, not consumers: Baukol
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Timely policy adjustments, not stepped-up U.S. consumer spending, are the
key to pulling the world out of its current economic crisis, a senior U.S.
Treasury official said on Thursday.

To sustain a recovery, every major country needs to be aware of how its
policies are affecting the world economy and make any necessary changes, said
Andrew Baukol, acting assistant secretary for international affairs at the U.S.
Treasury.

"We can't all rely on the U.S. consumer going forward to spend," Baukol
said during a conference in Montreal. "To address this, of course, each major
economy, including the United States, will need to take some policy
adjustments."

For details, see [ID:nN11504181]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1342 ET 11June2009-Jones Apparel rises after CEO comments
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Shares of Jones Apparel Group (JNY.N) rallied on Thursday, lifted after the
company's chief executive officer said business was stabilizing, and that he
didn't expect markdowns in the holiday season to be as deep as they were in the
prior year.

"Business is a little better than expected," CEO Wesley Card said at the
Reuters Global Retail Summit in New York. "We feel like things have stabilized
and steadied out, particularly in the tier we operate in, at department stores
and down."

For details, see [ID:nN11301653]

The stock rose 5.8 percent to $11.08.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1223 ET 11June2009-Nasdaq cuts gains on Symantec's margin comments
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The Nasdaq .IXIC sharply cut gains on Thursday to briefly trade near
break-even as shares of Symantec Corp (SYMC.O) tumbled to a session low,
falling nearly 4 percent to $15.83 after the company's chief financial officer
predicted margin pressure on consumer business over the next year.

The company is largest maker of computer security and data backup
software.

Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1218 ET 11June2009-Household net worth falls to $50.4 tln in Q1
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U.S. households household wealth fell in the first quarter, as the economic
downturn eroded confidence and finances, Federal Reserve data showed on
Thursday.

Household net worth dropped to $50.4 trillion from $51.7 trillion. The U.S.
central bank's quarterly Flow of Funds report also showed that household
borrowing contracted at a 1.1 percent annual rate in the first quarter, after
falling at a 2 percent pace in the previous period.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net