STOCKS NEWS US-Markets mixed at open, pressured by Boeing

Tue Jun 23, 2009 9:33am EDT
 
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0930 ET 23June2009-Markets mixed at open, pressured by Boeing
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 Major U.S. indexes opened mixed on Monday, following a steep decline in
Monday's session. The markets were pressured after Boeing (BA.N), a Dow
component, again delayed the first flight of its 787.
 The Dow Jones industrial average .DJI slid 0.1 percent to 8,328.50 while
the S&P 500 .SPX gained 0.2 percent to 894.39 and the Nasdaq .IXIC was up
0.3 percent to 1,771.83.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0853 ET 23June2009-Futures up following steep decline on Monday
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 U.S. index futures were up on Tuesday, a day after the markets posted their
worst one-day loss in two months.
 Worries that a recovery will be tepid has caused stocks to pull back
lately, and analysts will look at the day's economic data for signs of
stabilization.
 The National Association of Realtors will release existing home sales for
May, while the Federal Reserve Bank of Richmond will announce June indexes on
area manufacturing and service sectors.
 For details, see [ID:nN23536369]
 Dow Jones industrial average futures DJc1 rose 27 points while S&P 500
futures SPc1 gained 5.1 points and Nasdaq 100 futures NDc1 were up 3
points.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0847 ET 23June2009-MetroPCS to replace Tyco in S&P 500
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 Shares of MetroPCS Communications (PCS.N) rallied on Tuesday, a day after
Standard & Poor's said the company would replace Tyco Electronics (TEL.N) in
the S&P 500 index .SPX.
 For details, see [ID:nWEN0866]
 The stock gained 9 percent to $14.85 before the bell while Tyco shares fell
1.2 percent to $18.87.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0836 ET 23June2009-Crude oil rises on weaker dollar, ahead of data
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 August crude oil futures rose on Tuesday, supported by a weaker dollar and
ahead of U.S. weekly inventory data from the American Petroleum Institute which
is expected to show a fall in crude stocks.
 For details, see [ID:nSIN510304]
 The contract gained 1 percent to $68.19 per barrel.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0830 ET 23June2009-Baird upgrades Starbucks, shares rise
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 Shares of Starbucks Corp (SBUX.O) rose in premarket trading on Tuesday,
after Robert W. Baird upgraded the coffee chain to outperform.
 "We have become more confident in the near-term outlook following our
recent field research, which pointed to an improvement in category traffic
trends in Starbucks's third quarter," the firm wrote.
 Baird added that it generally believed that the company had
 been taking appropriate steps to enhance its long-term fundamentals by slowing
growth, controlling costs and investing in traffic-driving initiatives.
 "The transition to positive operating metrics is likely to be gradual, but
we think consistent signs of progress in upcoming quarters would increase
investor confidence in the longer-term outlook." it wrote.
 Shares of Starbucks rose 2.5 percent to $14.05 in premarket trading.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

 

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