• Most Popular
  • Most Shared

Wall Street seen opening broadly unchanged

Thu Dec 4, 2008 4:55am EST

Stocks

   

* U.S. index futures point to a broadly unchanged start on Wall Street on Thursday, breaking a two-day rally. Futures for the S&P 500 SPc1, for the Dow Jones industrial average DJc1 and Nasdaq NDc1 were virtually flat at 0949 GMT.

Stocks  |  Bonds  |  Global Markets

* Companies reporting earnings on Thursday include Novell Inc (NOVL.O), Jackson Hewitt Tax Service Inc (JTX.N) and Williams-Sonoma Inc WSN.N.

* A group of major discounters, including eBay Inc (EBAY.O) and Costco Wholesale Corp (COST.O), is expected on Thursday to call for new laws blocking manufacturers from setting minimum prices on everything from flat-screen TVs to power drills, the Wall Street Journal reported.

* Capital One Financial Corp (COF.N) has offered $520 million in cash and stock for Chevy Chase Bank, the Journal also reported. [ID:nN03357149]

* Jobless claims data is due at 1330 GMT. The number of U.S. workers filing new claims for jobless benefits is seen rising to 537,000 from 529,000 in the previous week, according to a Reuters poll.

* Data showing factory orders for October is due at 1500 GMT. Analysts polled by Reuters forecast factory orders to have fallen by 4 percent, versus a 2.5 percent fall the previous month.

* Oil CLc1 fell below $46 a barrel to its lowest level in nearly four years, extending four consecutive days of falls. Crude oil was 2.1 percent lower at $45.82.

* On Wednesday, the Dow Jones industrial average .DJI jumped 2.05 percent, the Standard & Poor's 500 Index .SPX rose 2.58 percent, while the Nasdaq Composite Index .IXIC shot up 2.94 percent. (Reporting by Sarah Marsh; editing by John Stonestreet)



More from Reuters

Photo

Jobless claims hit 17-month low

WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.

Traders work in the pits at the The New York Mercantile Exchange, November 7, 2007. REUTERS/Brendan McDermid

Calling the market

A spectacular credit bust, two devastating stock market crashes ... the smart call this decade was to play it safe.  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article