US STOCKS SNAPSHOT-Futures bounce after JPMorgan results

Thu Jul 16, 2009 6:48am EDT
 
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 NEW YORK, July 16 (Reuters) - Stock index futures turned
positive on Thursday after JPMorgan Chase & Co (JPM.N) posted
quarterly results showing it beat net earnings and revenue
estimates.
 S&P 500 futures SPc1 were 1.60 points higher and were
about even with fair value, a formula that evaluates pricing by
taking into account interest rates, dividends and time to
expiration on the contract. Dow Jones industrial average
futures DJc1 climbed 27 points, and Nasdaq 100 NDc1 futures
added 0.50 points.
 (Reporting by Rodrigo Campos; Editing by Theodore d'Afflisio)




 

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