LONDON (SHARECAST) - -Citi board ousts Pandit over poor execution-Bbg
-Two German lawmakers support precautionary credit line for Spain
Dow Jones Industrial: 0.87%
Nasdaq Comp.: 0.97%
S&P 500: 0.89%
The main US equity benchmarks are trading comfortably higher, apparently benefitting from reports and hopes that Spanish authorities may be making progress towards asking for a full rescue programme from their European partners.
Also helping stocks, undoubtedly, is the release of several better than expected quarterly earnings reports today from the likes of Johnson&Johnson, United Health, and Goldman Sachs as well as generally better than expected macroeconomic data.
As regards Goldman Sachs, the Wall Street giant has announced third-quarter net income of $1.51bn, or $2.85 per share (Consensus: $2.28), compared with a loss of $393m, or 84 cents, versus a year earlier.
Results from Coca Cola and State Street, on the other hand, came in ‘mixed.’
HCA and Murphy Oil have both announced special dividend payments today. The latter has also unveiled a $1bn share buy-back programme.
Not to be lost sight of, IBM and Intel will publish their latest quarterly results after tonight’s close.
Citigroup has turned around and is now moving higher despite the surprise resignation of its Chief Executive, Vikram Pandit. Worth pointing out in this regard, Bloomberg is now reporting that he was in fact ousted over his performance.
Slightly better than expected data-points
US core consumer prices rose at a 2.0% year-on-year clip in September, as expected.
Meantime, US industrial production rose by 0.4% month-on-month in September (Consensus: 0.2%). Compensating the above, in part, previous months’ data for manufacturing sector output was revised down.
Long-term capital inflows increased to $90b in August (Consensus: $45.3bn), after $67.2bn.
The NAHB home-builder sentiment index gained 1 point, to 41 points, in September, its highest level since June 2006.
Front month West Texas crude futures are now up by 0.02% to the 91.86 dollar mark on the NYMEX.
10 year US Treasuries are also moving lower, by 14/32 dollars, with yields at 1.71%.
S&P 500 - Risers
First Solar Inc. (FSLR) $24.05 +8.09%
Fossil Inc. (FOSL) $91.94 +8.05%
Murphy Oil Corp. (MUR) $63.65 +7.89%
Cliffs Natural Resources Inc. (CLF) $43.81 +6.50%
Kroger Co. (KR) $24.55 +4.78%
State Street Corp. (STT) $43.46 +4.52%
Juniper Networks Inc. (JNPR) $17.51 +4.29%
Gannett Co. Inc. (GCI) $18.57 +4.03%
MetLife Inc. (MET) $36.35 +4.01%
Williams Companies Inc. (WMB) $37.25 +3.91%
S&P 500 - Fallers
W.W. Grainger Inc. (GWW) $203.22 -5.86%
PNC Financial Services Group (PNC) $60.67 -3.60%
Omnicom Group Inc. (OMC) $50.95 -2.88%
Advanced Micro Devices Inc. (AMD) $2.67 -2.73%
Forest Laboratories Inc. (FRX) $35.74 -2.35%
Republic Services Inc. (RSG) $27.68 -1.25%
Alpha Natural Res (ANR) $8.38 -1.17%
Cablevision Systems Corp. (CVC) $17.52 -1.16%
Quest Diagnostics (DGX) $63.23 -1.13%
Avon Products Inc. (AVP) $17.08 -1.10%
Dow Jones I.A - Risers
Intel Corp. (INTC) $22.23 +2.28%
Caterpillar Inc. (CAT) $84.53 +2.08%
United Technologies Corp. (UTX) $77.50 +1.77%
Boeing Co. (BA) $73.44 +1.65%
Travelers Company Inc. (TRV) $70.92 +1.62%
Alcoa Inc. (AA) $8.94 +1.56%
3M Co. (MMM) $94.16 +1.48%
Cisco Systems Inc. (CSCO) $18.82 +1.46%
American Express Co. (AXP) $58.37 +1.35%
Johnson & Johnson (JNJ) $69.50 +1.31%
Dow Jones I.A - Fallers
Mondelez International Inc. (MDLZ) $27.03 -0.70%
Coca-Cola Co. (KO) $37.91 -0.57%
Wal-Mart Stores Inc. (WMT) $76.79 -0.47%
Nasdaq 100 - Risers
Fossil Inc. (FOSL) $91.94 +8.05%
Mattel Inc. (MAT) $36.70 +3.61%
Avago Technologies Ltd. (AVGO) $34.38 +3.57%
Sears Holdings Corp. (SHLD) $62.15 +3.04%
Autodesk Inc. (ADSK) $32.84 +2.95%
Nvidia Corp. (NVDA) $13.14 +2.74%
Liberty Interactive Corp (LINTA) $20.27 +2.71%
Adobe Systems Inc. (ADBE) $33.18 +2.63%
Broadcom Corp. (BRCM) $33.94 +2.48%
Sandisk Corp. (SNDK) $44.74 +2.31%
Nasdaq 100 - Fallers
Fastenal Co. (FAST) $45.10 -0.99%
Infosys Technologies Ltd. (INFY) $44.22 -0.79%
Activision Blizzard Inc. (ATVI) $11.23 -0.71%
Mondelez International Inc. (MDLZ) $27.03 -0.70%
Warner Chilcott Plc (WCRX) $12.89 -0.46%
Vodafone Group Plc ADS (VOD) $27.90 -0.43%
Micron Technology Inc. (MU) $5.70 -0.35%
Garmin Ltd. (GRMN) $39.97 -0.35%
Expedia Inc. (EXPE) $54.32 -0.31%
O'Reilly Automotive Inc. (ORLY) $82.38 -0.16%
LONDON (SHARECAST) - -Citi board ousts Pandit over poor execution-Bbg
