LONDON (SHARECAST) - -Germany's Michael Meister says his comments were over interpreted-Guardian
-Citi board ousts Pandit over poor execution-Bbg
-IBM and Intel to publish results after the close
-Two German lawmakers support precautionary credit line for Spain
Dow Jones Industrial: 0.91%
Nasdaq Comp.: 1.06%
S&P 500: 0.99%
The main US equity benchmarks are still 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’s earnings, the Wall Street giant 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, a year earlier.
Results from Coca Cola and State Street, on the other hand, came in ‘mixed.’
HCA and Murphy Oil both announced special dividend payments today. The latter also unveiled a $1bn share buy-back programme and announced its intention to spin-off its refined fuels business.
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.
Fossil is heading higher on the back of an upgrade from Citi.
Slightly better than expected data-pointsUS 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 for 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.
Treasury yields rise moderately
Front month West Texas crude futures are now down by 0.09% to the 91.77 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
Murphy Oil Corp. (MUR) $64.39 +9.14%
First Solar Inc. (FSLR) $24.05 +8.07%
Fossil Inc. (FOSL) $91.35 +7.36%
Cliffs Natural Resources Inc. (CLF) $43.44 +5.59%
Phillips 66 Common Stock (PSX) $46.70 +5.23%
State Street Corp. (STT) $43.75 +5.22%
Mattel Inc. (MAT) $37.15 +4.89%
Dow Chemical Co. (DOW) $29.68 +4.80%
Kroger Co. (KR) $24.44 +4.31%
Tiffany & Co. (TIF) $64.44 +4.27%
S&P 500 - Fallers
PNC Financial Services Group (PNC) $60.58 -3.73%
W.W. Grainger Inc. (GWW) $208.13 -3.58%
Omnicom Group Inc. (OMC) $50.76 -3.24%
Forest Laboratories Inc. (FRX) $35.68 -2.51%
Fifth Third Bancorp (FITB) $15.09 -1.82%
First Horizon National Corp. (FHN) $9.43 -1.67%
Advanced Micro Devices Inc. (AMD) $2.70 -1.64%
Regions Financial Corp. (RF) $7.28 -1.42%
Keycorp (KEY) $8.24 -1.32%
Unitedhealth Group Inc. (UNH) $56.78 -1.24%
Dow Jones I.A - Risers
Intel Corp. (INTC) $22.26 +2.45%
Caterpillar Inc. (CAT) $84.80 +2.40%
United Technologies Corp. (UTX) $77.65 +1.97%
Boeing Co. (BA) $73.66 +1.95%
Alcoa Inc. (AA) $8.96 +1.82%
American Express Co. (AXP) $58.61 +1.77%
Cisco Systems Inc. (CSCO) $18.87 +1.73%
Travelers Company Inc. (TRV) $70.96 +1.68%
3M Co. (MMM) $94.15 +1.47%
E.I. du Pont de Nemours and Co. (DD) $49.70 +1.41%
Dow Jones I.A - Fallers
Coca-Cola Co. (KO) $37.83 -0.78%
Mondelez International Inc. (MDLZ) $27.09 -0.48%
Verizon Communications Inc. (VZ) $44.33 -0.39%
Wal-Mart Stores Inc. (WMT) $76.85 -0.39%
Nasdaq 100 - Risers
Fossil Inc. (FOSL) $91.35 +7.36%
Mattel Inc. (MAT) $37.15 +4.89%
Avago Technologies Ltd. (AVGO) $34.43 +3.74%
Broadcom Corp. (BRCM) $34.24 +3.38%
Intuitive Surgical Inc. (ISRG) $528.13 +3.04%
Liberty Interactive Corp (LINTA) $20.34 +3.04%
Autodesk Inc. (ADSK) $32.86 +3.01%
Adobe Systems Inc. (ADBE) $33.29 +2.97%
Maxim Integrated Products Inc. (MXIM) $27.68 +2.67%
Sears Holdings Corp. (SHLD) $61.90 +2.62%
Nasdaq 100 - Fallers
Activision Blizzard Inc. (ATVI) $11.23 -0.68%
Fastenal Co. (FAST) $45.26 -0.64%
Garmin Ltd. (GRMN) $39.90 -0.52%
Mondelez International Inc. (MDLZ) $27.09 -0.48%
Warner Chilcott Plc (WCRX) $12.89 -0.46%
O'Reilly Automotive Inc. (ORLY) $82.16 -0.42%
Infosys Technologies Ltd. (INFY) $44.40 -0.38%
Priceline.Com Inc. (PCLN) $599.14 -0.31%
Apollo Group Inc. (APOL) $27.58 -0.29%
Amazon.Com Inc. (AMZN) $243.84 -0.14%
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