U.S. futures steady with data in focus; Dow Jones down 0.04%
Investing.com
Published Dec 05, 2013 06:12AM ET
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.04% loss, S&P 500 futures signaled a 0.01% gain, while the Nasdaq 100 futures indicated a 0.18% rise.
Investors were also eyeing the release of a key U.S. jobs report on Friday, after a string of positive data over the week added to expectations the Federal Reserve will soon begin tapering its montly asset purchases.
The tech sector was likely to be in focus, as Hewlett-Packard was up 0.21% in extended trade after the computer maker on Wednesday said it would cut 27,000 workers around the globe by the end of next year.
Separately, Apple shares rallied 1.42% in early trading after reports that tech giant signed a deal with China Mobile to distribute iPhones on its network.
Plug Power was also poised to move higher, with shares surging 6.30% in pre-market trade after the fuel-cell maker said it anticipates turning a profit next year. The stock skyrocketed over 60% on Wednesday.
Elsewhere, Ford edged up 0.12% pre-market after the automobile company announced the global launch of its iconic Mustang, after 50 years of production. The revamped car will be launched simultaneously in six cities in four continents, including Europe.
Also in the auto sector, Hayman Capital Management was said to have taken a stake in General Motors.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 slipped 0.17%, France’s CAC 40 fell 0.13%, Germany's DAX edged up 0.11%, while Britain's FTSE 100 eased 0.06%.
During the Asian trading session, Hong Kong's Hang Seng Index edged down 0.07%, while Japan’s Nikkei 225 Index tumbled 1.50%.
Later in the day, the U.S. was to publish a revised estimate of third quarter gross domestic product, as well as the weekly report on initial jobless claims and data on factory orders.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.