Dow Jones futures rose 0.6 percent at 5:10 a.m. EST, S&P 500 futures up 0.7 percent, Nasdaq futures up 0.1 percent, pointing to a second day of gains for U.S. stocks.
S&P 500 .SPX companies due to report quarterly earnings include technology bellwether Cisco Systems (CSCO.O), food and personal care products maker Sara Lee (SLE.N), fashion group Ralph Lauren (RL.N), food maker Kraft Foods (KFT.N), cigarette maker Philip Morris (PM.N), life insurer Prudential (PRU.N) and media group Time Warner (TWX.N).
The U.S. economic data calendar has Challenger layoffs for January at 7:30 a.m. EST, ADP employment for January at 8:15 a.m. EST and non-manufacturing ISM for January at 10 a.m. EST.
Market talk could also touch on President Barack Obama's campaign to cap executive pay at $500,000 a year for companies -- such as bank Citigroup (C.N) and insurer AIG (AIG.N) -- getting taxpayer bailout funds.
The economic stimulus package, which Obama wants on his desk for signing into law by February 16, will also remain in focus after Senate Republicans on Tuesday offered their own, cheaper plans focused on tax cuts.
No comments:
Post a Comment