US Stock Index Futures Hint At Slight Increase

US Stock Index Futures Hint At Slight Increase

Futures at the S&P 500, Dow Jones and Nasdaq increased around 0.3 to 0.4 percent recently as US stock index futures hint at a slight increase when markets will open.

The results of the Italian elections resulted to the biggest decline in US stocks since last November. The solid showing of groups against the economic reforms of the country raised concerns that the global economy may be affected by the debt problems in Europe.

The Home Price Index of the S&P Case Shiller was expected to increase by 0.5 percent compared to the 0.6 percent increase a month earlier.

Investors are expected to focus on the congressional testimony of Ben Bernanke on the semi-annual monetary policy report of the Federal Reserve. They will look into the possibility that the Fed chairman is concerned that the benefits of the bond buying power of the US central bank may be outweighed by its costs.

As US stock index futures hint at a slight rebound, Goldman Sachs is expected to start its job cutting process earlier than expected.

A new management team will be led by Jamie Dimon, the chief executive of JP Morgan Chase, in the yearly day of presentations on Wall Street on the outlook of the business that the bank operates. A new auto finance head was also named by the company.

As US stock index futures point to a small increase, Intel is set to manufacture chips for Alter, which is a major step in opening the manufacturing technology of the company to more clients. The 48 percent increase in earnings for the fourth quarter also gave a Stifel Financial Corp executive the confidence to defend his acquisition binge of the company recently.

The quarterly earnings per share of Home Depot are expected to increase by $0.14 as it enhanced its revenue outlook for the year.

Although the US stock index futures suggest an increase, the S&P 500, Nasdaq, and Dow Jones declined by 1.83 percent, 1.44 percent and 1.55 percent respectively on Monday.

Posted by James Fried on Wednesday February 27 2013, 3:52 AM EST. Ref: Reuters. Link. All trademarks acknowledged. Filed under Finance. Comments and Trackbacks closed. Follow responses: RSS 2.0