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Stocks poised to tick higherInvestors are waiting to hear what Fed Chairman Ben Bernanke has to say about the state of the economy.NEW YORK (CNNMoney.com) -- U.S. stock futures pointed toward a flat open Thursday as investors waited to hear what Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson would say during their testimony before the Senate Banking Committee, slated to start at 10:00 a.m. ET. Stocks rallied on Wednesday after a surprisingly strong January retail sales report helped soothe worries about a prolonged economic slowdown. About four hours before the start of trading on Thursday, Nasdaq and S&P futures were narrowly higher, suggesting a slightly higher open for Wall Street. Stocks to watch include Yahoo (YHOO, Fortune 500) and News Corp (NWS, Fortune 500)., which Wednesday were said to be talking about a partnership that could help the Internet search engine fend off Microsoft Corp (MSFT, Fortune 500).'s $44.6 billion takeover offer. Morgan Stanley (MS, Fortune 500) said Wednesday afternoon that it would cut 1,000 jobs in its residential mortgage unit. Also late Wednesday, Hewlett-Packard Co. (HPQ, Fortune 500) said it reached a financial settlement with the New York Times and three Business Week journalists who were spied on as part of the company's boardroom surveillance scheme. In other corporate news, Swiss banking giant UBS AG (UBS) posted a fourth-quarter loss of $11.28 earlyion ealy Thursday. Financial results are also expected from Ingersoll-Rand Ltd. (IF), Comcast Corp (CMCSA)., Marriott International Inc (MAR, Fortune 500)., and Goodyear Tire & Rubber Co. (GT, Fortune 500) |
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