CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
TRADING
CENTER

Investors eye recovery on Wall Street

Futures advance after big stock selloff; Fed minutes on tap, oil pushes higher to new trading record.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

What is to blame for high oil prices?
  • OPEC
  • Big oil companies
  • Supply and demand
  • They are unavoidable

LONDON (CNNMoney.com) -- U.S. stocks looked set to rebound Wednesday from the previous session's selloff, even as crude prices soared to a new record.

At 5:37 a.m. ET, Nasdaq and S&P futures were higher, with a comparison to fair value suggesting a positive open.

Crude futures kept climbing Wednesday, with the front-month contract touching a new trading record of $129.75 a barrel in electronic trading. The government is due to report its weekly inventory report at 10:30 a.m. ET.

The rise in crude prices could push oil stocks higher. Oil companies will also be in focus as the Senate Judiciary Committee begins a hearing on gas prices.

On the economic front, investors will scrutinize the minutes from the Federal Reserve's April 30 meeting. The Fed lowered rates at that meeting but hinted it may be ready to pause its rate-cutting campaign. The Fed minutes are due out at 2 p.m. ET.

Stocks to watch include GM (GM, Fortune 500), Staples (SPLS, Fortune 500), Barnes and Noble (BKS, Fortune 500), Borders (BGP) and HP (HPQ, Fortune 500).

In global trade, most Asian stocks skidded into the red. European shares rose in morning trading. To top of page

Features
  • obama_official_portrait.04.jpg
    Not even ultra-dapper President Obama could help Hartmarx, the Chicago-
    based clothing maker. More
  • great_adventure_map.04.jpg
    It's been a thrill ride for Six Flags, and the amusement-
    park operator had to wave the white flag. More
  • pilgrims_pride.04.jpg
    The company has gone to the chickens despite producing 42 million dozen table eggs per year. More
  • vallejo_california.04.jpg
    This Bay-area town sought assistance after plunging property tax revenue left coffers empty. More
  • daily_blossom_site.04.jpg
    The bloom is off this celebrity florist as corporate budgets for flower arrangements disappear. More
  • debt_bills.ju.04.jpg
    Isn't it ironic that a company with a mission to help others avoid bankruptcy was unable to help itself? More
  • nrg_coal_plant.04.jpg
    What happens when one energy company refuses to be swallowed by a bigger rival? More
Markets Last Change
Dow Jones 8,135.41 -47.76 / -0.58%
Nasdaq 1,753.23 0.68 / 0.04%
S&P 500 877.81 -4.87 / -0.55%
10-year Bond 98 19/32 Yield: 3.29%
U.S.Dollar 1 euro = $1.395 -0.007
July 10, 2009 3:45 PM ET
CompanyPrice% Change
General Motors Corp 1.16 38.53%
American Intl Group Inc 12.07 27.32%
CIT Group Inc 1.53 -17.74%
Shaw Group Inc (The) 23.69 -9.44%
Jul 10 3:46pm ET †
The 10 dumbest iPhone apps The iPhone App Store launched a year ago with 500 applications. Today it has more than 55,000. Some are useful - many are plain stupid. With help from Krapps.com's Alex Miro, we've picked out some of the dumbest. More
New GM's new cars GM is launching a slate of new products. Can they give a lift to the auto giant as it enters a new era? More
Barbie gets a makeover As Barbie celebrates her 50th anniversary, middle age may be her time to shine (again). More


© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.