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 Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
TRADING
CENTER

Durable goods weigh on Wall St.

Markets seen opening lower after durable goods report shows surprising decrease in orders. New home sales, consumer sentiment on tap.

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)
By CNNMoney.com staff

When Wall Street nearly collapsed
Would panic prevail? That was the question gripping the world in the days surrounding the fall of Lehman Brothers on Sept. 15, 2008. One year after that terrifying Monday, the people who struggled to cope with the financial crisis share what they were thinking as chaos broke out.

NEW YORK (CNNMoney.com) -- U.S. stocks were set to open lower Friday after a government report showed durable goods orders declined in August.

At 8:45 a.m. ET, S&P 500, Nasdaq-100 and Dow Jones industrial average futures were all slightly lower after starting the morning moderately higher.

Futures measure current index values against their perceived future performance and offer an indication of how markets may open when trading begins.

Stocks touched one-year highs earlier in the week but have pulled back since Wednesday.

Economy: A Census Bureau report on durable goods showed orders slipped 2.4% in August after a 4.8% increase in July. Analysts surveyed by Briefing.com expect orders to have risen 0.4%. Excluding auto sales, goods orders showed a negligible decline. Economists forecast a 1% rise in goods orders excluding autos, compared to a 1.1% rise on that basis in the prior month. July's overall durable goods gain was mostly on Cash-for-Clunkers-backed auto sales.

The University of Michigan is set to issue a revised version of its consumer sentiment survey around 10 a.m. ET. Economists expect a slight rise in the index to 70.5, up from 70.2 in August.

New home sales for August also are due out at 10 a.m. ET. Experts anticipate sales of newly constructed homes to rise to a seasonally adjusted annual rate of 440,000, up from 433,000 in July.

The economic leaders of the G-20 nations will continue to meet in Pittsburgh on Friday for the second day of their economic summit. On Thursday, the leaders voted in favor of President Obama's plan to replace the G-8, which does not include developing economies such as China, India and Brazil, with the G-20 as the preeminent global economic decision-making body.

Companies: Unilever (UN) offered $1.88 billion for the global body care unit of Sara Lee (SLE, Fortune 500).

After Thursday's close, BlackBerry maker Research In Motion (RIMM) announced that quarterly revenue rose 37% and earnings per share, after adjustments, were $1.03, beating Wall Street's estimates by 3 cents. Shares were down 14% in premarket trading.

World markets: Global stock indexes struggled. In Asia, most markets finished the session lower. European shares seesawed and then fell in afternoon trading.

Other markets: The dollar turned mixed after continuing its widespread declines earlier in the morning. The dollar fell substantially against the Japanese yen in morning trading but turned slightly higher against the euro and pound

Oil turned lower on the durable goods orders news, falling 74 cents to $65.13 a barrel. Gold ticked down 10 cents to $997.40 an ounce. To top of page

Features
Markets Last Change
Dow Jones 10,366.15 -86.53 / -0.83%
Nasdaq 2,173.14 -11.89 / -0.54%
S&P 500 1,099.92 -9.32 / -0.84%
10-year Bond 99 31/32 Yield: 3.37%
U.S.Dollar 1 euro = $1.507 0.002
December 3, 2009 12:00 AM ET
CompanyPrice% Change
Principal Financial Group Inc 22.62 -12.93%
Advanced Micro Devices Inc 8.09 10.82%
Comcast Corp Cl A Special 15.30 7.90%
Family Dollar Stores Inc 28.47 -7.35%
Dec 3 3:53pm ET †
More Galleries
Women of power Shot during the Fortune Most Powerful Women Summit, these portraits showcase some of the world's most influential leaders. Photographs by Robyn Twomey. More
Class of '09: They got jobs! In August, CNNMoney asked nine recent grads about their job search. Six months after graduation, all of them are working at least part-time. More
6 green cooks These culinary powerhouses use sustainable, locally grown produce to bring their dishes to the next level. Meet a half dozen under 40, chosen by the Mother Nature Network. 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.