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

Weak open seen for Wall Street

Investors express caution ahead of chain-store sales. Cisco's upbeat outlook may boost techs.

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

NEW YORK (CNNMoney.com) -- U.S. stocks were expected to open lower Thursday, as investors remained jittery ahead of a flurry of economic data.

S&P 500, Nasdaq-100 and Dow Jones industrial average futures were little changed ahead of the opening bell.

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

U.S. stocks have been volatile recently amid concerns about the economy and banking sector. On Wednesday, Wall Street ended mixed after the Federal Reserve left its key interest rate near 0% and said it expected rates to remain at that level for some time.

Economy: Investors were awaiting a series of economic readings before Thursday's opening bell including October chain-store sales which will be released throughout the morning.

Also in focus in a a weekly report on jobless claims, which is due out at 8:30 a.m. ET.

That could give Wall Street a better sense of how Friday's all-important monthly employment report for October might turn out. Economists are currently expecting the economy to have lost another 166,000 jobs during the month.

All that has made for a pretty nervous atmosphere among investors, said Dan Cook, senior market analyst at IG Markets.

"I think everybody is taking a 'wait-and-see' attitude," he said.

Late Wednesday, the Senate voted to extend unemployment benefits by up to 20 weeks and to extend the $8,000 first-time homebuyer tax credit.

Earnings: Cisco (CSCO, Fortune 500) delivered better-than-expected profits late Wednesday and said its business was recovering.

Automaker Toyota (TM) reported a surprise quarterly profit Thursday, while it issued a more upbeat forecast for its full-year results.

In other earnings news, Time Warner Cable (TWC) reported an 11% decline in its third-quarter profits, which were slightly better than analysts' estimates.

Also due to report before Thursday's opening bell were Cardinal Health (CAH, Fortune 500) and CVS Caremark (CVS, Fortune 500).

World markets: Asian stocks retreated, with Japan's Nikkei posting a 1.3% decline. Major European indexes dipped in midday trading.

In currency trading, the dollar was up against the euro and the British pound but declined against the yen.

And crude prices were lower Thursday, as oil fell 45 cents to $79.95 a barrel. To top of page

Features
Markets Last Change
Dow Jones 10,475.89 42.18 / 0.40%
Nasdaq 2,177.34 8.16 / 0.38%
S&P 500 1,110.47 4.82 / 0.44%
10-year Bond 100 10/32 Yield: 3.33%
U.S.Dollar 1 euro = $1.508 0.012
November 25, 2009 11:49 AM ET
CompanyPrice% Change
US Airways Group Inc 3.54 7.27%
Ubs Ag Jersey Brh 22.00 4.61%
Dillard Department Stores Inc 17.02 4.29%
AMR Corp 5.79 4.12%
Nov 25 11:43am ET †
More Galleries
Most (and least) affordable cities to buy a house Here are the 5 metro areas where the average American family can afford to purchase a median-priced home -- and the 5 where they can't. More
Holiday gifts for work and play You've got enough to worry about. So take the stress out of holiday shopping with our picks for everyone on your list. More
7 wicked Black Friday Car deals It turns out the day after Thanksgiving is a great day to shop for a car. Here a few deals that deserve special attention. 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.