You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #3: All better now! U.S. Stock-Index Futures Gain on Europe Optimism, Surge in Holiday Sales [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 07:10 AM
Response to Original message
3. All better now! U.S. Stock-Index Futures Gain on Europe Optimism, Surge in Holiday Sales
U.S. stock futures rose, signaling the Standard & Poors 500 Index will snap a seven-day decline, after Thanksgiving retail sales climbed to a record and euro- area leaders were said to boost efforts to end the debt crisis.

AT&T Inc. (T) jumped 2.2 percent in Germany after the company was said to prepare an antitrust remedy proposal over its acquisition of Deutsche Telekom AGs U.S. unit. Alcoa Inc. (AA) rallied with metal prices. JPMorgan Chase & Co. (JPM) advanced, tracking European banking shares.

S&P 500 futures expiring in December advanced 2.8 percent to 1,185.6 at 10:42 a.m. in London. The benchmark equity index has fallen 7.9 percent since Nov. 15, including the worst Thanksgiving-week decline since 1932. Futures on the Dow Jones Industrial Average gained 245 points, or 2.2 percent, to 11,432.

It would be a relief for money managers if we can just move Europe from a negative to a neutral impact on the market, Dan Veru, chief investment officer at Fort Lee, New Jersey-based Palisade Capital Management LLC, which manages $3.4 billion, said in a telephone interview. Theres an underpinning of growth in the U.S. and its picking up steam.
Printer Friendly | Permalink | Reply | Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC