April 15, 2014 -- 8:30 a.m. - 04/15/14
Stock index futures are suggesting a higher open this morning. The Dow and S&P 500 are up 0.2%. The NASDAQ is trading 0.3% above fair value on Globex.
The major averages are poised to add to yesterdays advance following readings on the economy. Futures held gains even after a report showed consumer prices rose 0.2% in March, above a projected 0.1% increase. A separate release revealed the pace of manufacturing activity in the New York region unexpectedly slowed this month. Shortly after the open, a report may show housing sentiment improved in April.
On the earning front, Coca-Cola is 2.8% higher at $39.80 after posting in-line quarterly results that included an increase in global volumes. Johnson & Johnson is climbing 2.5% to $99.60 following the companys positive profit release and increased full-year forecast. Over in tech, Intel is up 0.3% to $26.63 while Yahoo! advances 1.7% to $34.01 ahead of their scheduled earnings reports after the closing bell.
European markets are mostly lower at midsession. The FTSE is down 0.1% in London. The DAX is off 0.3% in Frankfurt after a disappointing economic sentiment report. Asian markets were mixed overnight. The Nikkei added 0.6% in Tokyo amid a weaker yen. Chinas Shanghai Composite dropped 1.4% after a report showed an increase in the countrys money supply.
Treasuries are little changed following the inflation report. Benchmark 10-year notes are down 1/32 to yield 2.65%.
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.