October 24, 2013 -- 8:30 a.m. E - 10/24/13
Stock index futures are higher in early trading. The Dow is up 0.4%. The S&P 500 is gaining 0.3% while the NASDAQ trades 0.2% above fair value on Globex. The major averages are indicated to open in positive territory following this mornings round of corporate profit releases and economic data. Ford is gaining 3.7% to $18.17 after quarterly results topped consensus estimates. 3M is 0.7% higher at $124.00 as profits exceeded analyst projections. Homebuilder Pulte Group is up 2.8% to $17.15 as earnings rose more-than-expected. Colgate-Palmolive is down $0.47 to $63.00 after the consumer goods company reported an in-line quarter and reaffirmed its full-year forecast. Symantec is falling 13.5% to $21.29 following the security software makers reduced earnings guidance. Shares of Amazon.com and Microsoft could be active ahead of their earnings reports after the closing bell. Futures held gains after a report showed weekly jobless claims fell 12,000 to 350,000 versus the consensus estimate of 340,000. A separate report revealed the trade balance declined in August. European markets are higher at midsession helped by generally positive earnings releases. The FTSE is up 0.5% in London. The DAX is 0.6% higher in Frankfurt. Asian markets finished mixed on the overnight session. The Nikkei gained 0.4% in Tokyo. Chinas Shanghai Composite declined 0.9% as concerns surrounding tighter liquidity overshadowed a better-than-expected manufacturing report. Treasuries are higher with the 10-year note up 3/32 to yield 2.49%.
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