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US Stock Futures Higher On Optimism Ahead Of EU Summit

By Nick Godt U.S. stock futures pointed to a higher open Wednesday, lifted by hopes that a much-awaited summit of European leaders will present a convincing plan to handle the euro zone's debt crisis. Futures on the Dow Jones Industrial Average rose 57 points to 11,719 and those on the Standard & Poor's 500 stock index advanced 6.4 points to 1,231. Nasdaq 100 futures gained 11 points to 2,332.70. Stocks fell sharply on Tuesday, with the DJIA falling 1.7% and the S&P 500 losing 2%. U.S. data and earnings disappointed investors while markets remained shaky given uncertainty over the European Union's plans. German Chancellor Angela Merkel spoke to parliament in Berlin Wednesday ahead of a vote on boosting the firepower of the 440 billion euro ($612 billion) euro-zone rescue fund known as the European Financial Stability Facility. The German parliament is expected to back Merkel in the vote and give her a mandate to negotiate a package of measures to tackle the debt crisis at a summit of euro-zone leaders in Brussels later Wednesday. At the summit, leaders are expected to announce details on recapitalizing European banks, addressing Greece's debt burden and boosting the EFSF's firepower. "There really isn't an expectation for a 'solution' versus a 'plan'," said Marc Pado, strategist at Cantor Fitzgerald, in a note. "A plan will provide the framework going forward." In U.S. economic news, data on September durable-goods orders are out at 8:30 a.m. EDT. New-home-sales data for September are due at 10 a.m. EDT. Investors have grown hopeful for the housing market in recent days after a number of Federal Reserve officials said the central bank could do more to support it. Highlights in U.S. earnings include results from Boeing Co. (BA), Ford Motor Co. (F) and Sprint Nextel Corp. (S). Amazon.com Inc. (AMZN) shares fell 11% in preopen trading after the online retailer posted results that fell short of market estimates Tuesday after the close. U.S.-listed shares of Nokia Corp. (NOK) climbed 2.1% in preopen trade after the firm unveiled inaugural devices that will run on Microsoft Corp.'s (MSFT) Windows Phone operating system. -By Nick Godt; 415-439-6400; AskNewswires@dowjones.com

Stock News for Broadcom (BRCM)
DateTimeHeadline
07/31/201517:09:44Current Report Filing (8-k)
07/31/201517:06:17Filing of Certain Prospectuses and Communications in Connection...
07/31/201517:04:32Filing of Certain Prospectuses and Communications in Connection...
07/31/201510:00:12U.S. Hot Stocks: Hot Stocks to Watch
07/31/201509:44:26U.S. Hot Stocks: Hot Stocks to Watch
07/30/201519:20:06Tax Status of Avago-Broadcom Merger Uncertain
07/30/201519:18:21IRS Declines to Assure Avago Takeover Will Be Tax-Free to Broadcom...
07/30/201517:41:18Quarterly Report (10-q)
07/30/201517:07:15Broadcom Swings to a Profit on Higher Demand
07/30/201517:04:42Filing of Certain Prospectuses and Communications in Connection...
07/30/201516:09:41Current Report Filing (8-k)
07/30/201516:05:00Broadcom Reports Second Quarter 2015 Results
07/27/201508:00:00Broadcom Announces Scalable 25/50G Ethernet Controller Product...
07/20/201520:40:24Qualcomm to Conduct Strategic Review, May Consider Breakup
07/06/201516:36:44Statement of Changes in Beneficial Ownership (4)
06/29/201519:48:10Statement of Changes in Beneficial Ownership (4)
06/25/201508:00:00Broadcom Expands Strategic Collaborations in China
06/17/201517:04:18Filing of Certain Prospectuses and Communications in Connection...
06/13/201514:19:035 Gadgets Under $100 That Will Blow Your Mind
06/12/201517:35:41Statement of Changes in Beneficial Ownership (4)

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