SAN FRANCISCO (Thomson Financial) - TF North America Daybook - Friday, April
11, 2008
MAJOR U.S. EQUITY INDEXES:
Wall Street is looking at a lower open Friday after General Electric Co.
reported a smaller-than expected first-quarter profit and lowered its outlook
for 2008, and as investors await a survey on consumer sentiment.
The Dow Jones industrial average is expected to open down 36 points to
12,564. S&P 500 futures were down 5.40 points to 1357.40, and Nasdaq futures
were down 6.00 points to 1852.75.
Stocks rose on Thursday for the first time in three days, helped by a
decline in unemployment claims and a better-than-expected sales performance by
discount retailers, the Associated Press reported.
The Dow industrials rose 54.72 points, or 0.44%, to 12,581.98. The S&P
500-stock index rose 6.06 points, or 0.45%, to 1,360.55, and the Nasdaq
composite index rose 29.58 points, or 1.27%, to 2,351.70.
The 10-year Treasury note was down 16/32, at 99 21/32, and its yield, which
moves in the opposite direction from its price, rose to 3.54% from 3.48% late
Wednesday.
Light sweet crude oil fell 76 cents to settle at $110.11 a barrel on the New
York Mercantile Exchange.
ECONOMIC DATA:
- Import prices for March, 8:30 a.m. ET, 1.8% estimate
- Reuters/University of Michigan preliminary consumer sentiment index for April,
10 a.m. ET, 68.0 estimate
EARNINGS HIGHLIGHTS:
Company Symbol Period Estimate Time
Fastenal FAST 1Q $ .43 NTS
Figures in parentheses denote losses.
COMPREHENSIVE EARNINGS LIST:
SJR (8:30 a.m. ET), ACC.TO (BMO-ET), GE (BMO-ET), QSGI (BMO-ET), CWG (NTS), FAST
(NTS)
BMO - Before market opens
AMC - After market closes
NTS - No time supplied
Joseph Woelfel
jw/jw/jw
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