Market news
29.06.2011, 13:21

Before the bell:

U.S. stocks were poised for a third day of gains Wednesday, as Greek parliament votes 155-138 to pass five-year austerity package
U.S. stocks rallied on Tuesday, with the Dow jumping 145 points, as investors cheered a report showing that home prices rose in April -- the first time in eight months.
Economy: The National Association of Realtors will release its May pending home sales data at 14:00 GMT. Economists predict that pending home sales slipped 0.6% in May after April's big 11.6% decline.
Companies: Shares of Bank of America (BAC, Fortune 500) rose 4% in premarket trading, after the bank announced it will pay $8.5 billion to settle mortgage-backed securities claims. Bank of America also said it expects to post a second-quarter loss of up to $9.1 billion.
Family Dollar Store (FDO, Fortune 500) reported quarterly earnings before the market open that missed Wall Street expectations -- sending shares of the company 3% lower.
Dell beats Apple hands down - StockTwits
Shares of General Mills (GIS, Fortune 500) slumped 2%, after the cereal maker posted earnings that were roughly in line with expectations, but said higher ingredient companies hurt its performance. The company's 2012 outlook fell short of expectations.
KB Home (KBH) shares fell 4% after the homebuilder reported a second quarter loss.
Monsanto (MON, Fortune 500)'s earnings widely beat expectations, which the company attributed to strength in its seeds business. Shares of Monsanto rose 4% in premarket trading.
World markets:

Oil for August delivery gained $1.21 to $94.10 a barrel.
Gold futures for August delivery rose $9 to $1,509.20 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury edged lower, pushing the yield up to 3.07% from 3.04% late Tuesday.

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