Market news
24.01.2011, 14:25

Before the bells: Stocks poised for flat open

U.S. stocks were headed for a flat open Monday, as investors mulled earnings results from McDonald's and Halliburton, with no market-moving economic reports on tap.
Stocks closed mixed Friday, with technology shares lagging behind the broader market. For the week, the Dow gained 1.2% while the S&P was flat. The Nasdaq lost about 1.7% over the last five trading days.

Companies: Before the opening bell, Halliburton (HAL, Fortune 500) logged earnings of 68 cents a share on revenue of $5.2 billion. That beat expectations, with analysts looking for earnings of 63 cents, on $4.9 billion in revenue. Shares of the company edged up modestly in pre-market trading.
McDonald's (MCD, Fortune 500) reported earnings of $1.16 per share on revenue of $6.2 billion - in line with expectations. Shares of the fast food chain slipped 0.5%.
American Express (AXP, Fortune 500) is expected to report earnings of 97 cents per share, on revenue of $7.3 billion, after the market close.
Sara Lee Corp. (SLE, Fortune 500) jumped 2% in pre-market trading on reports the food company received a takeover bid higher than its current market value, from a group of private equity firms.
World markets: European stocks were mixed in morning trading. Britain's FTSE 100 edged up 0.3%, while the DAX in Germany slipped 0.5% and France's CAC 40 was flat.
Asian markets ended the session mixed. The Shanghai Composite slid 0.7% and the Hang Seng in Hong Kong fell 0.3%, as Japan's Nikkei ticked up 0.7%.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location