Friday, May 21, 2010
US stock futures mixed on Wall Street
US stock futures are mixed so far with investors eyeing the end of the earnings seasons as well as a slew of economic data. The DOW is the only index in the green, showing modest gains of 0.09%. The S&P 500 is largely flat at -0.01% while the NASDAQ is off by -0.39%.
The focus today will be on ongoing drama in the euro zone after rumors spread yesterday of possible ECB follow-up to Germany’s decision to regulate naked short-selling. So far however, European financial firms are faring well with Barclays, BNP Paribus and Banco Santander posting gains.
In the US market, investors will be looking out for some of the final first quarter earnings reports by Applied Materials, Gamestop and Staples. Moreover, the weekly jobless claims report is due out today with investors hoping for a large drop to imply sustainable job growth in the world’s largest economy.