Wall Street was struggling to carry over positive momentum from the previous session Thursday morning as traders braced for earnings results from JPMorgan Chase and another round of key economic data.
As of 6:15 am ET, the Dow Futures were down 30 points, NASDAQ Futures were down 4 points, and the S&P Futures were down 4.2 points.
After showing a lack of direction throughout much of the session, stocks moved sharply higher going into the close of trading on Wednesday. The major averages all closed in positive territory after turning in a mixed performance for most of the day
The Nasdaq ended the session up 1.08 points or 0.1 percent at 1,626.80, while the Dow jumped 109.44 points or 1.4 percent to 8,029.62 and the S&P 500 closed up 10.56 points or 1.3 percent at 852.06.
Global financial services firm JPMorgan Chase & Co. (JPM) would publicize dollars-and-cents details of its first quarter before market opens on April 16, with analysts projecting earnings of $0.32 per share on revenues of $22.95 billion. In the year-ago period, the company earned $0.68 per share on revenues of $16.9 billion.
Gannett Co. (GCI), Harley Davidson (HOG), and Southwest Airline (LUV) are also due to report their results.
Trading could also be impacted by the release of reports on housing starts, weekly jobless claims, and manufacturing activity in the Philadelphia area.
General Growth Properties Inc. (GGP) said all of its shopping centers, master planned communities and other properties remain fully open for business after today's announcement that GGP and certain of its subsidiaries filed for relief under Chapter 11 of the federal Bankruptcy Code.
Drugmaker Roche Holdings AG (RHHBY.PK) reported first-quarter total sales of CHF 11.6 billion, up from CHF 10.86 billion in the prior year. This is an increase of 7% in local currencies.
Rosetta Stone Inc., a provider of technology-based language learning solutions, announced the pricing of its initial public offering, or IPO, of 6.25 million shares of its common stock at $18.00 per share. The shares were priced above the estimated $15-$17 range.
AIG (AIG) is reportedly pursuing a deal to selling its auto insurance division to Swiss firm Zurich Financial Services for approximately $1.5 billion.
European stocks were off to a decent start Thursday. The FTSE of the UK was up 20 points, the DAX of Germany was up 15 points, and the CAC of France was up 19 points.
Asian stocks were mixed with Tokyo's Nikkei pausing from a recent downtrend by rising fractionally. The Hang Seng of Hong Kong slipped 0.5 percent.
For comments and feedback: contact firstname.lastname@example.org