One hour to US market trading hour. No wonder, no surprise; at the end of the day, market will and should react. Question is, have you anticipated? Indo kickstart important financial sector earnings release next week. What do you have?
Stock futures climb on upbeat corporate results On Tuesday July 19, 2011, 8:06 am By Ryan Vlastelica NEW YORK (Reuters) - Stock index futures rose on Tuesday after a slew of upbeat corporate results, encouraging investors worried about macroeconomic uncertainties. Dow components IBM added 2 percent to $178.75, while Bank of America was up 1.1 percent to $9.83. International Business Machines Corp (NYSE:IBM - News) late Monday said new business at its services division surged more than expected in the second quarter, raising hopes 2011 would be a good year for the technology sector. Bank of America early Tuesday posted a second-quarter net loss of $8.8 billion after a big settlement with mortgage bond investors. Excluding charges, net income was $3.7 billion, but revenue tumbled 54 percent. Coca-Cola Co (NYSE:KO - News) reported slightly better-than-expected quarterly results on Tuesday, helped by strong growth in emerging markets. Johnson & Johnson (NYSE:JNJ - News) also posted quarterly results. "A lot of investors were worried that the recent soft patch we went through here would show up in earnings, but IBM is showing that multinationals can really fill the gap. That's encouraging," said Cort Gwon, chief strategist at HudsonView Capital Management in New York. "The big concern with Bank of America was that they were going to have more write-offs than anticipated from the settlement. But if they can put the settlement behind them, they should do well." The latest reports followed strong results from JPMorgan Chase & Co (NYSE:JPM - News) and Google Inc (NasdaqGS:GOOG - News) last week, though those results were largely overshadowed by concerns tied to government debt in the United States and Europe. S&P 500 futures rose 8 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 72 points and Nasdaq 100 futures rose 16.75 points. Earnings will remain in focus throughout the day, with reports from Goldman Sachs Group Inc (NYSE:GS -News) and Apple Inc (NasdaqGS:AAPL - News). KeyCorp (NYSE:KEY - News) reported second-quarter earnings that beat expectations as bad loans fell, while Harley-Davidson Inc (NYSE:HOG - News) raised its shipments guidance, sending the stock up 3.8 percent before the bell. Investors also awaited June housing starts data, due at 8:30 a.m. EDT <1230 GMT>. Economists in a Reuters survey forecast a 575,000 annualized rate in June versus 560,000 in May, and a total of 600,000 permits in June, compared with 609,000 in the prior month. Two weeks before a final deadline, U.S. President Barack Obama and top lawmakers faced more pressure for a debt deal amid a growing sense that a last-ditch plan taking shape in Congress may be the only way to avoid a devastating U.S. default. U.S. stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe. (Editing by Jeffrey Benkoe) http://finance.yahoo.com/news/Stock-futures-climb-on-upbeat-rb-2947839762.html?x=0 '+'
