Up lets get you up to speed on the markets. U. S. Equity futures are suggesting a positive open and implied open of 70 points for the dow and s p nearly 9 and for the nasdaq a little more than 24 points. Right where we were yesterday before the retail sales report. Heres the other big stories were watching today. Two economic reports due at 8 30 eastern. Well hear from kohls before the bell and this afternoon watch for nordstrom among others and in Corporate News General Electric is going to sell its commercial finance business. This is part of the plan to spin off most of ge capital. The business is worth around 5 billion dollars. The dow closed yesterday just over 18,000 so up or down or up a little some days and down a little other days. Flat lining still. Thats 2015 and really the story this year. Good today though up 72 points indicated on the dow jones up 9 on the s p. Nasdaq, the strongest in premarket trade up 24 indicated up 25 so far on the session. European markets are mixed
Years. Companies are showering cash on shareholders. S p 500 companies bought back more than 128 billion of their own shares in the third quarter. Thats the highest level since the Fourth Quarter back in 2007. If you combine buybackes and dividends, you get a total of 207 billion. Thats just in the third quarter. Take a look at the futures right now and see how markets are setting themselves up for the morning. We have some green arrows again. The dow looking like it would open up about 30 points higher, nasdaq looking like it would open higher. We have more on the markets in just a few minutes. But before we do that, Michelle Caruso cabrera has some of the morning headlines. I love the shirt, andrew. Thank you. Its terrific. I will take that. In corporate news, disney is reducing bob igers pay. Disneys strong results didnt outperform igers target by the same extraordinary amount in 2012. In other company news, the company has named jack dorsey a cofounder. Shares of disney are up this
Shares of power producers ticked down, but remained sharply higher for the year to date, as traders positioned themselves for a decline in Treasury yields. Recent softness in retail-sales and. -May 20, 2024 at 05:37 pm EDT
- MarketScreener
America’s inflation problem has improved greatly, but it’s proving to be stubborn when it comes to services. That means the Federal Reserve, which is tasked with stabilizing prices, could keep interest rates higher for longer if the rising cost of your haircut and doctor’s visit doesn’t slow soon.