US stock futures higher ahead of Goldman results

Tue Jul 14, 2009 9:17am BST
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* U.S. stock index futures pointed to a stronger open on Wall Street on Tuesday, ahead of eagerly-awaited quarterly results from Goldman Sachs (GS.N: Quote, Profile, Research).

* At 0809 GMT, futures for the S&P 500 SPc1 were up 0.3 percent, Dow Jones DJc1 futures were up 0.34 percent and Nasdaq 100 NDc1 futures were up 0.17 percent.

* Computer firm Dell (DELL.O: Quote, Profile, Research) and railroad company CSX (CSX.N: Quote, Profile, Research) will be in the spotlight on Tuesday. After the closing bell on Monday, shares of Dell fell 4 percent to $12.50 after it forecast lower gross margins for the July quarter. [ID:nN13208933].

* Shares of No. 3 U.S. railroad CSX rose after the bell on Monday after it reported a stronger-than-expected quarterly profit. In extended-hours trading, CSX shares gained 6.1 percent.

* U.S. crude oil prices CLc1 reversed the previous session's losses and rose above $60 a barrel on Tuesday, helped by improved sentiment amid a stock market rally, but lingering concerns over the outlook for demand capped the rebound.

* European shares climbed 0.9 percent in early trade, driven higher by banking stocks such as Barclays (BARC.L: Quote, Profile, Research) and Deutsche Bank (DBKGn.DE: Quote, Profile, Research), while mining stocks such as Rio Tinto (RIO.L: Quote, Profile, Research) and BHP Billiton (BLT.L: Quote, Profile, Research) tracked a rally in metal prices.

* Japan's Nikkei average .N225 added 2.3 percent to halt a nine-session losing run, with banks buoyed by upbeat analyst comments about the U.S. financial sector and exporters lifted by a halt in the yen's sharp appreciation.

* On the earnings front, companies due to report results on Tuesday include Goldman Sachs (GS.N: Quote, Profile, Research), Intel (INTC.O: Quote, Profile, Research) and Johnson & Johnson (JNJ.N: Quote, Profile, Research).

Goldman shares in Frankfurt (GS.F: Quote, Profile, Research) were up 0.8 percent, while Intel (INTC.F: Quote, Profile, Research) and Johnson & Johnson (JNJ.F: Quote, Profile, Research) rose 1.6 and 1.7 percent, respectively.  Continued...

 
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