February 24, 2014 -- 8:30 a.m. - 02/24/14
Stock index futures are pointing to a modestly higher open in New York with the Dow up 0.2% on Globex. The S&P 500 and NASDAQ are trading 0.3% above fair value.
Investors are optimistic heading into the session. Economic data will be a factor with the Dallas Fed reporting February manufacturing activity at 10:30am ET. On the earnings front, Dillards is off 1.8% in pre-market action after the retailer reported results that were below analysts expectations.
In other news, RF Micro Devices is rallying 22% on reports that the company is merging with TriQuint Semiconductor. Shares of Netflix are also trading higher, up 1.1% after announcing that it reached a service agreement with Comcast to provide faster service for its streaming content. Precious metal stocks could be active in the session as gold prices advance 0.7% to $1333.40 an ounce. Shares of Goldcorp are up 1.5%.
Turning to fixed income markets, Treasuries are lower along the curve. The benchmark 10-year note is down 1/8 of a point to yield 2.75% and the 30-year bond is off 5/32 to yield 3.70%.
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.