Most Shared

July 15, 2013 -- 8:30 a.m. ET - 07/15/13

U.S. stock futures are indicating a higher open. The Dow, S&P 500 Index and NASDAQ are all about 0.2% above fair value. The major averages look poised to extend last weeks rally as investors digest a batch of mixed economic data. On our shores, retail sales increased by a less than projected 0.4% in June as demand weakened at building materials outlets and restaurants. A separate report showed manufacturing in the New York region unexpectedly expanded in July at the fastest pace in five months. After the open the business inventories report is due out at 10:00 a.m. ET which is anticipated to show a slowdown in May. Meanwhile in Asia, Chinas economy slowed in the second quarter to 7.5%, but matched market expectations. Earnings season is also in focus. Citigroup posted a 42% increase in second-quarter profit that topped analyst estimates thanks to a surge in stock-trading revenue. Notable profit tallies from Cintas and JB Hunt Transport Services are scheduled for release after the close tonight. On the M&A front, Leap Wireless is rallying over 116% in pre-market trading after announcing it agreed to be acquired by AT&T for about $1.2 billion. In fixed-income, Treasuries are paring last weeks rally. The 10-year note is down 1/32 to yield 2.58% and the 30-year bond is losing 10/32 to yield 3.65%.

Benjamin J. Chuckrow
Senior Vice President - Branch Manager

Wells Fargo Advisors, LLC | 37 Henry Street, Suite 201 | Saratoga Springs, NY  12866
Tel 518-581-5049 | Toll-free 800-581-5196 | Cell 518-316-3848 | Fax 518-581-5055 |


To unsubscribe from marketing e-mails from:
An individual Wells Fargo Advisors financial advisor: Reply to one of his/her e-mails and type Unsubscribe in the subject line.
Wells Fargo and its affiliates: Unsubscribe at

Neither of these actions will affect delivery of important service messages regarding your accounts that we may need to send you or preferences you may have previously set for other e-mail services.

For additional information regarding our electronic communication policies, visit

Wells Fargo Advisors, LLC is a separate nonbank affiliate of Wells Fargo & Company, Member FINRA/SIPC. 1 North Jefferson, St. Louis, MO 63103.


Top Stories

See It Loading...
Advertise with us!