July 25, 2013 -- 8:30 a.m. ET - 07/25/13
Futures are pointing to mixed open in New York. The Dow and S&P 500 are off 0.5% on Globex while the NASDAQ is trading 0.1% above fair value. Investors are cautious heading into the opening bell, despite mostly positive economic reports and corporate earnings. Looking at the data, weekly jobless claims came in at 343,000, largely in-line with the expected 341,000 level. Durable goods orders were also positive, rising 4.2% in June. On the earnings front, Facebook is rallying 24.2% in pre-market action after the company posted earnings and revenues ahead of analysts expectations. Shares of General Motors are also higher, up 1.5% as strong demand in North America helped the automaker post a better-than-anticipated result in the second quarter. Apparel maker Under Armour is adding 8.2% after the company posted their results and raised their full-year earnings guidance. Also among earnings, Harley-Davidson is advancing 2.9% and 3M is off 1.1% following their profit tallies. Turning to fixed income markets, Treasuries are little changed along the curve. The benchmark 10-year note is down over 1/16 of a point to yield 2.59% and the 30-year bond is up 1/32 to yield 3.64%.
Benjamin J. Chuckrow
Senior Vice President
Wells Fargo Advisors
37 Henry Street, Suite 201
Saratoga Springs, NY 12866
Toll Free: 800-581-5196
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.