March 18, 2014 -- 8:30 a.m. - 03/18/14
Stock index futures are suggesting a higher open on Tuesday. The Dow and S&P 500 are both up 0.4%. The NASDAQ is trading 0.3% above fair value on Globex.
The major averages are poised to advance for a second straight day following comments by Vladimir Putin. The Russian President said he supports Crimeas request to become part of Russia but does not want a further division of Ukraine.
On the economic U.S. front, reports showed consumer prices rose 0.1% and housing starts slipped 0.2% in February. Attention now turns to the Fed as it begins its two-day policy meeting. The central bank is expected to announce another $10 billion reduction in its monthly bond purchases at the meetings conclusion.
Shares of Hertz Global are up 2.9% to $28.00 after announcing plans to spin-off its equipment rental unit. Microsoft is 0.7% higher at $38.30 following a report it may introduce a version of its Office software for Apples iPad. General Electric is adding 0.5% to $25.55 even after a report the company faces two federal investigations of its credit card business.
European markets are up at midsession. The FTSE is gaining 0.3% in London while the DAX advances 0.5% in Frankfurt. Asian markets moved higher overnight. The Nikkei rose 1% in Tokyo and Chinas Shanghai Composite added 0.1%.
Treasuries are little changed with the 10-year note flat to yield 2.69%.
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.