Wall St. futures rise; eyes on earnings, Beige Book

565 views
1 min read

Both Dow Jones futures and S&P 500 futures were up 0.55% at 0945 GMT, while Nasdaq futures were 71% higher.
Stocks on the move after Tuesday's closing bell included savings & loan Washington Mutual , up more than 8%, software maker WMware, down 10.5%, chip maker Broadcom, up 3.5%, brokerage E*Trade, down 11.6%, surgical systems maker Intuitive Surgical up 11.3%, and Yahoo, up 1.8%.
Philadelphia Consolidated Holding Corp's shares listed on the Berlin stock exchange were up 41.3% after news that Tokio Marine Holdings Inc plans to buy the non-life insurer for about $4.7 bln — the largest U.S. acquisition by a Japanese financial company.
U.S. economic data diary thin; the Federal Reserve's Beige Book of economic conditions due at 1800 GMT.
"The Beige Book should confirm expectations that a change of interest rate policy is not imminent," Commerzbank said in a note.
"The U.S. economy will probably be described as continuing to grow slowly, with no signs of an improvement in the housing market," it said.