News Column

US stocks looking firm, Twitter shares plunge

February 6, 2014

U.S. markets looked upbeat Thursday morning, with investors awaiting jobs data in the U.S. and central bank decisions from Europe , while shareholders in Sony and Twitter not feeling so happy. Overall, U.S. stock futures were ticking notably higher ahead of the opening bell. -Futures on the Dow Jones Industrial Average gained 0.462% to 15438 -Futures on the S&P 500 gained 0.482% to 1752.40 -Futures on the NASDAQ 100 gained 0.522% to 3463.50 . As of 06:57 a.m. ET The European Central Bank will announce its latest policy decision at 7:45 a.m. ET , with ECB president Mario Draghi speaking at a press conference at 8:30. Also at 8:30, the U.S. government will release its weekly report on initial jobless claims. Investors are waiting for Friday`s monthly non-farm payroll data , which should give a good overview of the current state of the U.S. job market. Shares in Twitter were down 17% pre-market after the company released its first quarterly results since going public last year. Investors were disappointed by a forecast of slower sales growth. Corporate News Sony may get a boost in New York trading. Shares edged higher in Japan as the company announced a series of major changes after warning it would make a loss of $1 billion this year. Sony is selling its loss-making Vaio PC unit, spinning out its television business and cutting 5,000 jobs. Shares in Credit Suisse look set to fall by about 3% after the bank`s profits came in weaker than expected. Investors are also waiting for AOL to release quarterly results before the opening bell, while LinkedIn is up after the close. Shares of Green Mountain Coffee Roasters soared 40% in after-hours trading on news that the firm is partnering with Coca-Cola on its forthcoming cold-beverage-brewing system. SodaStream, which will face competition from the new product, fell 9% following the announcement.

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Source: Financial Markets

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