AIG, Hartford Stk Futures Up Before the Bell
U.S. stock index futures were modestly higher on Tuesday, as caution ahead of June retail sales offset hopes that Goldman Sachs will kick off a strong reporting season for financial companies.
S&P 500 futures rose 2.7 points to 898.30 and Nasdaq 100 futures rose 4 points to 1446.50. Futures on the Dow Jones Industrial Average rose 24 points.
An upgrade for Goldman Sachs Group Inc. (GS) by bearish analyst Meredith Whitney helped send U.S. stocks higher on Monday, with the Dow Jones Industrial Average rising 185 points, the Nasdaq Composite up 37 points and the S&P 500 up 21 points.
American International Group, Inc. (NYSE:AIG, $15.26, +$0.69, 4.74%) jumped 4.74 percent to $15.26 in pre-market trading session and also on Monday AIG shares got biggest jump again after Friday to 24.11 percent and closed on $14.57. American International Group Inc. (AIG), for instance, ultimately needed a government rescue in part because it couldn’t support huge obligations incurred by a unit that sold credit protection on complex securities.
Hartford Financial Services (NYSE:HIG, $11.50, +$0.19, 1.68%) rose 1.68 percent to $11.50 in pre-market trading session and on Monday Hartford Financial’s shares rose 7.51 percent and closed on $11.31.
Asian shares ended higher Tuesday after strong overnight gains on Wall Street, with commodity stocks buoyed by a bounce in metal and oil prices. Japan’s Nikkei 225 Average rose 2.3% to 9261.81 to snap a nine-session losing streak.
Europe stocks rose for a second day, with the Dow Jones Stoxx 600 rising 1.2%.
Bombay Stock Exchange’s Sensex closed at 13853.70, up 453.38 points or 3.38 per cent. The 30-share index hit a high of 13903.48 and low of 13549.42.
National Stock Exchange’s Nifty ended at 4111.40, up 137.35 points or 3.46 per cent. The index touched an intra-day high of 4128.90 and low of 3974.10.
