U.S. stock futures were indicating a higher start as traders return from the Christmas break, with focus on a Treasury auction, while airlines were pointing lower after a foiled attempt to blow up a U.S. passenger jet on Christmas Day rattled the sector.
Futures for the Dow Jones Industrial Average were up 1 point to 10466, while those for the S&P 500 were up under a half point to 1122.4 and those for the Nasdaq 100 were up 3.75 points to 1871.75.
The S&P 500 ended the trading week with a 2.2% advance to 1126. The Dow Jones Industrial Average gained 1.9% for the week, to 10520. The Nasdaq Composite gained 3.4% for the week, to finish at 2286.
Former Back of America (BAC) CEO Hugh McColl and former CFO Mark Oken, is one of a group of investors looking to raise as much as $600 million to purchase banking assets in Florida. Falfurrias Capital Partners, a Charlotte-based investment firm cofounded by Oken and McColl, have agreed to invest an undisclosed amount in North American Financial Holdings. North American is led by Gene Taylor, Bank of America’s former head of investment and corporate Banking, and Chris Marshall, who was the former CFO of Fifth Third Bancorp. Bank of America Corp. (NYSE:BAC, $15.25, +$0.06, 0.39%) rose 0.20 percent to $15.28 on Monday morning pre-market trading session, even on last week of Thursday, shares of Bank of America climbed 0.39 percent, closed on $15.25 and BofA dropped 1.42 percent in the past one month trading.
CitiGroup’s home loan program within the CitiMortgage unit of the company has been pointed out as one of the best lenders, currently, in the Making Home Affordable home loan modification program. So, with such positive results from CitiGroup, CitiMortgage, a home loan from CitiMortgage may be the best way to go for anyone looking to buy. Citigroup Inc. (NYSE:C, $3.35, +$0.06, 1.82%) jumped 0.60 percent to $3.37 on Monday morning pre-market trading session, even on last week of Thursday, Citigroup shares were up 1.82 percent, closed on $3.35.
Egg producer Cal-Maine Foods Inc. (CALM) reported earnings of 67 cents per share verses an expected 66 cents for its fiscal second quarter. Cal-Maine Foods, Inc. (NASDAQ:CALM, $30.81, -$0.36, -1.15%) rose 3.86 percent to $32.00 on Monday morning pre-market trading session, while on last week of Thursday, shares of Cal-Maine fell 1.15 percent, closed on $30.81.
AT&T has stopped selling the Apple iPhone in the New York metropolitan area through its Web site, perhaps due to data congestion, credit card fraud, or routine sales strategy changes. AT&T Inc. (NYSE:T, $28.10, +$0.06, 0.21%) jumped 0.53 percent to $28.25 on Monday morning pre-market trading session, even on last week of Thursday, AT&T shares were up 0.21 percent, closed on $28.10.
Apple (AAPL) got an early Christmas present, as its shares hit an all-time high on Thursday. The excitement over its much-anticipated tablet computer is growing, and word is a major launch event is planned for the device in January. Apple still hasn’t admitted to the project, but that didn’t manage to dampen speculation. Apple Inc. (NASDAQ:AAPL, $209.04, +$6.96, 3.44%) rose 1.41 percent to $211.98 on Monday morning pre-market trading session, even on last week of Thursday, shares of Apple climbed 3.44 percent, closed on $209.04.
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