U.S. stock futures traded higher Thursday after the previous session’s sell-off, as some signs of optimism emerged ahead of the release of U.S. gross domestic product data for the third quarter.
Futures for the Dow Jones Industrial Averages recently rose 36 points to 9747. S&P 500 futures gained 4.5 points to 1043.5, and Nasdaq 100 futures were up 4.5 points to 1684.5.
U.S. stocks closed sharply lower Wednesday, with the Dow Jones Industrial Average posting its third triple-digit loss in four sessions after an unexpected decline in new-home sales fueled worries about the pace of the economic recovery. The Dow dropped 1.2%, and S&P 500 index fell 2%.
Bank of America Merrill Lynch on October 28 announced the expansion of its global algorithmic trading platform into Brazil to meet increasing demand from international and local investors for more sophisticated trading products designed for Brazil’s Bovespa. Bank of America Corporation (NYSE:BAC, $15.01, -$0.44, -2.85%) rose 0.33 percent to $15.06 on Thursday morning pre-market trading session, while on Wednesday, shares of Bank of America fell 2.85 percent, and closed on $15.01, BofA fell 12.83 ercent in the past one month trading.
Procter & Gamble Co., the world’s largest consumer-products company, said first-quarter profit fell less than analysts estimated after price increases helped counter volume declines. Net income dropped 1.2 percent to $3.31 billion from $3.35 billion a year earlier, the Cincinnati-based company said today in a statement. Earnings were $1.06 a share, compared with the 99 cent average. The Procter & Gamble Company (NYSE:PG, $57.23, +$0.05, 0.09%) jumped 2.52 percent to $58.67 on Thursday morning pre-market trading session, even on Wednesday, Procter & Gamble shares rose 0.09 percent and closed on $57.23.
Colgate-Palmolive Co. (CL) said its third-quarter net income increased to $590 million or $1.12 per share from $500 million or $0.94 per share in the year-ago period. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $1.11 for the quarter. Colgate-Palmolive Company (NYSE:CL, $77.68, -$0.17, 0.22%) rose 0.41 percent to $78.00 on Thursday morning pre-market trading session, while on Wednesday, shares of Colgate-Palmolive fell 0.22 percent, and closed on $77.68.
German lender Deutsche Bank today reported third quarter profit of 1.4 billion euro, which has nearly tripled from that of the year-ago period supported by tax benefits and rise in revenues. Net revenues of the bank increased 64 per cent to 7.2 billion euro compared with 4.4 billion euro in the same quarter last year, Deutsche Bank said in a statement. Deutsche Bank AG (NYSE:DB, $70.77, -$3.27, -4.42) jumped 6.17 percent to $75.14 on Thursday morning pre-market trading session, while on Wednesday, Deutsche Bank shares fell 4.42 percent and closed on $70.77.
Pharmaceutical company AstraZeneca PLC posted a 22 percent rise in third quarter net profit on Thursday, boosted by initial sales of its swine flu vaccine and delayed entry of generic drug competition in the United States. AstraZeneca plc (NYSE:AZN, $45.17, -$1.02, -2.21) rose 0.80 percent to $45.53 on Thursday morning pre-market trading session, while on Wednesday, shares of AstraZeneca fell 2.21 percent, and closed on $45.17.
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