U.S. stock futures advanced Wednesday morning ahead of what is going to be a busy day full of economic reports before Thanksgiving. While investor sentiment is still upbeat following the Federal Reserve minutes and optimism about the economy.
S&P 500 futures gained 5.40 points to 1108.50, and Nasdaq 100 futures added 8.75 points to 1795.20. Futures on the Dow Jones Industrial Average rose 42 points to 10447.
U.S. equities finished modestly lower Tuesday, but pared what had been steep declines. The Dow Jones Industrial Average fell 17 points, or 0.2%, to 10433.
Women’s apparel retailer Coldwater Creek Inc. said Tuesday its loss widened in the third quarter, largely because of a hefty tax charge and higher promotional costs. For the three months ended Oct. 31, the company lost $34 million, or 37 cents per share. That compared with a loss of $1.3 million, or a penny a share in the year-ago period. Coldwater Creek Inc. (NASDAQ:CWTR, $5.35, +$0.12, 2.29%) fell 6.54 percent to $5.00 on Wednesday morning pre-market trading session, while on Tuesday, shares of Coldwater Creek rose 2.29 percent and closed on $5.35.
TiVo Inc. (TIVO) swung to a fiscal third-quarter loss as the prior year’s results were boosted by $87.8 million in litigation proceeds related to EchoStar Corp. (SATS). Separately, the digital video recording company said it entered into a set-top-box partnership with Virgin Media Inc. TiVo Inc. (NASDAQ:TIVO, $10.97, +$0.24, 2.24%) jumped 1.73 percent to $11.16 on Wednesday morning pre-market trading session, even on Tuesday, Tivo shares climbed 2.24 percent and closed on $10.97.
Tiffany & Co (TIF) reported a larger-than-expected quarterly profit as the upscale jeweler contained costs and benefited from stronger sales in Asia and Europe. Earnings edged down to $43.3 million, or 35 cents per share, in the third quarter ended on October 31 from $43.8 million, or 35 cents per share, a year earlier. Tiffany & Co. (NYSE:TIF, $41.83, +$0.02, 0.05%) rose 5.43 percent to $44.10 on Wednesday morning pre-market trading session, even on Tuesday, shares of Tiffany climbed 0.05 percent and closed on $41.83.
Deere & Co., posted a fourth-quarter net loss of $222.8 million and forecast 2010 profit that trails analysts’ estimates as the recession reduces demand from growers. The net loss of 53 cents a share compares with profit of $345 million, or 81 cents, a year earlier, Moline, Illinois- based Deere said today in a statement. Profit in the year starting Nov. 1 will be $900 million, less than the $1.15 billion average estimate of 13 analysts surveyed by Bloomberg. Deere & Company (NYSE:DE, $52.29, +$0.44, 0.85%) dropped 0.94 percent to $51.58 on Wednesday morning pre-market trading session, while on Tuesday, Deere & Co. shares jumped 0.85 percent and closed on $52.29.
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