Monday, September 20, 2010

BEFORE THE BELL: US Stock Futures Higher Before Housing Data - WSJ.com

BEFORE THE BELL: US Stock Futures Higher Before Housing Data - WSJ.com:
"Futures on the Dow Jones Industrial Average gained 22 points to 10560 and S&P 500 futures were up 3 points at 1122.7. Nasdaq 100 futures rose 5 points at 1957.75.

The moves came after modest gains for Wall Street in the previous session, which contributed to the third straight weekly gain for U.S. markets.

additionally:


Home builder Lennar Corp. (LEN) was another gainer, adding 5.3% ahead of the open, after it reported a return to profitability in the fiscal third quarter, with earnings of 16 cents a share handily beating the 4-cent consensus forecast.
Discover Financial Services (DFS) posted a third quarter profit of 47 cents a share as card sales volume rose 5% and loan loss provisions fell 34%.
European stocks also made a healthy start to the week Monday, with the U.K.'s FTSE 100 index jumping 1.1% and the German DAX 30 index gaining 0.5%.

After U.S. stock markets open, at 10 a.m., EDT, the National Association of Home Builders will release its September housing-market index. Economists surveyed by Dow Jones Newswires expect the index to rise to 14 from 13. This will be the first in a string of housing-market data due this week.

On Tuesday, the Federal Reserve will announce its latest rate decision"
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