US STOCKS-Futures fall after latest Dow, S&P records
* Macy’s climbs after earnings
* Wholesale inventory data due
* Futures off: Dow 76 pts, S&P 8.5 pts, Nasdaq 14 pts (Adds premarket actives)
By Chuck Mikolajczak
New York City, Nov 12 (Reuters) – UNITED STATE stock index futures werelower on Wednesday, putting major indexes on track to pull away aday after the Dow and S&P 500 closed at document highs for a fifthstraight session.
* Monetary firms will be in emphasis after globalregulators fined 5 significant banks – consisting of UBS AG (NYSEArca: FBGX – information), HSBC Holdings Plc (HKSE: 0005. HK – information) as well as Citigroup Inc (NYSE: C – news) – $3.4 billion for falling short to quit their traders fromtrying to control the international exchange market. Citigroup (Swiss: C.SW – information)shares dipped 0.6 percent to $53.48 just before the opening bell.
* Tuesday’s record close for the S&P 500 marked its 40th newclosing high for the year, versus 45 in 2013. The prior time theindex closed at a document high for 5 straight days was in May2013, with the following longest streak being an 8-day run in June1997. The Dow is on a 6-day winning streak, its longest run since June.
* The S&P 500 has actually rallied even more compared to 9.5 percent from asix-month low in October, buoyed by supportive economic data andsolid corporate revenues. For the year up until now, the index is up10.4 percent.
* As revenues period attracts to a close, Thomson Reuters datathrough Tuesday morning showed that of 449 firms in the S&P 500 reporting, 74.6 percent beat expectations, above the 63percent typical beat price considering that 1994 and 67 percent for the pastfour quarters. Revenues general were anticipated to increase 10 percentover the year-ago duration.
* Macy’s Inc shares turned around preliminary losses premarketand turned higher, up 2 percent to $59.75 after the retailerposted third-quarter revenues and modified its full-year overview. Cisco Systems Inc (Xetra: 878841 – information) is planned to postresults after the close.
* Plug Power Inc (NasdaqCM: PLUG – information) dropped 13.2 percent to $4.41 just before the opening bell after the fuel cell maker reported abigger-than-expected third-quarter loss. Volume of over 550,000 shares put the stock atop one of the most actively traded Nasdaq issuespremarket and also stood for even more than 5 percent of its 10-dayaverage.
* In a light day for financial information, a record on wholesaleinventory for September is due at 10 a.m. EST (Various other OTC: ECPCY – information) (1500 GMT). Expectations require a 0.2 percent increase versus the 0.7 percentincrease in the prior month.
* Susquehanna Bancshares Inc rose 31.3 percent to$13 premarket after the firm consented to be gotten by BB&TC orp for regarding $2.5 billion.
* S&P 500 e-minis were down 8.5 points, or 0.42 percent, with 152,571 contracts transforming hands.
* Nasdaq 100 e-minis fell 14 factors, or 0.33 percent, in quantity of 26,084 agreements.
* Dow e-minis dropped 76 points, or 0.43 percent, with 25,128 contracts altering hands. (Reporting by Chuck Mikolajczak Modifying by W Simon and JSBenkoe)
- Stocks & & Offerings
- UNITED STATE Information
- Citigroup Inc