SAN FRANCISCO (Thomson Financial) - TF North America Daybook - Friday, April 18, 2008 MAJOR U.S. EQUITY INDEXES:
U.S. stocks look poised to open higher Friday after Citigroup Inc. said it swung to a first-quarter loss, amid $15.2 billion in credit costs, write-downs and value adjustments, but revenue that topped expectations.
S&P 500 futures rose 10.60 to 1382.50, while Nasdaq futures rose 14.75 to 1881.75.
On Thursday, Wall Street finished an erratic session mixed after an uneven batch of earnings reports made investors cautious about buying stocks.
The Dow Jones industrial average gained 1.22, or 0.01%, to close at 12,620.49, the Nasdaq composite index fell 8.28, or 0.35%, to 2,341.83, and the Standard & Poor's 500 index advanced 0.85, or 0.06%, to 1,365.56.
The 10-year Treasury note's yield rose to 3.73% from 3.71% late Wednesday, and crude oil fell 7 cents from Wednesday's close to settle at $114.86 a barrel on the New York Mercantile Exchange. ECONOMIC DATA: - None expected. EARNINGS HIGHLIGHTS: Company Symbol Period Estimate Time Caterpillar Inc. CAT 1Q $ 1.33 BMO Honeywell International HON 1Q .82 BMO Manpower Inc. MAN 1Q .82 BMO
Figures in parentheses denote losses. COMPREHENSIVE EARNINGS LIST: WL (8 a.m. ET), ZNH (AMC-HKT), C (BMO-ET), CAT (BMO-ET), CATY (BMO-ET), HON (BMO-ET), IGTE (BMO-ET), MAN (BMO-ET), NETC (BMO-ET), SLB (BMO-ET), STU (BMO-ET), WIT (NTS), ACO (NTS), ACU (NTS), CRNT (NTS), MHK (NTS), PRSP (NTS), XRX (NTS) BMO - Before market opens AMC - After market closes NTS - No time supplied AFTER-HOURS ACTION:
After Thursday's closing bell, Google Inc. reported that its first-quarter profit climbed 30%, surpassing analysts' predictions. Advanced Micro Devices Inc. posted a first-quarter loss that matched Wall Street's lowered expectations. Capital One Financial Corp. said first-quarter profit fell 19%, SanDisk Corp. said it swung to a profit in its first quarter, and Stryker Corp. said its first-quarter profit rose 19% on higher sales of its orthopedic implants and surgical equipment. Joseph Woelfel jw/gm/jw/jw/gm/jw COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.