Posted by
alfredlester on Thursday, February 10, 2011 9:01:05 AM
NEW YORK (Reuters) - U.S. stock index future Fell On Thursday as downbeat earnings from Cisco and Credit Suisse weighed Ahead of Data On The Struggling jobs market.
* Cisco Systems Inc. (CSCO.O) shares tumbled 8.5 percent to $ 20.16 in premarket trading a day after The network equipment maker Warned about dwindling public and Reported Spending Weaker quarterly margins.
* Overseas earnings list overall feeling Toward aussi hurt equities, European shares off With Nearly 1 percent after major European bank Credit Suisse (CSGN.VX) (CS.N) missed profit expectations Because Of debt loads. Its US-traded shares Dropped 5 percent to $ 44.30.
* S & P 500 future Fell 7.7 points below fair value and Were, has pricing formula That Evaluates by Taking Into Account Interest Rates, dividends and time to expiration is The Contract.Dow Jones Industrial Average tumbled further 54 points, and Nasdaq 100 future Were off 20.25 points.
* PepsiCo Inc. (PEP.N) and Sprint Nextel Corp (SN) Reported quarterly results early Thursday.
* Expedia Inc. (EXPE.O), Kraft Foods Inc. (KFT.N) and Goodyear Tire and Rubber Co (GT.N) are due to postponement aussi earnings.
* Debt Yields rose in peripheral European counties is over Concerns A Lack of a concrete policy to tackle The euro zone debt crisis, Further hurting risky assets no teletrek payday advance. The U.S. dollar rose against euro and Pulled The Commodity Prices lower.
* Weekly jobless data, Followed Closely track to The Recovery Of The Labor Market, is Due at 8:30 am EST. Economists in a Reuters survey forecast a total of 410.000 new filings for Unemployment Benefits, Compared With 415.000 In The Prior week.
* At 10 am EST, The Commerce Department releases Wholesale Inventories for December.Economists forecast a 0.7 percent rise versus a 0.2 percent November of DECREASE.
* Google Inc (GOOG.O) and Facebook Inc. Among Others Held Companies Have Low-level takeover Talk With That Would Give the Twitter micro-blogging site has value as high as $ 10 billion, the Wall Street Journal Reported.
* Computer security firm McAfee Inc. (MFE.N) Said hackers working in China broke Into Computer Systems of five multinational oil and gas companies to steal bidding plans and Other critical proprietary information.
* On Wednesday, investors Took profits after a recent rise in U.S. stocks late goal has helped push the Dow squeeze out icts Eighth straight day of gains.
(Reporting by Rodrigo Campos; editing by Jeffrey Benko)
Stock Futures fall after Cisco, Credit Suisse results