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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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U.S. reports lower GDP growth, but stocks gain in optimistic environment

Sep 30, 2010 04:19 PM

The U.S. reported declining growth in its gross domestic product on Thursday - but stock index futures rose as jobless claims fell. Federal Reserve chairman Benjamin Bernanke will also testify before the Senate Banking Committee today, and some expect him to hint at further stimulative monetary policy measures.

Dow Jones Industrial Average index futures rose 85 points to 10,865, while S&P 500 index futures climbed 10.6 points to 1,151.5 at 9:47 a.m. EST.

Nasdaq 100 futures rose 13 points to 2,022.

Across the pond, DJ Euro Stoxx 50 index futures gained 32 points to 2,773 and FTSE 100 index futures jumped 62 points to 5,608.

And in Japan, Nikkei 225 index futures rose 80 points to 9,440.

"Overall, these numbers are market positive," David Kelly, chief market strategist for JPMorgan Funds in New York, told Bloomberg News. "It's important to recognize how out-of-whack market valuations are. We've got extraordinarily low bond yields. We're about to enter earnings season and stocks are selling 12.5 times earnings, well below average for PE ratios."

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