Before the Bell: Futures Flat as Investors Digest Recent Gains


U.S. stock futures were flat as investors take stock of a recent run-up in stock prices and four days worth of economic releases, with no new data scheduled for Friday.

Ahead of the opening bell on Wall Street, the Dow Jones industrial average, S&P 500 and Nasdaq Composite indexes were lower fractionally. Stocks ended Thursday's trading mixed, with the Dow Jones adding 45 points in its eighth straight day of positive sessions. The broader S&P 500 ended slightly lower Thursday, while the Nasdaq gained about 1%. Renewed concerns over the European nations' support for Greece in its debt crisis were countered by reports showing a decline in weekly jobless claims and tepid inflation.

Asian shares ended mostly up, with Japan's Nikkei picking up 0.8%, while Hong Kong's Hang Seng added 0.2%. European stock indexes were higher in afternoon trading, with the FTSE 100 gaining about 0.7%, while Germany's Dax was higher by more than 0.2%.

Among stocks in the news are Google (GOOG), which is reportedly exiting the China market in April over a disagreement with the government involving censorship; Lloyds Banking Group (LYG), which said Friday it expects to return to profitability this year; and Viacom (VIA), whose battle with Google's YouTube unit turned public Thursday after a judge ordered the release of documents in a three-year-old legal battle alleging copyright infringement.

Symbol Lookup
IndexesChangePrice
DJIA+6.5112,890.46
NASDAQ+11.372,927.23
S&P 500+1.991,351.95

Last updated: February 09, 2012: 07:49 PM

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