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Market News


European Markets

European markets are called to open positive this morning.

Asian Markets

Asian stocks advanced, while Treasuries snapped three days of losses as investors weighed what Federal Reserve Chairman Ben S. Bernanke will do to support economic growth.

US Markets

U.S. stocks rose, extending the biggest rally for the Standard & Poor’s 500 Index in a week, after reports on durable-goods orders and home prices beat economists’ forecasts and banks advanced.

Nasdaq futures slid after Apple Inc. Chief Executive Officer Steve Jobs resigned.

Events this week

Thursday - The Labor Department’ weekly jobless claims figures will be out at 8:30 a.m. ET. Investors are looking for unemployment claims to fall 8,000 to 400,000 claims.

Friday - Federal Reserve Chairman Ben Bernanke will give his speech at the Kansas City Fed’ annual retreat at Jackson Hole, Wyo.

Also on Friday, the Commerce Department will release its second reading on second quarter GDP at 8:30 a.m. ET, followed by the University of Michigan’ consumer sentiment survey at 9:55 a.m. ET.

Economists expect the Commerce Department to revise second quarter GDP down to 1.1% from a previously-reported 1.3%. The University of Michigan sentiment survey is expected to rise slightly to a reading of 55.4 from the multi-year low of 54.9 reported two weeks ago.