Thursday September 29 3:05 AM: (Reuters) stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.9 to 1.2 percent.
* The final (third) Q2 estimate for
gross domestic product (GDP) will be released at 1230 GMT. Economists forecast
a 1.2 percent annualized pace of growth, compared with a 1.0 percent rate in
the preliminary (second) estimate.
* First-time claims for jobless
benefits for the week ended September 24 are due at 1230 GMT. Economists
predict a total of 420,000 new filings, compared with 423,000 in the prior
week.
* At 1400 GMT, National Association
of Realtors issues Pending Home Sales for August. Economists expect a 1.8
percent drop, compared with a 1.3 percent drop in the previous month.
* The Labor Department issues at
1230 GMT preliminary annual benchmark revision to U.S. nonfarm payrolls for the
five years ended March 2011.
* At 1230 GMT, the Commerce
Department issues revised Q2 Corporate Profits. In the preliminary Q2 report,
profits rose 4.1 percent.
* Hewlett-Packard Co has hired
Goldman Sachs Group Inc to help the company defend itself against possible
activist investors who could push for change, the Wall Street Journal reported.
* Asian technology companies came
under pressure on Thursday to slash prices of their tablet computers after
Amazon.com launched its Kindle Fire at a mass market-friendly $199.
* Workers represented by the United
Auto Workers union approved on Wednesday a four-year labor contract with
General Motors , the first such deal for the top U.S. automaker since its 2009
bankruptcy.
* The FTSEurofirst 300
<.FTEU3> index of top European shares was up 0.2 percent in choppy trade,
after opening lower, ahead of a German vote to ratify new powers on the euro
zone rescue fund.
* International auditors return to
Athens on Thursday to deliver a verdict on whether Greece's tougher austerity
measures qualify for aid to avert a default that would plunge the country into
bankruptcy.
* Japan's Nikkei average
<.N225> reversed losses to retake the 8,700 level for the first time in
over a week, on a rush of buying in the final half-hour of trade as some
commodities and U.S. stock futures recovered.
* Commodity-related stocks drove
Wall Street lower on Wednesday as stiff declines in energy and metals prices
underscored investor concerns about global economic weakness and Europe's debt
crisis.
* The Dow Jones industrial average
<.DJI> dropped 179.79 points, or 1.61 percent, to 11,010.90. The Standard
& Poor's 500 Index <.SPX> dropped 24.32 points, or 2.07 percent, to
1,151.06. The Nasdaq Composite Index <.IXIC> dropped 55.25 points, or
2.17 percent, to 2,491.58.
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