The Joplin Globe, Joplin, MO

Business

January 21, 2014

Stock futures move higher before opening bell

NEW YORK — U.S. stock futures rose Tuesday as investors assessed the latest round of company earnings. Delta Air Lines climbed in premarket trading after its earnings beat analysts’ forecasts.

KEEPING SCORE: Dow Jones industrial average futures were up 78 points to 16,475 about 30 minutes before the opening bell. Standard & Poor’s 500 index futures were up eight points to 1,842, and the Nasdaq futures gained 20 points to 3,605.

MILE HIGH: Delta gained 3.2 percent before the opening bell after reporting a better-than-expected fourth-quarter profit as fares and traffic rose. The airline’s president said that demand was strong and forecast that profit margins would increase in the current quarter.

TELECOMMUNICATIONS: Verizon climbed 0.5 percent after it reported fourth-quarter earnings of $5.1 billion, more than analysts forecast. The company lost $4.2 billion in the same period a year earlier.

TREASURIES AND COMMODITIES: The yield on the 10-year Treasury note rose to 2.84 percent from 2.82 percent on Friday. The price of oil edged up 33 cents, or 0.3 percent, to $94.87 a barrel. Gold fell $13.30, or 1.1 percent, to $1,238 an ounce.

 

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