New York, October 12 (FinanceEnquiry.com) – With futures for the S&P 500 high by 0.2 percent and contracts on the Dow Jones and the NASDAQ 100 high by 0.1 percent early morning, a partly higher open on Wall Street on October 12 was signaled by the stock index futures.
On apprehensions that present quarterly earnings season might be fragile given slow worldwide growth, today, shares of Europe skidded and Nikkei share average of Japan slumped to a new two-month low. In addition to this, by posting the results of third quarter in the sunup, the US bank earnings season was started by JPMorgan Chase & Co (NYSE: JPM) and Wells Fargo.In the morning only, the producer price index for the month of September was released by the Labor Department.
After arriving at a four-month high of 78.3 in the last month, initial reading of the Thomson Reuters/University of Michigan Surveys of Consumers for customer response is anticipated to plunge slightly to 78 in early October. On October 11, by 18.58 points, or 0.14 percent, the Dow Jones industrial average skidded to13,326.39. Moreover, by 0.28 point, or 0.02 percent, the S&P 500 edged higher to 1,432.84. However, by 2.37 points, or 0.08 percent, the NASDAQ Composite plunged to 3,049.41. Falling by 2 percent to $628.10, Apple Inc (NASDAQ: AAPL) mulled over the market.
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