Traders can look forward to playing Visa Inc. (V) and Zynga Inc.’s (ZNGA) earnings after the close. The earnings scheduled for tomorrow morning before the open include: Exxon Mobil Corp. XOM, 3M Company (MMM), Kimberly-Clark Coproration (KMB), Panasonic Corp (PC), Royal Dutch Shell (RDS), Siemens AG (SI), and Sprint Nextel (S).
I will keep my eyes out for and unexpected earnings results overnight along with tomorrow morning’s employment and durable goods numbers. The markets seemed to be teetering today. Maybe these releases with tilt the scale either way, in my opinion I think the
Grains gave back some of the previous week’s losses with corn futures gaining 3.4 cents, soybeans up a massive 44.80 cents and wheat gaining 25 cents.
Crude futures remained about flat on the day by trading up 32 cents to $88.82, even considering a release of a 2.717 million barrel increase in U.S. crude inventories. Gold futures gained $28.70 to $1604.90, rising above the significant $1600 level. EUR/USD futures not far behind gold’s gain, rising 87 pipps to $1.2158.
WellPoint Inc. (WLP) fell over 12% after releasing an 8% drop in earnings.
David Cornes holds a degree in economics from the University of Montana.