Stocks: Markets poised for firm open

Written By limadu on Selasa, 19 Februari 2013 | 17.42

U.S. stocks finished up slightly on Friday.

NEW YORK (CNNMoney)

Firms including Wolverine (WWW) and Spirit Airlines (SAVE) are scheduled to report quarterly earnings before the opening bell, while Dell (DELL, Fortune 500) and controversial supplements maker Herbalife (HLF) are up in the afternoon.

U.S. stock futures indicated that stocks would rise after the opening bell but investors may be cautious ahead of fresh data on housing and manufacturing due later this week, which will provide clues on how the economy is holding up.

Fear & Greed Index still showing extreme greed

U.S. stocks finished slightly higher on Friday. Markets were closed Monday for the Presidents Day holiday.

The Dow finished Friday 1.3% shy of its all-time high, hit in October 2007, while the S&P 500 was about 4% below its record high, also set in October 2007. All three indexes are up between 5% and 7% for the year.

European markets were firmer in morning trading, lifted by a stronger-than-expected reading from the latest ZEW survey of German investor sentiment. The euro gained against the dollar.

Asian markets closed lower. The Shanghai Composite lost 1.6%, the Hang Seng declined 1% and the Nikkei dropped 0.3%. To top of page

First Published: February 19, 2013: 5:33 AM ET


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