বৃহস্পতিবার, ৩ নভেম্বর, ২০১১

Stock futures edge up, a day after deep sell-off

In this Nov. 1, 2011 photo, traders work on the floor of the New York Stock Exchange. World markets were plagued by uncertainty Wednesday, Nov. 2, over whether the Greek prime minister's decision to take the bailout plan to a referendum was a miscalculation and escalating concerns that contagion will reach politically vulnerable Italy. (AP Photo/Richard Drew)

In this Nov. 1, 2011 photo, traders work on the floor of the New York Stock Exchange. World markets were plagued by uncertainty Wednesday, Nov. 2, over whether the Greek prime minister's decision to take the bailout plan to a referendum was a miscalculation and escalating concerns that contagion will reach politically vulnerable Italy. (AP Photo/Richard Drew)

(AP) ? U.S. stock futures are edging up Wednesday, a day after renewed worries over Europe's debt crisis roiled markets around the world.

Stock futures inched higher following a report from Automatic Data Processing that company payrolls rose by 110,000 in October. Most of the gains came from the service industry. ADP also revised higher its survey results for September.

The Federal Reserve ends a two-day policy meeting later Wednesday and will release new economic forecasts. Most economists believe the Fed won't announce any new policy changes. But investors will be keeping an eye on Fed Chairman Ben Bernanke's afternoon news conference.

An hour before the opening bell Wednesday, Dow Jones industrial average futures are up 47 points, or 0.4 percent, at 11,729. S&P 500 index futures are up 6 points, or 0.5 percent, at 1,230. Nasdaq 100 futures are up 9, or 0.4 percent, at 2,313.

Markets were jolted Tuesday, and the S&P 500 dropped nearly 3 percent, following a call by Greece's prime minister to put Europe's rescue plan for the country to a national vote. The prime minister will face a confidence vote in Greek parliament on Friday. If parliament fails to support him, the referendum would be off.

In premarket trading Wednesday, MasterCard jumped 6 percent after reporting that quarterly earnings soared 38 percent, beating analysts' expectations.

Time Warner Inc. and Comcast Corp. shares are rising after posting higher quarterly earnings. Time Warner's earnings climbed 57 percent, helped by ticket sales for the movie, "Harry Potter and the Deathly Hallows: Part 2." The company's stock is up nearly 1 percent.

Comcast rose 1.6 percent, after the country's largest cable company said profit edged up 5 percent as more customers signed up for Internet service.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-11-02-Wall-Street/id-ae9cb33d7fa0423893f2fc2f185c6d09

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