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Japanese Nail
Stocks: Goldman, Greece, IMF in focus (KSAT)
U.S. stocks were headed for a modestly higher open Wednesday, following
reports that the International Monetary Fund may boost its bailout fund to
contain Europe's debt crisis.
S&P 500, Dow Jones industrial average and Nasdaq futures were roughly 0.3%
higher. Stock futures indicate the possible direction of the markets when they
open at 9:30 a.m. ET.
Early Wednesday, published reports indicated that the IMF was considering
expanding its lending capacity by an additional $500 billion, on top of its
current $385 billion.
The euro rose to $1.28 against the dollar following the reports.
"It's another step forward that credible safeguards are being established
around Europe," said Jim Russell, regional investment director at U.S. Bank
Private Client group. "We do think stocks will respond positively today."
Investors also had the latest bank earnings report to mull over ahead of the
opening bell. Goldman Sachs reported fourth-quarter earnings that beat
forecasts, but missed on revenue. Goldman Sachs shares rose 1.5% in premarket
trading.
On Tuesday, Citigroup missed earnings estimates, while results from Wells
Fargo were in line with expectations. Bank of America and Morgan Stanley are
scheduled to release their results on Thursday.
"This is a big week for the financials," Russell ...
Basic Japan Nail Art Lesson Part 1