Before the bell: Futures soar ahead of GDP; DAL, XOM, GM, ALU, MOT, UL ... - Melly Alazraki

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Before the bell: Futures soar ahead of GDP; DAL, XOM, GM, ALU, MOT, UL ...
Oct 30, 2008 01:15 PM UTC

Melly Alazraki

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Symbol	Sentiment	Start	Return	Closed
XOM	n/a
UL	n/a
NWA	n/a
DAL	n/a
ERTS	n/a
EK	n/a
JAVA	n/a
GM	n/a
MOT	n/a
CL	n/a
CBS	n/a
ALU	n/a
AAPL	n/a

Via BloggingStocks:

Filed under: Before the bell, Earnings reports, Deals, Apple Inc (AAPL), General Motors (GM), Motorola (MOT), Exxon Mobil (XOM), Market matters, CBS Corp 'B' (CBS), Colgate-Palmolive (CL), Sun Microsystems (JAVA), Eastman Kodak (EK), Alcatel-LucentADS (ALU), Electronic Arts (ERTS), Economic data, Unilever ADR (UL), Delta Air Lines (DAL)

U.S. stock futures were much higher this morning, indicating markets could open with strong gains a day after the Federal Reserve cut rates by half a point to 1% and indicated further measures will be taken as necessary. While Wall Street ended mixed, global markets took this, as well as other measures central banks around the world have been taking, as a good sign and stocks in Asia and Europe rallied. However, at 8:30 a.m. this morning, advanced GDP for the third quarter will be released, and will likely show the economy has contracted for the first time. Economists expect GDP fell 0.5-0.6% in the quarter. Weekly jobless claims is also due at the same time.

Exxon Mobil Corp. (NYSE: XOM) - sometime before the opening bell, Exxon is scheduled to report third-quarter earnings. Much like other oil producers that have already reported, posting huge profits for the quarter due to record high oil prices, so is Exxon expected to report sharply higher profit.

Delta Air Lines (NYSE: DAL) - after the merger was approved Wednesday, Delta completed its $2.8 billion acquisition of Northwest Airlines (NYSE: NWA) on Wednesday to become the world's biggest carrier. Shares of both carriers surged 6% in after-hours.

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Before the bell: Futures soar ahead of GDP; DAL, XOM, GM, ALU, MOT, UL ... originally appeared on BloggingStocks on Thu, 30 Oct 2008 08:15:00 EST. Please see our terms for use of feeds.

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