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Reply #12: U.S. Stock-Index Futures Advance; Citigroup, Alcoa, GM Climb [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-08 07:14 AM
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12. U.S. Stock-Index Futures Advance; Citigroup, Alcoa, GM Climb
Nov. 4 (Bloomberg) -- U.S. stock-index futures advanced as MasterCard Inc. reported better-than-estimated earnings and lower money-market rates lifted financial companies.

MasterCard, the world's second-biggest credit-card company, rallied as much as 9.1 percent in after-hours trading as third- quarter profit exceeded projections on higher overseas revenue. Citigroup Inc., the second-biggest U.S. bank, increased 2.6 percent in Europe as interbank lending rates in Asia and Europe declined. Alcoa Inc. and General Motors Corp. climbed at least 3 percent before today's presidential elections.

Standard & Poor's 500 Index futures expiring in December added 2.1 percent to 989.80 as of 11:47 a.m. in London. Dow Jones Industrial Average futures rose 2 percent to 9,514 and Nasdaq-100 Index futures advanced 2.4 percent to 1,373.

http://www.bloomberg.com/apps/news?pid=20601103&sid=a6YT2y5VD9hw&refer=us
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