MARKET PULSE-Facebook, Wells Fargo, Netflix, United Therapeutics

Wed Oct 24, 2012 7:39am EDT
 
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Oct 24 (Reuters) - Some U.S. stocks to watch on Wednesday:

(For more market insights, including options activity, click on STXNEWS/US; for the day ahead newsletter, link.reuters.com/mex49s)

FUTURES POINT TO BOUNCE ON CHINA DATA; EARNINGS EYED

Index futures edged higher, indicating indexes may bounce from declines a day earlier when the Dow suffered its biggest drop in four months, following data from China that eased concerns about sluggish global growth.

S&P 500 futures rose 4.2 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 17 points, and Nasdaq 100 futures added 2.5 points.

** FACEBOOK INC, Tuesday close $19.50, up 12.8 pct premarket   Continued...