MARKET PULSE- IBM, SuperValu, Goldman Sachs, Verizon, gold stocks
U.S. stock index futures were mixed on Thursday as investors digested a deal in Washington to reopen the federal government and raise the debt ceiling in order to avoid a debt default.
S&P 500 futures fell 1.7 points and were slightly below 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 lost 42 points while Nasdaq 100 futures added 1 points.
** IBM, Wednesday close $186.73, down 6 pct premarket
The company reported a 4 percent fall in third-quarter revenue, worse than expected by Wall Street, amid a decline in hardware and emerging markets even as it beat earnings estimates. [ID: nL1N0I620T]
** SELECT COMFORT CORP, Wednesday close $24.20, down 26 pct premarket
The specialty mattress maker reported third-quarter results well below analysts' estimates due to higher costs and sagging demand for its mattresses. Continued...