MARKET PULSE- Goldman Sachs, IBM, Peabody, Verizon, SuperValu
U.S. stock index futures fell Thursday as investors digested a deal agreed by lawmakers in Washington a day earlier to reopen the federal government and raise the debt ceiling in order to avoid a debt default.
S&P 500 futures fell 2 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 54 points while Nasdaq 100 futures added 1.5 points.
** GOLDMAN SACHS GROUP INC, Wednesday close $162.25, down 2.4 pct premarket
The bank's third-quarter profit fell 2 percent as weak bond-trading volumes hit revenue in its biggest business. Revenue from Goldman's fixed income, currency and commodities business, which undertakes trading for clients, fell 44 percent to $1.25 billion in the quarter ended Sept. 30.
** IBM, Wednesday close $186.73, down 8 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]
** VERIZON COMMUNICATIONS INC, Wednesday close $47.25, up 2.4 pct premarket Continued...