MARKET PULSE-BlackBerry, Walgreen, Red Hat, Carnival Corp, Navistar

Fri Dec 20, 2013 8:47am EST
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures edged higher on Friday, after data showed the U.S. economy grew at its fastest pace in almost two years in the third quarter. S&P 500 futures rose 2.9 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 5 points and Nasdaq 100 futures rose 18 points.

** BLACKBERRY LTD, Thursday close $6.25, +2.72 pct premarket

The smartphone maker said it had agreed to a five-year partnership with Foxconn Technology Co Ltd to develop and manufacture a handset for Indonesia as well as other fast-growing markets.

** WALGREEN CO, Thursday close $56.94, -2.09 pct premarket

The largest U.S. drugstore operator reported higher first-quarter sales but said an increase in promotions and a slowdown in the introduction of higher-profit generic drugs cut into the gross profit margin.

** CARNIVAL CORP, Thursday close $38.05, +3.52 pct premarket   Continued...