MARKET PULSE-Bank of America, GM, Chelsea, ExOne, Tesla, Datalink
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were slightly higher on Wednesday, indicating the S&P 500 will build on its biggest gain in nearly a month, after earnings from Bank of America and ahead of data on inflation and manufacturing. Dow Jones industrial average futures were up 0.21 percent at 16,334, S&P 500 futures were up 0.21 percent at 1,836.7 and Nasdaq 100 futures were up 0.43 percent at 3,589.
** BANK OF AMERICA CORP, Tuesday close $16.77, +2.77 pct premarket
The second-largest U.S. bank reported a stronger-than-expected quarterly profit, driven by a steep fall in mortgage losses and provisions to cover bad loans.
** GENERAL MOTORS CO, Tuesday close $40.02, -1.30 pct premarket
The No. 1 U.S. automaker's new executive team expects a slight uptick in pretax profits this year, but said margins likely will remain flat until 2015. A new management team led by Chief Executive Mary Barra and President Dan Ammann took the reins Wednesday, issuing a cautious outlook for the year ahead at a Deutsche Bank auto analyst conference.
The company said on Tuesday it would pay the first quarterly dividend on its common stock in almost six years, marking another step in its recovery from the bankruptcy in 2009.
** CHELSEA THERAPEUTICS INTERNATIONAL LTD, Tuesday close $2.3, +160.43 pct premarket Continued...