MARKET PULSE-Dow Chemical, JPMorgan, Silicon Graphics, Vivus, Solarcity

Fri Oct 11, 2013 8:34am EDT
 
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(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 little changed on Friday, in the wake of the biggest rally since the first trading day of the year, as talks continued in Washington to end a fiscal stalemate that has shut down the government for days. S&P 500 futures were up 0.06 percent, Dow Jones industrial average futures were up 0.07 percent and Nasdaq 100 futures were up 0.06 percent.

** JPMORGAN CHASE & CO, Thursday close $52.52, up 3 pct premarket

The biggest U.S. bank by assets posted a profit of $5.82 billion, or $1.42 per share, excluding litigation expense and reserve release. Analysts on average had expected earnings of $1.20 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the results and estimates were comparable.

** WELLS FARGO & CO, Thursday close $41.44, up 1.5 pct premarket

The biggest U.S. mortgage lender reported a 13 percent rise in third-quarter profit after reducing the amount it had previously set aside for bad loans.

** DOW CHEMICAL CO Thursday close $40.40, down 6 pct premarket   Continued...