Feb. 7 Premarket Briefing: 10 Things You Should Know (Update 1)
Here are 10 things you should know for Friday, Feb. 7:
1.-- U.S. stock futures were pointing to gain on Wall Street ahead of January nonfarm payrolls data.
European stocks were higher. Asian shares ended the session with gains. Japan's Nikkei 225 index surged 2.2%.
2.-- The economic calendar in the U.S. Friday includes the nonfarm payrolls report for January at 8:30 a.m. EST, and consumer credit for December at 3 p.m.
3.-- U.S. stocks on Thursday rose as jobless claims came in lower than expected, suggesting the labor situation was improving despite recent data weakness in other sectors. The S&P 500 closed up 1.24% to 1,773.43, while the Dow Jones Industrial Average gained 1.22% -- its first close up 1% this year -- to 15,628.46. The Nasdaq increased 1.14% to 4,057.12.
With the latest purchases, Cook told the newspaper that Apple has repurchased more than $40 billion of its shares over the past 12 months. According to Cook, that's a record for any company over a similar span.
Apple shares rose 1.7% to $521 in premarket trading on Friday.
IBM appointed Goldman Sachs to sound out possible buyers for the business, according to people familiar with the matter, the FT reported. IBM is not wedded to the idea of selling and could also seek a partner with which to create a joint venture for its semiconductor operations, the people said. A value for the business could not be learned, according to the FT .
IBM shares rose 0.5% in early trading.
The professional services Web site said revenue for the year is likely to total $2.05 billion, less than the $2.16 billion average analyst estimate, according to Thomson Reuters . First-quarter sales guidance for $455 million to $460 million was below consensus by as much as $10 million.
The stock fell 6.5% in premarket trading to $208.99.
7.-- News Corp