Stock Futures Rise as Jobless Claims Dip
Gold futures for April delivery were looking to open lower by 90 cents to $1,677.90 an ounce at the Comex division of the New York Mercantile Exchange, while futures for March crude oil contracts were looking higher by 26 cents to $96.88 a barrel.
The benchmark 10-year Treasury was falling 2/32, boosting the yield to 1.970%. The dollar was rising 0.24%, according to the U.S. dollar index.
In corporate news, Boeing (BA) said it would propose battery design changes to minimize fire hazards for its grounded 787 Dreamliner, according to a Wall Street Journal article. The company said it hopes its embattled plane would begin to fly as soon as March. Boeing shares added 0.08% in premarket trading.
Visa (V) reported first-quarter net income of $1.3 billion on revenue of $2.85 billion. The credit card company said all of its transactions totaled $14.2 billion, which was a 4% increase from last year. Shares slipped 1.3% in after hours trades on Wednesday.
Credit Suisse (CS) reported a profit of 397 million Swiss francs ($435 million) in the fourth quarter of 2012, which was up from a year-earlier loss of 637 million francs. Shares were rising 1% in the premarket session.
Yelp (YELP) posted a fourth-quarter loss of 8 cents a share on revenue of $41.2 million, but missed analysts expectations of a loss of 5 cents a share on $40.29 million in revenue. Shares fell 2.8% in the after hours session on Wednesday.
Electronics giant Sony (SNE) filed a loss for the October-December quarter of 10.7 billion yen ($115 million), which narrowed from the year-prior's loss of 158 billion yen. Depository receipts dropped 3% in premarket action.
Alcatel-Lucent (ALU) announced CEO Ben Verwaayen would be departing from his head position as of the French-U.S. telecommunications gear maker. Shares were rising more than 4% in premarket trades.
Media giant News Corp (NWSA) reported earnings for its fiscal second quarter of 44 cents a share on revenue of $9.43 billion. Wall Street expected a profit of 42 cents a share on revenue of $9.28 billion. Shares closed higher by 1.5% on Tuesday, and slumped 4.3% in after hours.
Sprint (S) shares were down 0.87% in premarket trades after the company reported a loss of 44 cents a share on revenue of $9.01 billion. Analysts were expecting 46 cents a share on $8.92 billion in revenue.
-- Written by Joe Deaux in New York.
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