Stock Futures Point Higher as Senators Try to Soothe Markets
NEW YORK ( TheStreet) -- Stock futures were drifting higher Wednesday as Senate Majority Leader Harry Reid tried to assure the markets that he and Senate Minority Leader Mitch McConnell were moving toward a deal to end the partial government shutdown that has now entered its 16th day and prevent a U.S. debt default ahead of a Thursday deadline.
Futures for the S&P 500 were rising 7.25 points, or 7.09 points above fair value, to 1,699.25.
Futures for the Dow Jones Industrial Average were gaining 62 points, or 61.99 points above fair value, to 15,157. Futures for the Nasdaq were adding on 3.5 points, or 7.49 points above fair value, to 3,244.25.
On a net basis, Yahoo! earned $297 million, or 28 cents a share, in the third quarter, a 91% drop from nearly $3.2 billion, or $2.64 a share, a year earlier, a period which included a $2.8 billion windfall from Yahoo!'s sale of nearly half its Alibaba stake.
Apple told its Taiwanese assemblers Pegatron and Hon Hai Precision Industry that shipments of the iPhone 5c in the fourth quarter would be cut, the people told the Journal.
Bank of America
Twitter said in a filing Tuesday that it will list its shares on the New York Stock Exchange , as the micro-blogging site moves toward an initial public offering of its shares. The move means NYSE will win the most highly anticipated technology sector IPO since Facebook's FB May 2012 listing on the Nasdaq. TheStreet first reported Twitter's plans to list with the NYSE in late September.