US STOCKS-Futures little changed after selloff; Ebola stocks jump
13/10/2014 13:40
* Ebola plays jump after 1st person contracts disease in
U.S.
* Futures: Dow up 30 pts, S&P up 5.5 pts, Nasdaq up 1 pt
(Updates prices, adds premarket actives)
By Chuck Mikolajczak
NEW YORK, Oct 13 (Reuters) - U.S. stock index futures were
little changed on Monday after the S&P 500 suffered its worst
weekly drop since May 2012 and the Dow moved into negative
territory for the year on global growth concerns.
The benchmark S&P index slumped 3.1 percent last week to sit
right at the 200-day moving average support level and is now
down 5.2 percent from its record high set on Sept. 18. The
declines were sparked by a cut in the global growth forecast by
the International Monetary Fund and disappointing economic data
in Europe.
A serious slowdown in the global economy could lead the U.S.
Federal Reserve to delay an increase in interest rates if deemed
serious enough, Fed officials said over the weekend.
ID:nL2N0S60ZK
Earnings season will pick up this week, with results
expected from Dow components Intel INTC.O , Johnson & Johnson
JNJ.N , UnitedHealth UNH.N , American Express AXP.N and
General Electric GE.N as well as financials Morgan Stanley
MS.N , Citigroup C.N , Bank of America BAC.N and Wells Fargo
WFC.N .
Ebola-related stocks were among the most active in premarket
trade after a Texas health worker became the first person in the
United States to contract the virus. She had treated a Liberian
who died of the disease in Dallas last week, raising concern
about how U.S. medical guidelines were breached. ID:nL6N0S70LK
Lakeland Industries LAKE.O , a maker of garments to guard
against hazardous materials, jumped 20.2 percent to $23.59
before the opening bell after soaring more than 125 percent last
week. Alpha Pro Tech APT.A , a maker of face masks, was up 16.3
percent to $8.64 premarket on the heels of rocketing 129 percent
last week.
Smaller biotech names also were also up sharply after the
second Ebola diagnosis, with iBio IBIO.A up 86.4 percent to
$2.74 after a leap of more than 83 percent on Friday.
U.S.-listed shares of Tekmira Pharmaceuticals TKMR.O were up
3.8 percent to $23.66.
Futures snapshot at 8:22 a.m. EDT (1222 GMT):
* S&P 500 e-minis ESc1 rose 5.5 points, or 0.29 percent,
with 397,003 contracts changing hands.
* Nasdaq 100 e-minis NQc1 added 1 point, or 0.03 percent,
in volume of 54,063 contracts.
* Dow e-minis 1YMc1 were up 30 points, or 0.18 percent,
with 50,801 contracts changing hands.
(Reporting by Chuck Mikolajczak; Editing by Lisa Von Ahn and
Jeffrey Benkoe)
((charles.mikolajczak@thomsonreuters.com; @ChuckMik; +1 646 223
5234; Reuters Messaging:
charles.mikolajczak.thomsonreuters.com@reuters.net))
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U.S. Equities speed guide........................ US/EQUITY
S&P 500 index ........................................ .SPX
Dow Jones industrial average.......................... .DJI
Nasdaq Composite index............................... .IXIC
Nasdaq 100............................................ .NDX
Thomson Reuters US Index ....................... .TRXFLDUSP
Russell 2000 small cap................................ .RUT
S&P major sectors.............................. 0#.GSPMAJOR
NYSE most active..................................... .AV.N
Nasdaq most active................................... .AV.O
Top NYSE pct gainers................................. .PG.N
Top NYSE pct losers.................................. .PL.N
Top Nasdaq pct gainers............................... .PG.O
Top Nasdaq pct losers................................ .PL.O
52 week highs:
NYSE............... t.YH.N Nasdaq.............. t.YH.O
52 week lows:
NYSE............... t.YL.N Nasdaq.............. t.YL.O
Main global stock indexes and market reports:
FTSE Eurotop 300 ..... .FTEU3 European report ....... .EU
Nikkei 225............. .N225 Tokyo report............ .T
FTSE 100............... .FTSE London report........... .L
Xetra DAX............. .GDAXI Frankfurt market stories .F
CAC-40................. .FCHI Paris market stories... .PA
World Indices..................................... 0#.INDEX
Reuters survey of world bourse outlook......... EQUITYPOLL1
U.S. IPO diary........................................ IPO/
U.S. Asset Allocation Table....................... US/ASSET
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Equities ............ E US company news......... TOP/EQU
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Oil.................................................... O/R
US Treasuries......................................... US/N
International bonds................................... EUB/
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Keywords: MARKETS STOCKS/USA