5 Things You Should Know Before the Stock Market Opens
By Joseph Woelfel - 04/27/12 - 6:21 AM EDT
NEW YORK (TheStreet
) -- U.S. stock futures were signaling a mixed open for Wall Street Friday ahead of first-quarter GDP figures and earnings from Ford
and Procter & Gamble
European shares were slightly higher despite a downgrade of Spain's credit rating
from Standard & Poor's.
In Asia, Japan's Nikkei 225 index finished down 0.4% to close at 9,520.89. The index got a brief lift after the Bank of Japan said it would expand its asset-buying program.
The economic calendar in the U.S. Friday includes the advance estimate of first-quarter gross domestic product at 8:30 a.m. EDT. Economists are calling for growth of 2.5%.
There's also the final University of Michigan read on consumer sentiment, which is seen remaining steady at 75.7. The data is due at 9:55 a.m.
is expected by analysts before the bell Friday to report first-quarter earnings of 35 cents a share on revenue of $31.5 billion.
, the online retailer, topped analysts' earnings estimates and said profit margins held steady.
in the first quarter were 1.45%, in line with the fourth quarter's 1.5%.
Amazon posted earnings of 28 cents a share as revenue rose 34% to $13.2 billion, thanks in part to strong Kindle Fire sales.
Analysts expected Amazon to report earnings of 7 cents a share on revenue of $12.9 billion.
Amazon provided second-quarter revenue guidance, with the midpoint slightly below Wall Street estimates.
posted record profit in the first quarter, fueled by a surge in Galaxy smartphones.
Samsung sold more smartphones in the first three months of the year than Apple
, The Associated Press
reported, and raked in more than 70% of its operating profit from its mobile businesses.
Net profit nearly doubled from a year earlier to a record 5.05 trillion won ($4.46 billion).
Investigations are deepening into the potential involvement of Goldman Sachs
employees in the Galleon Group
insider-trading ring, according to The Wall Street Journal
U.S. prosecutors and securities regulators are investigating whether a senior Goldman investment banker gave Galleon hedge-fund traders advance word of pending health care deals, according to people familiar with the matter, the newspaper said. The banker, whom the people identified as Matthew Korenberg, is a San Francisco-based managing director for Goldman, a senior post.
Federal prosecutors in Los Angeles are looking into whether Korenberg told Galleon founder Raj Rajaratnam of acquisitions of Advanced Medical Optics
in 2009 and 2007, respectively, Reuters
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
>To submit a news tip, send an email to: firstname.lastname@example.org
Latest news from section
Latest news from TheStreet