Stocks: 5 things to know before the open

Written By limadu on Selasa, 28 Oktober 2014 | 05.32

S&P futures 2014 10 28 Click chart for in-depth premarket data.

LONDON (CNNMoney)

Here are the five things you need to know before the opening bell rings in New York:

1. Twitter trouble: Shares in Twitter (TWTR, Tech30) are taking a nose-dive -- down by about 11% premarket -- after the company forecast its revenue in the final quarter of the year could come in below market expectations. Meanwhile, results from the latest quarter were in-line with expectations, and Twitter's user base continues to expand, but at a modest pace.

2. More earnings: Investors will have plenty of quarterly reports to digest Tuesday morning from companies including Pfizer (PFE), DuPont (DD), 1-800-Flowers (FLWS) and Coach (COH).

Facebook (FB, Tech30), Electronic Arts (EA, Tech30) and Marriott (MAR) are among the firms reporting after the close.

Related: Fear & Greed Index

3. Market moves: U.S. stock futures are perky as investors wait for the latest Federal Reserve meeting to get underway Tuesday.

On Wednesday, the Fed is widely expected to announce the conclusion of its massive stimulus program. Known as quantitative easing, the program is credited for driving investors back into stocks in the aftermath of the financial crisis.

The CNNMoney Fear & Greed index shows investors still feel very fearful, but fear levels aren't quite as extreme as they were earlier in October when markets were highly volatile.

U.S. stocks closed mixed Monday. The Dow Jones industrial average finished 12 points higher, the S&P 500 was down 0.2%, and the Nasdaq barely budged.

Related: U.S. is 65th in world on gender pay gap

4. International markets overview: European markets are all rising in early trading. The Dax in Germany has been a stand-out performer after posting a 1.3% jump.

However, shares in two major U.K. banks are extremely weak. Standard Chartered (SCBFF) shares are falling by about 8% after the bank posted earnings that disappointed investors. Lloyds Banking Group (LYG) stock was off by about 2.5% after confirming that it was cutting 9,000 jobs.

Shares in BP (BP) were relatively flat after the oil giant reported third quarter earnings.

Asian stock markets ended with mixed results. The main indexes in China both jumped by about 2%, but markets in India were weak.

5. Economics: The S&P/Case-Shiller home price index will come out at 9 a.m. ET. The Conference Board will publish its monthly consumer confidence report at 10 a.m. ET.

First Published: October 28, 2014: 5:53 AM ET


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