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Current DateTime: 10:10:39 23 Nov 2009
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Current DateTime: 10:10:39 23 Nov 2009
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Futures Edge Higher, Earnings in Focus
Published: Monday, 19 Oct 2009 | 5:56 AM ET
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By: CNBC.com

Good news for a Monday morning: stock index futures are pointing to a modestly higher open this morning, rather than what happened exactly 22 years ago today - the infamous crash of 1987.  If the Dow were to fall a similar percentage as it did that day, we'd be looking at a 2200 point drop.

  • Dow 30: Extra-Hour Quotes
  • Pre-Markets/Futures Data
  • Earnings reports will play a key role this week in determining the market's direction following two consecutive weekly gains. Quarterly reports out this morning include: B&T [BBT  Loading...      ()   ]; Eaton [ETN  Loading...      ()   ]; Gannett [GCI  Loading...      ()   ]; Hasbro [HAS  Loading...      ()   ].

    After the bell reports include: Apple [AAPL  Loading...      ()   ]; Boston Scientific [BSX  Loading...      ()   ]; Texas Instruments [TXN  Loading...      ()   ].

    Obviously, the Apple report will get a great deal of attention after the bell, though the Texas Instruments report will also be watched closely for indications about the health of the semiconductor industry.

    On the economic calendar, Fed Chairman Ben Bernanke gives a speech on current economic conditions at 11 am New York time, while the National Association of Home Builders is out with its monthly sentiment index at 1 pm. Economists are looking for a slight increase to a reading of 20 for October, versus 19 in September.

    © 2009 CNBC.com
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    CNBC HIGHLIGHTS

    • The show attracts a big TV audience every year, but this year it may take on even more importance.
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    • The energy company Power Efficiency is building tools that regulate the power electric motors use.
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