real-time news and commentary for investors
Tuesday, Oct 9
2012, 9:15 AM
Market preview: Futures are flat-to-higher after the IMF cuts its global outlook and ahead of...
Market preview: Futures are flat-to-higher after the IMF cuts its global outlook and ahead of the start of earnings season later with Alcoa, with the S&P benchmark almost unchanged. However, oil is +1.1% on increasing tension between Turkey and Syria. In corporate news, Spectrum Brands is +11.6% after agreeing to buy a Black & Decker unit for $1.4B, although Edwards Lifesciences is -17% and Owens Cornings is -7.2% following earnings warnings. Later: Employment Trends Index, IBD/TIPP Economic Optimism