Seeking Alpha

Stock futures move to flat after durable goods

  • Stock futures erase earlier losses after durable goods fell less than expected and weekly jobless claims rose; the S&P and Dow are now flat, and Nasdaq +0.1%.
  • European markets are broadly lower as Ukrainian tensions rise after armed protesters seized the parliament building in the pro-Russian region of Crimea; Asian shares closed mixed.
  • Janet Yellen will speak before the Senate Banking Committee at 10 a.m., in her second congressional testimony this month; with more data releases since her Feb. 11 appearance, markets will be listening for her views on the weather-effect now that the worst of the storms appears to have passed.
  • J.C. Penney +23% after posting a profit over the holidays and seeing continued sales improvement in the current quarter, Best Buy +8% after Q4 results beat lowered expectations, and Tesla +3% on news of its proposed battery "gigafactory."
  • Treasurys display modest gains, with the yield on the 10-year benchmark note off one basis point at 2.66%.
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