Entrepreneur.com: Futures Point Toward a Higher Open

Sign In \| Create Profile Starting a Business Grow Your Biz Money How-To Guides Financing Financial Fitness Tax Center Money Management Personal Finance Payments & Collections Financial Calculators View All Marketing Sales Advertising Franchises Biz Opportunities Home Based Biz Online Business Management Human Resources Technology Work Life Magazine Mobile Edition Entrepreneur Assist More Resources Business Calculators College Search Franchise Your Biz Business Blog Columnists Business Forms Resource Centers Startup Books Special Offers Free Trade Magazines Classifieds Trade Journals Encyclopedia Slideshows Get the Magazine	Home > TheStreet.com > Futures Point Toward a Higher Open
	Futures Point Toward a Higher Open Wall Street awaits a statement from the Fed's policy-making arm. By Sung Moss November 04, 2009 provided by NEW YORK (TheStreet) -- Futures pointed toward a higher open for stocks on Wednesday, as Wall Street awaits a statement from the Fed's policy-making arm in the afternoon. Futures for the S&P 500 gained 6.8 points to 1048.5 and were 6.29 points above fair value, and futures for the Nasdaq rose 4.75 points to 1680.25 and were 2.50 points above fair value. The moves come a day after the major U.S. indices closed in mixed territory. Content Continues Below Overseas, the FTSE in London gained 0.8%, while the DAX in Frankfurt added 1.5%. In Asia, Hong Kong's Hang Seng tracked higher by 1.8%, as Japan's Nikkei grew by 0.4%. At 2:15 p.m. EST, all eyes will be on an announcement from central bankers at the conclusion of a two-day meeting of the Federal Open Market Committee. Many expect no changes to the Fed's key rate, which is forecast to remain near zero. Still, the wording of the statement will be parsed apart, looking for thoughts about the economic healing, clues about withdrawal plans for recovery measures, and any details on a future rate hike. Private-sector employment data from ADP is due out at 8:15 a.m. Further evidence about the vitality of the service sector will be released at 10:00 a.m., while last week's crude and fuel inventory figures from the Energy Information Administration will be out at 10:30 a.m. In earnings news, Becton Dickinson (BDX) announced earnings in line with forecasts at $1.25 a share on Wednesday morning, while Time Warner (TWX)topped the consensus with profit landing at 65 cents a share in the most recently completed quarter. Dow component Cisco Systems (CSCO) will report earnings totals after the market close. The front-month contract for benchmark crude topped $80 again this morning, rising 46 cents to $80.06. Gold rose $6.70 to a record $1,091.60 an ounce. --Written by Sung Moss in New York Follow TheStreet.com on Twitter and become a fan on Facebook. © 1996 - 2009 TheStreet.com, Inc. All rights reserved. Most Read Articles from TheStreet.com Black Friday's 10 Top Tech Deals A review of black Friday deals from Apple, Hewlett-Packard, Garmin, Palm and others. Motorola Droid Price Cut Motorola's Droid lands at Verizon, discounts follow days later. Dividend Stocks for the Week These companies, including Nike and Campbell Soup, recently boosted their dividend payouts. Print Get the Mag Weekly Updates Marketplace Learn how to distribute a press release Get the Now widget Try our new online printing. theupsstore.com/print