Friday, July 16, 2010

Market Notes - July 16, 2010

U.S. stock index futures moved into positive territory this morning, after finishing with little movement on Thursday.

Among companies who have reported earnings, General Electric, Bank of America, and Citigroup had better-than-expected earrings. Google reported a sharp rise in profits after yesterday’s close, but the company missed analysts’ estimates. In other news, Goldman Sachs will pay $550 million to settle charges levied by the SEC.

A report on consumer prices comes out at 8:30 am ET. Investors will also take in the University of Michigan’s survey on consumer sentiment, due out at 9:55 am ET.