US stock futures S&P 500 outlook jan 30 2012

US stock futures S&P 500 outlook jan 30 2012 : US equities finished in minor negative territory for Friday, with the release of the US advanced Q4 GDP reading undershooting the consensus by 0.2%, this weighed on US equity futures ahead of the opening bell. Price action was relatively subdued for the rest of the session, despite the improving prospect of reaching a deal on Greek PSI talks.

This left a pretty mixed picture for the week, with some relative under-performance in US corporate earnings on Friday, in particular Chevron (-2.5%) missed its headline earnings expectations. Finally the DJIA finished down 0.56% at 12663.11, the S&P 500 finished down 0.15% at 1316.49 and the Nasdaq 100 finished up 0.29% at 2461.67.

Top performing sectors in S&P 500:
Financials (+0.36%), Basic Materials (+0.36%), Technology (+0.16%)

Worst performing sectors in S&P 500:
Utilities (-1.27%), Consumer Goods (-0.88%), Telecommunications (-0.51%)

Exxon Mobil – Co. announced a major restructuring of its Japan operations on Sunday, with a plan to sell its local subsidiary in a USD 3.91bln deal that involves giving up its majority stake in Japan's second-largest refiner, TonenGeneral Sekiyu. (WSJ)

Walmart - Co. is considering mergers and acquisitions across Europe, with particular interest in Carrefour following Carrefour reporting a string of profit warnings. (Independent)

Facebook Inc. – Co. could file papers for its IPO as early as this coming week, people familiar with the matter said. The deal could raise as much as USD 10bln and value the social network between USD 75bln and USD 100bln. A valuation of USD 75bln would be below earlier expectations. (source WSJ) For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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