{"id":7416,"date":"2021-02-10T12:55:17","date_gmt":"2021-02-10T12:55:17","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/10\/wall-street-likely-to-open-on-positive-note\/"},"modified":"2021-02-10T12:55:17","modified_gmt":"2021-02-10T12:55:17","slug":"wall-street-likely-to-open-on-positive-note","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/10\/wall-street-likely-to-open-on-positive-note\/","title":{"rendered":"Wall Street Likely To Open On Positive Note"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Futures point to a positive start on Wall Street Wednesday morning. Quarterly earnings announcements and data on consumer price inflation are likely to set the trend for the market.<\/p>\n<p>Data on consumer prices for the month of January is due out at 8:30 AM ET. According to forecasts, prices may have increased by 0.3 percent on month. <\/p>\n<p>Investors will also be eyeing Fed chairman Jerome Powell&#8217;s speech Economic Club of New York about the state of the U.S. <span class=\"landLinks\">economy<\/span>, due later in the day.<\/p>\n<p>Updates on stimulus plan, <span class=\"landLinks\">coronavirus<\/span> vaccination and Donald Trump impeachment are the other factors that could set the trend for the market.<\/p>\n<p>On the earnings front, The Coca-Cola Company (KO) announced that its bottomline totaled $1.46 billion, or $0.34 per share in the fourth quarter, compared with $2.04 billion, or $0.47 per share, a year ago. Excluding items, company reported adjusted earnings of $2.02 billion or $0.47 per share for the period.<\/p>\n<p>General Motors (GM) reported earnings of $2.80 billion for the fourth quarter, compared to a loss of $0.23 billion in the year-ago quarter. Earnings per share came in at $1.93 in the fourth quarter, as against a loss of $0.16 a year ago.<\/p>\n<p>U.S. stocks ended mixed on Tuesday after a lackluster session as traders appeared a bit reluctant to make significant moves after recent strong upmove that saw the major averages climbing to record highs.<\/p>\n<p>The Dow edged down 9.93 points or less than a tenth of a percent to 31,375.83 and the S&amp;P 500 slipped 4.36 points or 0.1 percent to 3,911.23, while the Nasdaq crept up 20.06 points or 0.1 percent to 14,007.70.<\/p>\n<p>In overseas trading, Asian stocks ended higher on Wednesday as optimism about more fiscal stimulus and falling coronavirus infections rates helped to underpin investor sentiment to some extent.<\/p>\n<p>European stocks are turning in a mixed performance amid lackluster moves by investors who are tracking a earnings announcements from several top name companies, including Societe Generale and Thyssenkrupp. <\/p>\n<\/p>\n<p>Business News<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Wall Street Likely To Open On Positive Note<\/a><br \/>\n<br \/>2021-02-10 12:55:17<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Futures point to a positive start on Wall Street Wednesday morning. Quarterly earnings announcements and data on consumer price inflation are likely to set the trend for the market. Data&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-7416","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=7416"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7417"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}