{"id":1188,"date":"2010-10-20T08:24:00","date_gmt":"2010-10-20T08:24:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stock-futures-point-to-higher-opening-as-concerns-over-china-rate-hike-subside\/1179\/"},"modified":"2010-10-20T08:24:00","modified_gmt":"2010-10-20T08:24:00","slug":"stock-futures-point-to-higher-opening-as-concerns-over-china-rate-hike-subside","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-futures-point-to-higher-opening-as-concerns-over-china-rate-hike-subside\/1188\/","title":{"rendered":"Stock Futures Point to Higher Opening as Concerns over China Rate Hike Subside"},"content":{"rendered":"

Stock futures<\/a> are pointing to a higher opening for the U.S. equity market as concerns over the interest rate hike by China subside. Dow Jones<\/a> Industrial Average futures<\/a> climbed 26 points, S&P 500<\/a> futures climbed 4.6 points and the Nasdaq<\/a> 100 futures climbed 9.75 points.<\/p>\n

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Morgan Stanley (NYSE: MS<\/a>), one of the biggest Wall Street firms, reported its third-quarter financial results today. The bank reported a net loss of $91 million, compared with a profit of $498 million reported for the same period in 2009. The bank\u2019s third-quarter results were hurt by weaker trading revenues. Shares of Morgan Stanley were down 0.95% to $25.15 in pre-market trading<\/a> today.<\/p>\n

Altria Group Inc. (NYSE: MO<\/a>) also reported its third-quarter financial results today. The Richmond, Virginia-based company reported third-quarter profit of $1.13 billion, or $0.54 per share, compared with $882 million, or $0.42 per share reported in the third quarter of 2009. The company reported a 1.6% increase in third-quarter revenue to $6.4 billion. Analysts were expecting Altria to report earnings per share of $0.52 and revenue of $4.42 billion for the third quarter of 2010. Shares of Altria Inc. were up 0.61% to $24.90 in pre-market trading today.<\/p>\n

Shares of Yahoo! Inc. (NASDAQ: YHOO<\/a>) are up in pre-market trading after the company reported its third-quarter financial results after market close on Tuesday. The Sunnyvale, California-based company reported revenue of $1.60 billion for the third quarter of 2010, up 2% over the third quarter of 2009. The company reported third-quarter income from operations of $189 million.<\/p>\n

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