{"id":1481,"date":"2010-11-02T08:20:00","date_gmt":"2010-11-02T08:20:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stock-futures-trade-higher-ahead-of-fed-meeting\/1473\/"},"modified":"2010-11-02T08:20:00","modified_gmt":"2010-11-02T08:20:00","slug":"stock-futures-trade-higher-ahead-of-fed-meeting","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-futures-trade-higher-ahead-of-fed-meeting\/1481\/","title":{"rendered":"Stock Futures Trade Higher ahead of Fed Meeting"},"content":{"rendered":"

The U.S. equity market is expected to open higher, with stock futures trading up. The Dow Jones<\/a> Industrial Average futures are up 51 points, the S&P 500<\/a> futures are up 6.4 points and the Nasdaq 100 futures are up 9.75 points.<\/p>\n

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Pfizer Inc. (NYSE: PFE<\/a>) today reported its third-quarter financial results. The company reported a 70% drop in third-quarter profit. However, the company\u2019s adjusted profit climbed, beating analysts estimate. Pfizer reported third-quarter profit of $866 million, or $0.11 per share, down from $2.88 billion, or $0.43 per share reported in the same period of 2009. Excluding one-time items, the company reported profit of $0.54 per share, up from $0.51 per share reported in the third quarter of 2009. The company\u2019s revenue increased 39% to $16.17 billion in the third quarter of 2010. Analysts were expecting the company to report earnings of $0.51 per share on revenue of $16.68 billion. Shares of Pfizer Inc. are down 0.68% to $17.50 in pre-market trading<\/a>.<\/p>\n

BP (ADR) (NYSE: BP<\/a>) also reported its third-quarter financial results today. The company reported a 67% drop in profit in the third quarter of 2010. The company\u2019s profit for the third quarter of 2010 came in at $1.79 billion. The company\u2019s profit was hit by a $7.7 billion charge related to the costs the company incurred in the cleaning up the oil spill in the Gulf of Mexico. The company\u2019s revenue increased 10% to $74.7 billion. BP\u2019s ADRs are up 1.13% to $41.23 in pre-market trading.<\/p>\n

Related posts:<\/p>\n

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  1. Market has a Mixed Opening<\/a><\/li>\n
  2. Markets End Lower<\/a><\/li>\n
  3. Most Active Stocks for June 14 are C, BAC, BP, GE, INTC, F, CSCO, LVS, PFE, MSFT<\/a><\/li>\n
  4. Most Active Stocks for June 11 are C, BP, BAC, PFE, GE, MSFT, CSCO, S, F, INTC<\/a><\/li>\n
  5. Most Active Stocks for May 4 are C, BAC, F, PFE, GE, INTC, MSFT, BP, AA, WFC<\/a><\/li>\n<\/ol>\n
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