Oct 29, 2009 (SmarTrend(R) Market Commentary via COMTEX News Network) -- Last updated October 29, 2009: 7:45 AM ET --- U.S. stock futures are trading higher Thursday as investors await the release of the U.S. GDP data for third-quarter. The GDP data is due to be released at 8:30 AM ET. Other economic reports due out today include weekly initial jobless claims. In corporate news, Procter & Gamble (NYSE:PG) reported fiscal Q1 EPS of $1.06, topping consensus estimates of 99 cents. Revenues in the quarter fell 6% year-over-year to $19.8 billion, inline with consensus estimates. Other reports due out today include Exxon Mobil (NYSE:XOM), Colgate-Palmolive (NYSE:CL), Aetna (NYSE:AET), and Burger King Holdings (NYSE:BKC). Royal Dutch Shell (NYSE:RDS.A) reported a 62% drop in Q3 net income and said it doesn't expect a quick recovery. Eni (NYSE:E) said its Q3 net profit fell 58%. Deutsche Bank (NYSE:DB) said that sales and trading revenue hit a record for Q3. The Dow Jones Industrial Average futures are trading 31.00 points higher, the S&P500 futures are up 3.70 points, and the Nasdaq Composite futures are up 4.75 points.
Write to Chip Brian at cbrian@tradethetrend.com
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