Stocks Rise on Mixed Financial Earnings; Goldman Beats

[Stocks-to-Watch]

Stocks rose in pre-market trading Wednesday, as Goldman Sachs (GS) and other financial companies reported earnings. European stocks were boosted by a report that the IMF is trying to increase the size of its bailout fund, but most European indexes were flat or nearly so in midday trading overseas. In addition, wholesale prices fell 0.1% in December, and industrial production data will come out at 9:15 a.m.

Dow futures rose 27 points to 12,447; S&P 500 futures rose 3.4 points to 1,292.7.

Goldman rose 1.3% in pre-market trading after beating earnings expectations. State Street (STT) fell 1.6% after posting somewhat weak fee revenues. Bank of New York Mellon (BK) fell 2% after releasing a disappointing earnings report.



Original Article Source by Barrons.com