U.S. stock futures held to a tight range Friday ahead of the key monthly payrolls report as traders look for confirmation of the grim economic data that’s been released this week.
Futures on the Dow Jones Industrial Average rose 4 points. S&P 500 futures rose nine-tenths of a point to 1022.70 and Nasdaq 100 futures added 3.75 points to 1731.70.
Bank of America refinance mortgage rates have been very low for quite some time and that is not likely to change in July of 2010. Home loans are currently below 4.5% for some borrowers who have a great credit score and equity in their homes. It takes a credit score above 740 to lock in to the lowest possible mortgage interest rates, Subprime Blogger reported. Bank of America Corp. (NYSE:BAC, $14.02, -$0.35, -2.44%) rose 0.57 percent to $14.10 on Friday morning pre-market trading session, while on Thursday, shares of Bank of America fell 2.44 percent, closed on $14.02 and BofA dropped 9.20 percent in the past one month trading.
The U.S. Treasury Department announced Thursday that it has sold about 1.1 billion additional shares of Citigroup common stock from May 27 through June 30, according to a Treasury statement yesterday. The average price per share of all the sales to date was $4.03, meaning the government has received total gross proceeds of $10.5 billion. Citigroup Inc. (NYSE:C, $3.78, +$0.02, 0.53%) jumped 1.06 percent to $3.82 on Friday morning pre-market trading session, even on Thursday, Citigroup shares were up 0.53 percent, closed on $3.78.
Google Inc. announced Thursday that it has agreed to acquire Boston-based ITA Software Inc., a flight information software firm, for $700 million in cash, subject to adjustments. Google Inc. (NASDAQ:GOOG, $439.49, -$5.46, -1.23%) rose 0.51 percent to $441.74 on Friday morning pre-market trading session, while on Thursday, shares of Google Inc. fell 1.23 percent, closed on $439.49.
Computer maker Dell (DELL) has signed an agreement to acquire Scalent Systems Inc., a private company that makes software to manage combinations of network switches and server-computers. Dell did not reveal the terms of the transaction. Dell Inc. (NASDAQ:DELL, $12.03, -$0.03, -0.25%) jumped 0.58 percent to $12.10 on Friday morning pre-market trading session, while on Thursday, Dell shares dropped 0.25 percent, closed on $12.03.
DemandTec, Inc., a leading provider of on-demand optimization solutions for retailers and consumer products manufacturers, reported Thursday widened its loss in its fiscal first quarter as revenue fell. DemandTec reported first quarter net loss of $5.9 million, or 20 cents per share, compared to a net loss of $3.7 million, or 13 cents per share and revenues fell 7.7% to $18.0 million from $19.5 million in the same quarter a year earlier. DemandTec, Inc. (NASDAQ:DMAN, $6.66, -$0.09, -1.33%) rose 2.85 percent to $6.85 on Friday morning pre-market trading session, while on Thursday, shares of DemandTec fell 1.33 percent, closed on $6.66.
The Walt Disney Company has confirmed it has bought app-based music gaming company Tapulous, financial details were not disclosed. The Walt Disney Company (NYSE:DIS, $31.49, -$0.01, -0.03%) jumped 0.03 percent to $31.50 on Friday morning pre-market trading session, while on Thursday, Walt Disney shares dropped 0.03 percent, closed on $31.49.
Wilshire Bancorp, Inc., the holding company for Wilshire State Bank, Friday said it it expects to post a second-quarter loss on an increase in its provision for loan losses and higher net loan charge-offs and said it suspended its dividend. Wilshire Bancorp, Inc. (NASDAQ:WIBC, $8.55, -$0.2, -2.29%) fell 9.24 percent to $7.76 on Friday morning pre-market trading session, even on Thursday, shares of Wilshire Bancorp declined 2.29 percent, closed on $8.55.