U.S. stock futures on Wednesday signaled a lower open, as sentiment was hit by a drop in oil prices.
The market is slated to take in a fresh reading on home sales, together with government data on U.S. supplies of crude, which rallied on Tuesday and assisted stocks close higher.
S&P 500 futures ESH6, -0.19% dropped 2.55 points, or 0.1%, to 2,070.25, while those for the Dow Jones Industrial Average YMH6, -0.22% declined by 26 points, or 0.2%, to 17,612. NASDAQ 100 futures NQH6, -0.13% pulled back by 4.25 points, or 0.1%, to 4,686.25.
On Tuesday, Shares of Facebook, Inc. (NASDAQ:FB), gained 1.26% to $107.26.
Mark Zuckerberg didn’t see this coming.
When Facebook Inc.’s co-founder projected bringing free Web services to India, his stated aim was to assist connect millions of impoverished people to unlimited opportunity. Instead, critics have accused him of making a poorly disguised land grab in India’s burgeoning Internet sector. The growing backlash could threaten the very premise of Internet.org, his ambitious, two-year-old effort to connect the planet, according to Bloomberg.
Indian authorities are circumspect because the Facebook initiative provides access to only a limited set of websites — undermining the equal-access precepts of net neutrality. The telecommunications regulator is calling for initial comments by Jan 7, extending the deadline from recently, on whether wireless carriers can charge differently for data usage across websites, applications and platforms. Losing this fight could imperil Facebook’s Free Basics, which allows customers to access the social network and select services such as Messenger and Microsoft’s Bing without a data plan. Bloomberg Reports
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
Shares of Schlumberger Limited (NYSE:SLB), inclined 0.13% to $70.51, during its last trading session.
December 10, 2015 - Schlumberger Limited declared that Schlumberger Holding Corporation (“SHC”), its wholly-owned partner and the holding company for its U.S. operations, will issue five tranches of senior notes with the following maturities: 2017 (the “2017 Notes”); 2018 (the “2018 Notes”); 2020 (the “2020 Notes”); 2022 (the “2022 Notes”); and 2025 (the “2025 Notes” and together with the 2017 Notes, the 2018 Notes, the 2020 Notes and the 2022 Notes, the “Notes”). The offering is closed on December 10, 2015.
Schlumberger Limited supplies technology, integrated project administration, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments.
Finally, Electronic Arts Inc. (NASDAQ:EA), ended its last trade with 0.95% gain, and closed at $69.85.
KBC Group reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 53.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The hedge fund owned 115,775 shares of the game software company’s stock after selling 132,447 shares during the period. KBC Group’s holdings in Electronic Arts were worth $7,844,000 as of its most recent filing with the SEC.
Electronic Arts Inc. develops, markets, publishes, and distributes game software content and online services for video game consoles, Internet-connected consoles, personal computers, mobile phones, and tablets worldwide.
