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U.S. stocks were poised for a slightly weak open Wednesday, as investors sideline worries about Egypt, and focus on corporate earnings and the labor market.
U.S. stocks started February with a bang Tuesday. The Dow and S&P 500 closed above key psychological levels for the first time in more than two years, with the Dow finishing above 12,000.
Economy: Before the market open, a report from payroll services firm ADP reported job growth for January that was much stronger than expected (+187,000).
Companies: Time Warner (TWX, Fortune 500) posted fourth-quarter earnings Wednesday that beat Wall Street expectations, driven in part by a recovering advertising market. Shares of Time Warner, the parent of CNNMoney and Fortune, edged up about more than 3% in premarket trading.
Shares of video game company Electronic Arts (ERTS, Fortune 500) jumped nearly 10% in premarket trading, a day after they reported a 75% jump in quarterly earnings and announced a stock buyback.
Shares of Southwest Airline (LUV, Fortune 500) also slumped more than 15% in premarket trading.
Toyota (TM) shares gained more than 2% in pre-market trading, after reporting almost 24% rise in January sales Tuesday. The Japanese automaker also said late Tuesday that it is offering "voluntary exit packages" to certain employees, as part of a restructuring plan.
Shares of Borders Group (BGP) plunged more than 35% Tuesday before the market close, and fell 10% in pre-market trading Wednesday on a report claiming the company will file for bankruptcy.
After the closing bell, Visa (V, Fortune 500) is expected to report earnings per share of $1.21 on revenue of $2.23 billion.
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