Peter Schacknow, Senior Producer, CNBC Breaking News DeskThe U.S. stock market is coming off its first positive day in four sessions, and it may be a rare day where its direction is influenced by a non-Europe headline. Congressional lawmakers have reached a deal to avert a government shutdown, resolving at least one prominent issue with a looming deadline.
After Thursday’s flood of economic stats, just one report is on the calendar this morning: the November Consumer Price Index, out at 8:30am ET. Economists are looking for an unchanged performance, with the core rate rising 0.1 percent. In October, the CPI fell 0.1 percent, with the core rate up 0.1 percent.
The earnings calendar is similarly light, but there is one report of note as Darden Restaurants (DRI) comes out with quarterly numbers this morning. The numbers themselves may not be a surprise – with the company guiding Wall Street lower just a week ago, and the stock taking a hit as a result.
Research In Motion (RIMM) tops this morning’s list of stocks to watch, with the BlackBerry maker beating estimates with its latest results, but issuing disappointing guidance. A more optimistic earnings story comes from software maker Adobe Systems (ADBE), which beat estimates with its latest results.
Executive changes make Amgen (AMGN) and New York Times (NYT) stocks to watch this morning. Amgen’s chief operating officer Bob Bradway will replace current CEO Kevin Sharer in May, while Times CEO Janet Robinson will retire on December 31 and be replaced by current chairman Arthur Sulzberger Jr. Changes are also in the works at Cablevision (CVC), where chief operating officer Tom Rutledge has abruptly resigned.
Investors will be very interested in today’s debut of Zynga (ZNGA), which raised $1 billion in its IPO as it priced at $10 per share, at the high end of the expected range.
And a move of note for top video game publisher Electronic Arts (ERTS), which will have a new ticker symbol as of Tuesday: EA. The stock will, however, continue to trade on the Nasdaq.
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