US Stock Futures Flat As Investors Await Economic Data
US stock futures are flat this morning, ahead of economic data. Futures on the Dow Jones Industrial Average gained 3 points to 12,220.00 and futures on the S&P 500 stock index rose 0.30 points to 1,260.60. Nasdaq 100 futures surged 3.25 points to 2,281.75.
US stocks closed higher on Friday, with the Dow Jones industrial average gaining 1.02% to 12,294.00, the broader Standard & Poor's 500 index surging 0.90% to 1,265.33 and the NASDAQ composite index rising 0.74% to 2,618.64.
The Case-Shiller home price index for October will be released at 9 a.m. ET. The Conference Board's December consumer confidence index will be released at 10 a.m. ET.
Cal-Maine Foods Inc (NASDAQ: CALM) is projected to report its quarterly earnings at $0.89 per share on revenue of $288 million.
Samsung Electronics Co and Sony Corp (NYSE: SNE) agreed to end their LCD joint venture.
France Telecom SA (NYSE: FTE) announced its plans to sell its Swiss unit, Orange Switzerland, to private equity firm Apax Partners for EUR1.6 billion.
Asian markets ended lower, with Japan's Nikkei Stock Average dropping 0.4574% and China's Shanghai Composite dropping 1.09%.
European markets were higher today. The STOXX Europe 600 Index has gained 0.16%, German DAX 30 index rose 0.44% and France CAC 40 index surged 0.48%.
Nymex crude oil futures gained $0.36 to $100.04 a barrel.
The euro gained 0.2% against the US dollar to trade at $1.3078. However, the dollar fell 0.1% against the Japanese yen to trade at 77.85 yen.
