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US Stock Futures Signal Higher Start On Wall Street

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US stock futures are higher this morning, ahead of earnings reports from major companies. Futures for the Dow Jones Industrial Average surged 66 points to 12,668.00 and S&P 500 index futures rose 6.90 points to 1,315.80. Nasdaq 100 futures gained 14.00 points to 2,476.00.

US stocks closed mixed on Monday, with the Dow Jones Industrial Average dropping 0.05% to 12,653.72, the S&P 500 index declining 0.25% to 1,313.01 and the Nasdaq 100 index gaining 0.24% to 2,811.94.

The Labor Department will release Q4 employment cost index at 8:30 a.m. ET. The Case-Shiller index of November home prices will be released at 9 a.m. ET. The Chicago-area January purchasing managers index will be released at 9:45 a.m. ET. However, the Conference Board's January consumer confidence data will be released at 10 a.m. ET.

Tyco International Ltd (NYSE: TYC) is expected to post its Q1 EPS at $0.79 on revenue of $4.26 billion. Pfizer Inc (NYSE: PFE) is projected to report its Q4 profit at $0.47 per share on revenue of $16.61 billion. United States Steel Corporation (NYSE: X) is projected to report a Q4 loss at $0.84 per share on revenue of $4.73 billion.

Mattel Inc (NASDAQ: MAT) is projected to report its Q4 earnings at $1.01 per share on sales of $2.23 billion. Archer-Daniels-Midland Company (NYSE: ADM) is expected to post a Q2 EPS at $0.76 on revenue of $22.82 billion. United Parcel Service Inc (NYSE: UPS) is estimated to post its Q4 EPS at $1.26 on revenue of $14.45 billion.

Exxon Mobil Corp (NYSE: XOM) is projected to report its Q4 earnings at $1.98 per share on revenue of $118.8 billion. Eli Lilly and Company (NYSE: LLY) is estimated to post its Q4 EPS at $0.81 on revenue of $5.90 billion. McGraw-Hill Companies Inc (The) (NYSE: MHP) is projected to post its Q4 EPS at $0.57 on revenue of $1.55 billion.

RadioShack Corp (NYSE: RSH) issued a weak fourth-quarter forecast.

McKesson Corp (NYSE: MCK) reported a strong rise in its FQ3 profit.

European markets were higher today. The STOXX Europe 600 Index surged 0.82%, London's FTSE 100 Index moved up 0.80%, French CAC 40 index rose 1.13% and German DAX 30 index gained 0.92%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.1076%, China's Shanghai Composite gaining 0.33% and Australia's S&P/ASX 200 moving down 0.20%. Hong Kong's Hang Seng index rose 1.1413% and India's Sensex jumped 1.96%.

Nymex crude-oil futures for March delivery gained $1.04 a barrel to $99.82 in electronic trade.

The euro gained 0.3% against the dollar to trade at $1.3184. However, the dollar gained 0.06% versus the Japanese yen to trade at 76.39 yen.

Posted-In: US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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