Market Overview

US Stock Futures Up Ahead Of Economic Data

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US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 25 points to 12,999.00 and S&P 500 index futures rose 3.60 points to 1,366.50. Nasdaq 100 futures gained 5 points to 2,605.75.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average rising 0.36% to 12,984.69, the S&P 500 index surging 0.43% to 1,363.46 and the Nasdaq 100 index jumping 0.81% to 2,956.98.

Data on January new home sales and February consumer sentiment from Thomson Reuters/University of Michigan will be released around 10 a.m. ET.

Pepco Holdings Inc (NYSE: POM) is projected to post its Q4 earnings at $0.18 per share on revenue of $1.75 billion. Newmont Mining Corp (NYSE: NEM) is estimated to report its Q4 earnings at $1.27 per share on revenue of $2.74 billion. Alpha Natural Resources Inc (NYSE: ANR) is projected to post its Q4 EPS at $0.26 on revenue of $2.16 billion.

Interpublic Group of Companies Inc (NYSE: IPG) is expected to post its Q4 earnings at $0.39 per share on revenue of $2.08 billion. Washington Post Co (NYSE: WPO) is projected to report its Q4 earnings at $5.36 per share on revenue of $1.04 billion. J.C. Penney Co Inc (NYSE: JCP) is projected to post its Q4 earnings at $0.68 per share on revenue of $5.5 billion.

American Water Works Company Inc (NYSE: AWK) is projected to post its Q4 EPS at $0.32 on revenue of $696.30 million. Portland General Electric Co (NYSE: POR) is projected to post its Q4 EPS at $0.44 on revenue of $499.70 million. FTI Consulting Inc (NYSE: FCN) is estimated to post its Q4 EPS at $0.67 on revenue of $397.28 million.

Salesforce.com Inc (NYSE: CRM) reported its Q4 adjusted earnings at $0.43 per share on revenue of $631.9 million. However, analysts were projecting earnings of $0.40 per share on revenue of $624 million.

American International Group Inc (NYSE: AIG) posted its Q4 operating profit at $0.82 per share, beating analysts' estimates of $0.63 per share.

European markets were higher today. The STOXX Europe 600 Index gained 0.37%, London's FTSE 100 Index moved up 0.05%, French CAC 40 index rose 0.51% and German DAX 30 index gained 0.91%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average surging 0.54%, China's Shanghai Composite rising 1.25% and Australia's S&P/ASX 200 moving up 0.49%. Hong Kong's Hang Seng index gained 0.12% and India's Sensex dropped 0.86%.

Crude oil for April delivery gained $0.31 to $108.14 a barrel.

Gold for April delivery dropped $6.30 to $1,780.00 an ounce.

The ICE dollar index (DXY) fell 0.02% to trade at 78.62, versus 78.677 in late North American trading on Thursday.

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

 

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