Market Overview

US Stock Futures Up Ahead Of ADP Data

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 51 points to 12,795.00 and S&P 500 index futures rose 6 points to 1,347.90. Nasdaq 100 futures gained 11.50 points to 2,601.00.

US stocks closed lower on Tuesday, with the Dow Jones Industrial Average dropping 1.57% to 12,759.15, the S&P 500 index declining 1.54% to 1,343.36 and the Nasdaq 100 index dipping 1.36% to 2,910.32.

The ADP private-sector-payrolls report for February will be released at 8:15 a.m. ET.

Ciena Corp (NASDAQ: CIEN) is estimated to post a Q1 loss at $0.04 per share on revenue of $426.2 million. H&R Block Inc (NYSE: HRB) is projected to report its FQ3 earnings at $0.07 per share on revenue of $694 million. American Eagle Outfitters Inc (NYSE: AEO) is expected to post its Q4 EPS at $0.35 on revenue of $1.05 billion.

Children's Place Retail Stores Inc (NASDAQ: PLCE) is projected to post its Q4 earnings at $0.92 per share on revenue of $478.1 million. Brown Shoe Company Inc (NYSE: BWS) is estimated to post its Q4 EPS at $0.20 on revenue of $643.53 million. Pall Corporation (NYSE: PLL) is projected to post its Q2 EPS at $0.74 on revenue of $684.56 million.

Men's Wearhouse Inc (The) (NYSE: MW) is estimated to post a Q4 loss at $0.13 per share on revenue of $563.17 million. Hovnanian Enterprises Inc (NYSE: HOV) is estimated to post a Q1 loss at $0.47 per share on revenue of $287.66 million.

Pandora Media Inc (NYSE: P) reported a wider-than-expected Q4 loss. The company also issued a downbeat Q1 outlook.

Discovery Laboratories Inc (NASDAQ: DSCO) reported that the Food and Drug Administration (FDA) approved its respiratory distress syndrome treatment Surfaxin.

European markets were higher today. The STOXX Europe 600 Index surged 0.42%, London's FTSE 100 Index moved up 0.27%, French CAC 40 index rose 0.85% and German DAX 30 index gained 0.43%.

Asian markets ended lower, with Japan's Nikkei Stock Average declining 0.64%, China's Shanghai Composite dropping 0.65% and Australia's S&P/ASX 200 moving down 1.42%. Hong Kong's Hang Seng index dipped 0.86% and India's Sensex dropped 0.16%.

Light, sweet crude-oil futures for delivery in April gained $0.78 to $105.48 a barrel. However, gold futures for April delivery surged $10.50 to $1,682 an ounce.

The ICE dollar index (DXY) dropped 0.13% to 79.70, versus 79.843 in late North American trading on Tuesday.

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

 

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