US Stock Futures Up; All Eyes On Fed

US stock futures are higher this morning, as investors are awaiting a Federal Reserve policy meeting later in the day. Futures for the Dow Jones Industrial Average surged 72 points to 12,969.00 and S&P 500 index futures rose 8.60 points to 1,375.40. Nasdaq 100 futures gained 16 points to 2,663.00. US stocks closed mixed on Monday, with the Dow Jones Industrial Average rising 0.29% to 12,959.71, the S&P 500 index surging 0.02% to 1,371.09 and the Nasdaq 100 index dropping 0.16% to 2,983.66. Data on February retail-sales will be released at 8:30 a.m. ET. The Fed is scheduled to announce its rate decision at 2:15 p.m. FactSet Research Systems Inc FDS is expected to post its Q2 EPS at $1.00 on revenue of $198.16 million. Xerium Technologies Inc XRM is expected to post its Q4 EPS at $0.31 on revenue of $149.43 million. Rex American Resources Corp REX is projected to report its Q4 earnings at $0.88 per share on revenue of $137.3 million. Medifast Inc MED is projected to post its Q4 EPS at $0.21 on revenue of $70.97 million. Majesco Entertainment Co COOL reported downbeat quarterly profit. Safe Bulkers Inc SB announced its plans to offer 5 million shares of its common stock to the public. Urban Outfitters Inc URBN reported its Q4 earnings at $0.28 per share, versus analysts' estimates of $0.29 per share. Yahoo! Inc YHOO sued Facebook Inc for infringement of patents in a San Jose, California federal court. European markets were higher today. The STOXX Europe 600 Index surged 1.10%, London's FTSE 100 Index moved up 0.81%, French CAC 40 index rose 1% and German DAX 30 index gained 1.06%. Asian markets ended higher, with Japan's Nikkei Stock Average rising 0.09% and Australia's S&P/ASX 200 moving up 1.13%. Hong Kong's Hang Seng index gained 0.97% and India's Sensex rose 1.28%. Nymex crude-oil gained $0.54 to $106.88 a barrel in electronic trade. The euro dropped 0.26% against the US dollar to trade at $1.3121. However, the dollar gained 0.47% versus the Japanese yen to trade at 82.61 yen.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsFuturesGlobalPre-Market OutlookMarketsUS Stock Futures
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!