Market Overview

US Stock Futures Slightly Lower Ahead of Earnings, Data

US stock futures are slightly lower this morning, as investors are awaiting earnings reports. Futures for the Dow Jones Industrial Average dropped 10 points to 13,154.00 and S&P 500 index futures fell 2 points to 1,396.50. Nasdaq 100 futures declined 3 points to 2,733.75.

US stocks closed higher on Friday, with the Dow Jones Industrial Average rising 0.18% to 13,228.31, the S&P 500 index gaining 0.24% to 1,403.36 and the Nasdaq 100 index surging 0.61% to 3,069.20.

Data on personal income and consumer spending will be released at 8:30 a.m. ET. The Chicago-area purchasing managers' index will be released at 9:45 a.m. ET.

Loews Corporation (NYSE: L) is projected to post its Q1 earnings at $0.90 per share. Humana Inc (NYSE: HUM) is expected to report its Q1 earnings at $1.52 per share on revenue of $10.14 billion. Reinsurance Group of America Inc (NYSE: RGA) is projected to post its Q1 EPS at $1.53 on revenue of $2.20 billion.

Anadarko Petroleum Corporation (NYSE: APC) is expected to post its Q1 EPS at $0.83 on revenue of $3.42 billion. Harman International Industries Inc (NYSE: HAR) is projected to post its Q1 EPS at $0.67 on revenue of $1.04 billion. McKesson Corporation (NYSE: MCK) is projected to post its Q4 earnings at $2.06 per share on revenue of $30.40 billion.

Tenneco Inc (NYSE: TEN) is projected to post its Q1 earnings at $0.73 per share on revenue of $1.88 billion. Masco Corporation (NYSE: MAS) is expected to post its Q1 EPS at $0.00 on revenue of $1.83 billion. Jacobs Engineering Group Inc (NYSE: JEC) is expected to post its Q2 EPS at $0.74 on revenue of $2.78 billion. WMS Industries Inc (NYSE: WMS) is estimated to post its Q3 EPS at $0.42 on revenue of $190.33 million.

NYSE Euronext (NYSE: NYX) reported a decline in its profit in the first quarter.

European markets were mostly lower today. The STOXX Europe 600 Index declined 0.23%, London's FTSE 100 Index moved down 0.06%, French CAC 40 index fell 0.71% and German DAX 30 index gained 0.04%.

Asian markets ended higher, with Australia's S&P/ASX 200 moving up 0.76%. Hong Kong's Hang Seng index gained 1.70% and India's Sensex rose 0.72%.

Nymex crude oil futures dropped $0.52 to $104.41 a barrel in electronic trade. However, gold futures fell $1.30 to $1,663.50 an ounce.

The dollar index (DXY) gained 0.19% to trade at 78.86, versus 78.733 in late North American trading on Friday.

The euro fell 0.15% versus the greenback to trade at $1.3217, down from $1.3252. The dollar fell 0.12% against the Japanese yen to trade at ¥80.1750, down from ¥80.38.

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

 

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