US Stock Futures Signal Lower Start On Wall Street
US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 62 points to 12,805.00 and S&P 500 index futures fell 8.20 points to 1,350.30. Nasdaq 100 futures declined 16.25 points to 2,606.50.
US stocks closed lower on Tuesday, with the Dow Jones Industrial Average dropping 0.59% to 12,932.09, the S&P 500 index declining 0.43% to 1,363.72 and the Nasdaq 100 index falling 0.39% to 2,946.27.
Data on wholesale inventories will be released at 10 a.m.ET.
Dean Foods Company (NYSE: DF) is expected to report its Q1 earnings at $0.21 per share on sales of $3.13 billion. Cisco Systems Inc (NASDAQ: CSCO) is projected to post its Q3 EPS at $0.47 on revenue of $11.57 billion. Macy's Inc (NYSE: M) is projected to report its Q1 earnings at $0.40 per share on revenue of $6.15 billion.
Kelly Services Inc (NASDAQ: KELYA) is estimated to post its Q1 EPS at $0.18 on revenue of $1.38 billion. Spectrum Brands Holdings Inc (NYSE: SPB) is estimated to post its Q2 EPS at $0.32 on revenue of $724.07 million. AOL Inc (NYSE: AOL) is projected to post its Q1 earnings at $0.18 per share on revenue of $527.4 million.
News Corp (NASDAQ: NWSA) is expected to post its Q3 EPS at $0.31 on revenue of $8.24 billion. Huntington Ingalls Industries Inc (NYSE: HII) is estimated to post its Q1 earnings at $0.70 per share on revenue of $1.65 billion. Tim Hortons Inc (NYSE: THI) is estimated to post its Q1 EPS at $0.59 on revenue of $707.37 million.
STEC Inc (NASDAQ: STEC) reported a wider-than-expected quarterly loss and issued a downbeat forecast for the second quarter.
The Walt Disney Company (NYSE: DIS) reported upbeat profit for the fiscal second quarter.
European markets were mostly lower today. The STOXX Europe 600 Index declined 0.55%, French CAC 40 index fell 0.58%. London's FTSE 100 Index moved down 0.30% and German DAX 30 index gained 0.11%.
Asian markets ended lower, with Japan's Nikkei Stock Average declining 1.49%, China's Shanghai Composite dropping 1.65% and Australia's S&P/ASX 200 moving down 1%. Hong Kong's Hang Seng index fell 0.75% and India's Sensex dropped 0.38%.
Nymex crude oil futures declined $0.75 to $96.26 a barrel in electronic trade. However, gold futures fell $21.20 to $1,583.30 an ounce.
The ICE dollar index (DXY) gained to 79.973, versus 79.719 in late trading Tuesday.
The euro declined against the US dollar to trade at $1.2975, versus $1.3014 Tuesday. The US dollar fell against the Japanese yen to trade at ¥79.64, from ¥79.81.
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