US Stock Futures Signal Lower Start On Wall Street
US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 87 points to 12,701.00 and S&P 500 index futures fell 10.50 points to 1,339.50. Nasdaq 100 futures dropped 20.50 points to 2,590.25.
US stocks closed mostly lower on Friday, with the Dow Jones Industrial Average dropping 0.27% to 12,820.60, the S&P 500 index declining 0.34% to 1,353.39 and the Nasdaq 100 index gaining 0.01% to 2,933.82.
InterOil Corp (NYSE: IOC) is projected to report its Q1 earnings at $0.05 per share on revenue of $310.8 million. AirMedia Group Inc (NASDAQ: AMCN) is estimated to post a Q1 loss at $0.03 per share on revenue of $65.95 million.
Photronics Inc (NASDAQ: PLAB) is estimated to post its Q2 EPS at $0.12 on revenue of $116.82 million. Shares of Arena Pharmaceuticals Inc (NASDAQ: ARNA) jumped 73.77% on Friday after the US Food and Drug Administration recommended approval of the company's obesity pill.
European markets were lower today. The STOXX Europe 600 Index dropped 1.85%, London's FTSE 100 Index moved down 1.67%, French CAC 40 index fell 2.43% and German DAX 30 index declined 2.06%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 0.23%, Australia's S&P/ASX 200 moving up 0.21% and China's Shanghai Composite dropping 0.60%. Hong Kong's Hang Seng Index fell 1.15% and India's Sensex declined 0.59%. The ICE dollar Index (DXY) gained 0.41% to 80.74, up from its previous close at 80.264.
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