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US Stock Futures Up Ahead Of Economic Data

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US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 79 points to 12,508.00 and S&P 500 index futures rose 8 points to 1,323.00. Nasdaq 100 futures gained 19 points to 2,543.00.

US stocks closed lower on Friday, with the Dow Jones Industrial Average dropping 0.60% to 12,454.83, the S&P 500 index falling 0.22% to 1,317.82 and the Nasdaq 100 index dropping 0.07% to 2,837.53. US stock markets were closed Monday for the Memorial Day holiday.

The Case-Shiller home price index for April will be released at 9 a.m. ET. However, data on May consumer confidence will be released at 10 a.m. ET.

Charming Shoppes Inc (NASDAQ: CHRS) is estimated to post its Q1 EPS at $0.18 on revenue of $493.88 million. Sanderson Farms Inc (NASDAQ: SAFM) is projected to post its FQ2 earnings at $0.86 per share on revenue of $586.1 million.

Perfect World Co Ltd (NASDAQ: PWRD) is projected to post its Q1 earnings at $4.64 per share on revenue of $735.91 million. Jos. A Bank Clothiers Inc (NASDAQ: JOSB) is estimated to post its Q1 earnings at $0.62 per share on revenue of $208.91 million.

Copart Inc (NASDAQ: CPRT) is projected to post its Q3 EPS at $0.43 on revenue of $259.37 million. DryShips Inc (NASDAQ: DRYS) is projected to report a Q1 loss at $0.02 per share on sales of $258.7 million.

Shares of Mentor Graphics Corp (NASDAQ: MENT) tumbled 13.24% on Friday after the company reported a 43% decline in its fiscal second quarter profit.

European markets were mixed today. The STOXX Europe 600 Index rose 0.04%, London's FTSE 100 Index dropped 0.04%, French CAC 40 index fell 0.16% and German DAX 30 index climbed 0.46%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 0.74%, Chinese Shanghai Composite gaining 1.20% and Australia's S&P/ASX 200 rising 1.16%. Hong Kong's Hang Seng index rose 1.35% and India's Sensex rose 0.05%.

The ICE dollar index (DXY) gained 0.03% to 82.25, versus 82.228 in North American trade late Monday.

Crude-oil futures for July delivery climbed $0.75 to $91.61 a barrel. However, gold for June delivery gained $6.10 to $1,575 an ounce.

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

 

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