Market Overview

US Stock Futures Mixed As Investors Await Fed Decision

Related BBBY
Study: This Retailer Dominates Online Home Furnishing
Thursday's Selling Momentum Continues Into Friday
Nasdaq Crumbles in Worst Rout Since '11 (Fox Business)

US stock futures are mixed this morning. Futures for the Dow Jones Industrial Average gained 1 point to 12,763.00 and S&P 500 index futures fell 0.20 points to 1,350.40. Nasdaq 100 futures gained 4.75 points to 2,617.25.

US stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising 0.75% to 12,837.33, the S&P 500 index surging 0.98% to 1,357.98 and the Nasdaq 100 index gaining 1.19% to 2,929.76.

The Fed is scheduled to announce its monetary policy decision at 12:30 p.m. ET.

Bed Bath & Beyond (NASDAQ: BBBY) is projected to post its Q1 EPS at $0.84 on revenue of $2.25 billion. Goodrich (NYSE: GR) is estimated to post its Q2 earnings at $1.71 per share on revenue of $2.22 billion.

Actuant (NYSE: ATU) is projected to post its FQ3 earnings at $0.59 per share on revenue of $429 million. Steelcase (NYSE: SCS) is expected to post its Q1 EPS at $0.13 on revenue of $681.10 million.

Micron Technology (NASDAQ: MU) is projected to post a Q3 loss at $0.20 per share on revenue of $2.00 billion. Red Hat (NYSE: RHT) is expected to post its Q1 EPS at $0.27 on revenue of $310.77 million.

Procter & Gamble Co (NYSE: PG) lowered its fourth-quarter profit and sales estimates.

Adobe Systems (NASDAQ: ADBE) lowered its full-year revenue forecast.

FSI International (NASDAQ: FSII) issued a weak Q4 forecast.

European markets were mixed today. The STOXX Europe 600 Index fell 0.04%, London's FTSE 100 Index gained 0.08%, French CAC 40 index dropped 0.26% and German DAX 30 index surged 0.04%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 1.11%, Chinese Shanghai Composite dropping 0.34% and Australia's S&P/ASX 200 rising 0.23%. Hong Kong's Hang Seng index surged 0.53% and India's Sensex gained 0.22%.

The euro gained 0.01% versus the dollar to trade at $1.2687 on Wednesday.

Crude for July delivery dropped $0.17 to $83.86 a barrel, while gold for August delivery declined $5.30 to $1,617.90 an ounce.

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

 

Related Articles (ADBE + ATU)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters