Market Overview

US Stock Futures Down Ahead Of Economic Data

Related RAD
Notable Hedge Funds Disclose Additions And Reductions To Holdings
Drug Stores Down On Walgreen's Disappointing FY16 Outlook
Making Money With Charles Payne: 08/28/14 (Fox Business)
Related KMX
Auto Retailers' Shares Get Boost From AutoNation's 8% July Sales Gain
O'Reilly Automotive Tops Q2 Earnings on Operational Merit
CarMax Earnings Slow on Accounting Correction (Fox Business)

US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 26 points to 12,737.00 and S&P 500 index futures fell 3 points to 1,347.70. Nasdaq 100 futures declined 6 points to 2,611.25.

US stocks closed mostly lower on Wednesday, with the Dow Jones Industrial Average dropping 0.10% to 12,824.39, the S&P 500 index declining 0.17% to 1,355.69 and the Nasdaq 100 index gaining 0.02% to 2,930.45.

Data on weekly jobless claims will be released at 8:30 a.m. ET. The Philadelphia Fed factory index for June, and May existing-home sales and leading economic indicators will be released at 10 a.m. ET.

Rite Aid (NYSE: RAD) is estimated to post a Q1 loss at $0.03 per share on revenue of $6.43 billion. CarMax (NYSE: KMX) is expected to post its Q1 earnings at $0.53 per share on revenue of $2.81 billion.

American Software (NASDAQ: AMSWA) is estimated to post its Q4 EPS at $0.12 on revenue of $28.81 million. ConAgra Foods (NYSE: CAG) is projected to post its Q4 EPS at $0.50 on revenue of $3.38 billion.

Red Hat (NYSE: RHT) reported a 15% rise in its Q1 profit. However, the company reported downbeat billings for the period

Bed Bath & Beyond (NASDAQ: BBBY) issued a weak Q2 profit outlook.

European markets were lower today. The STOXX Europe 600 Index fell 0.30%, London's FTSE 100 Index dropped 0.50%, French CAC 40 index fell 0.42% and German DAX 30 index declined 0.38%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 0.82%, Chinese Shanghai Composite dropping 1.40% and Australia's S&P/ASX 200 dropping 1.03%. Hong Kong's Hang Seng index declined 1.30% and India's Sensex gained 0.80%.

Crude oil for August delivery dropped $0.76 to $80.70 a barrel. However, gold for August delivery declined $15.50 to $1,600.10 an ounce.

The dollar index (DXY) gained 0.17% to 81.62, versus 81.567 in late trading Wednesday.

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

 

Related Articles (AMSWA + BBBY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters