US Stock Futures Down; All Eyes On GE Earnings
US stock futures are lower this morning, as investors are awaiting earnings from General Electric Company (NYSE: GE). Futures for the Dow Jones Industrial Average dropped 33 points to 12,847.00 and S&P 500 index futures fell 4.50 points to 1,367.40. Nasdaq 100 futures declined 2 points to 2,650.25.
US stocks closed higher on Thursday, with the Dow Jones Industrial Average rising 0.27% to 12,943.36, the S&P 500 index gaining 0.27% to 1,376.51 and the Nasdaq 100 index surging 0.79% to 2,965.90.
General Electric Company is projected to report its Q2 EPS at $0.37 on revenue of $36.80 billion. American Electric Power Co (NYSE: AEP) is estimated to report its Q2 earnings at $0.71 per share on revenue of $3.57 billion.
Baker Hughes (NYSE: BHI) is expected to report its Q2 earnings at $0.77 per share on revenue of $5.26 billion. Xerox (NYSE: XRX) is projected to report its Q2 EPS at $0.26 on revenue of $5.59 billion.
Autoliv (NYSE: ALV) is projected to report its Q2 EPS at $1.40 on revenue of $2.11 billion.
SanDisk (NASDAQ: SNDK) reported better-than-expected Q2 adjusted earnings.
Microsoft (NASDAQ: MSFT) reported upbeat FQ4 adjusted earnings.
Google (NASDAQ: GOOG) reported its Q2 adjusted earnings at $10.12 per share on net revenue of $8.36 billion. However, analysts were expecting earnings of $10.04 per share on net revenue of $8.41 billion.
European markets were lower today. The STOXX Europe 600 Index fell 0.37%, London's FTSE 100 Index dropped 0.46%, French CAC 40 Index declined 0.75% and German DAX 30 index fell 0.20%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 1.43%, China's Shanghai Composite falling 0.74% and Australia's S&P/ASX 200 dropping 0.14%. Hong Kong's Hang Seng Index surged 0.42% India's Sensex fell 0.70%.
The ICE dollar index (DXY) gained 0.27% to trade at 83.12, up from 82.926 in North America Thursday.
The euro fell 0.40% versus the dollar to trade at $1.2231, down from $1.2272. The British pound dropped 0.22% versus the US dollar to trade at $1.5690, versus $1.5720.
Crude for August delivery declined $1.17 to trade at $91.49 a barrel, down from $92.66.
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