Market Overview

US Stock Futures Up; GDP Data In Focus

Related MRK
FDA Nod for Merck's Grastek - Analyst Blog
Eli Lilly/ Boehringer Drug Under FDA Review - Analyst Blog
Corporate Cash Kings Escape U.S. Taxes (Fox Business)
Related CVX
Stock Market News for April 16, 2014 - Market News
Oil & Gas Stock Roundup: Chevron Expects Q1 Slip, Shell Tastes Majnoon Success - Analyst Blog
Corporate Cash Kings Escape U.S. Taxes (Fox Business)

US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 28 points to 12,853.00 and S&P 500 index futures rose 2.70 points to 1,357.50. Nasdaq 100 futures climbed 8 points to 2,580.50.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average rising 1.67% to 12,887.93, the S&P 500 index gaining 1.65% to 1,360.02 and the Nasdaq 100 index surging 1.37% to 2,893.25.

Data on Q2 gross-domestic-product will be released at 8:30 a.m. ET.

Merck & Co (NYSE: MRK) is projected to report its Q2 EPS at $1.01 on revenue of $12.16 billion. Chevron (NYSE: CVX) is expected to report its Q2 EPS at $3.24 on revenue of $68.56 billion.

Helmerich & Payne (NYSE: HP) is expected to report its Q3 EPS at $1.16 on revenue of $780.42 million. Legg Mason (NYSE: LM) is projected to report its Q1 EPS at $0.00 on revenue of $645.22 million.

DR Horton (NYSE: DHI) is estimated to report its Q3 EPS at $0.20 on revenue of $1.19 billion. Pilgrim's (NYSE: PPC) is expected to report its Q2 EPS at $0.28 on revenue of $2.04 billion. Newell Rubbermaid (NYSE: NWL) is projected to report its Q2 EPS at $0.45 on revenue of $1.52 billion.

Shares of Starbucks (NASDAQ: SBUX) tumbled about 11% in pre-market trading after the company reported a 19% rise in its net income for the fiscal third quarter and lowered its forecast for the current quarter.

Shares of Facebook (NASDAQ: FB) dipped about 9.4% in pre-market trading after the company posted a net loss for the second quarter. Its revenue surged 32% to $1.18 billion in the quarter.

Amazon.com (NASDAQ: AMZN) reported a 96% drop in its second-quarter earnings.

European markets were mixed today. The STOXX Europe 600 Index rose 0.28%, French CAC 40 index rose 0.41%. London's FTSE 100 Index moved down 0.13% and German DAX 30 index dipped 0.42%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 1.46%, China's Shanghai Composite gaining 0.13% and Australia's S&P/ASX 200 moving up 1.45%. Hong Kong's Hang Seng index gained 2.02% and India's Sensex jumped 1.30%.

Gold for August delivery gained $7.60 to $1,622.50 an ounce. Nymex crude-oil futures gained $0.15 to $89.54 a barrel,

The dollar index (DXY) gained 0.06% to 82.87, up from 82.837 late Thursday. The euro fell 0.07% against the dollar to trade at $1.2275, down from $1.2284 late Thursday.

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

 

Most Popular

Related Articles (AMZN + CVX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free