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US Stock Futures Slightly Higher Ahead Of Economic Data

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US Stock Futures Slightly Higher Ahead Of Economic Data
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US stock futures are slightly higher this morning, ahead of economic data. Futures for the Dow Jones Industrial Average surged 10 points to 13,117.00 and S&P 500 index futures rose 1.70 points to 1,410.00. Nasdaq 100 futures gained 4.50 points to 2,787.25.

US stocks closed mixed on Monday, with the Dow Jones Industrial Average dropping 0.25% to 13,124.67, the S&P 500 index falling 0.05% to 1,410.44 and the Nasdaq 100 index gaining 0.11% to 3,073.19.

The Case-Shiller home price index for the month of June will be released at 9 a.m. ET. Data on August consumer-confidence will be released at 10 a.m. ET.

Perfect World Co (NASDAQ: PWRD) reported a 50% drop in its second-quarter profit and issued downbeat revenue forecast for the current quarter.

PVH (NYSE: PVH) reported a 31% rise in its second-quarter net income and lifted its profit forecast for the full year.

Brown Shoe Co (NYSE: BWS) is estimated to report its Q2 EPS at $0.03 on revenue of $606.31 million. Sanderson Farms (NASDAQ: SAFM) is estimated to report its Q3 earnings at $1.20 per share on revenue of $619.93 million.

Dycom Industries (NYSE: DY) is projected to post its Q4 earnings at $0.41 per share on revenue of $323.71 million. Movado Group (NYSE: MOV) is projected to report its Q2 EPS at $0.18 on revenue of $122.00 million.

European markets were lower today. The STOXX Europe 600 Index declined 0.48%, French CAC 40 index dropped 0.47%. London's FTSE 100 Index moved down 0.07% and German DAX 30 index fell 0.37%.

Asian markets ended mixed, with Japan's Nikkei Stock Average dropping 0.57%, China's Shanghai Composite rising 0.85% and Australia's S&P/ASX 200 moving up 0.32%. Hong Kong's Hang Seng index gained 0.07% and India's Sensex fell 0.27%.

Nymex crude-oil futures gained $0.63 to trade at $96.10 a barrel, while gold futures fell $10.60 to $1,665 an ounce.

The dollar index (DXY) declined 0.28% to trade at 81.42, versus 81.696 in North American trade late Monday. The euro gained 0.46% versus the dollar to trade at $1.2556, versus $1.2500.

The US dollar fell 0.1% versus the Japanese yen to trade at ¥78.68, down from ¥78.78.

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

 

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