US Stock Futures Up; ISM Manufacturing Data In Focus

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US stock futures are higher this morning, as investors are awaiting ISM manufacturing data. Futures for the Dow Jones Industrial Average surged 22 points to 13,101.00 and S&P 500 index futures rose 1.80 points to 1,406.90. Nasdaq 100 futures gained 6.75 points to 2,777.75. US stocks closed higher on Friday, with the Dow Jones Industrial Average rising 0.69% to 13,090.84, the S&P 500 index gaining 0.51% to 1,406.58 and the Nasdaq 100 index surging 0.60% to 3,066.96. The Institute for Supply Management's August manufacturing index will be released at 10 a.m. ET. The Markit purchasing-managers' index for the month of August will be released at 8:55 a.m. ET and construction spending data for July will be released at 10 a.m. ET. Campbell Soup Co
CPB
is projected to report its Q4 earnings at $0.39 per share on revenue of $1.59 billion. Finisar
FNSR
is projected to post its Q1 EPS at $0.14 on revenue of $226.28 million. Pep Boys - Manny, Moe & Jack
PBY
is projected to post its Q2 earnings at $0.16 on revenue of $528.27 million. General Motors
GM
is expected to report its sales figures for August. Valeant Pharmaceuticals International
VRX
announced its plans to acquire Medicis Pharmaceutical
MRX
for $2.6 billion in cash. European markets were lower today. The STOXX Europe 600 Index declined 0.42%, French CAC 40 index dropped 0.45%. London's FTSE 100 Index moved down 0.70% and German DAX 30 index fell 0.17%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.10%, China's Shanghai Composite dropping 0.75% and Australia's S&P/ASX 200 moving down 0.60%. Hong Kong's Hang Seng index declined 0.66% and India's Sensex gained 0.32%. Nymex crude-oil futures gained $0.70 to trade at $97.17 a barrel in electronic trade, while gold futures climbed $6.80 to $1,694.40 an ounce. The dollar index (DXY) declined 0.1% to 81.139. The euro gained 0.1% versus the dollar to trade at $1.2603. The US dollar rose 0.23% versus the Japanese yen to trade at ¥78.4450.
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