Market Overview

US Stock Futures Down As Investors Await Fed Decision

US Stock Futures Down As Investors Await Fed Decision
Related PIR
Oppenheimer Says Pier 1 Inventories To Impact Co. For Remainder Of Year, Co. Still Cleaning Out Excess Inventory From Last Holiday Season
Stocks Hitting 52-Week Lows
Related ALOG
Earnings Scheduled For September 16, 2015
Earnings Scheduled For June 4, 2015

US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 25 points to 13,336.00 and S&P 500 index futures fell 3 points to 1,436.50. Nasdaq 100 futures declined 9.75 points to 2,786.50.

US stocks closed higher on Wednesday, with the Dow Jones Industrial Average rising 0.07% to 13,333.35, the S&P 500 index gaining 0.21% to 1,436.56 and the Nasdaq 100 index rising 0.32% to 3,114.31.

Data on weekly jobless claims and August producer prices will be released at 8:30 a.m. ET. The Fed is scheduled to announce its policy decision at 12:30 p.m. ET.

Pier 1 Imports (NYSE: PIR) is expected to report its Q2 earnings at $0.19 per share on revenue of $368 million. Analogic (NASDAQ: ALOG) is projected to post its Q4 EPS at $0.71 on revenue of $140.80 million.

Apple (NASDAQ: AAPL) introduced iPhone 5 at an event in San Francisco.

K12 (NYSE: LRN) reported a better-than-expected fourth-quarter profit.

W.W. Grainger (NYSE: GWW) is expected to report August sales results.

European markets were lower today. The STOXX Europe 600 Index dropped 0.29%, French CAC 40 index declined 0.70%. London's FTSE 100 Index moved down 0.07% and German DAX 30 index fell 0.28%.

Asian markets ended mixed, with Japan's Nikkei Stock Average rising 0.39%, China's Shanghai Composite declining 0.76% and Australia's S&P/ASX 200 moving down 0.53%. Hong Kong's Hang Seng index fell 0.14% and India's Sensex rose 0.12%.

Crude oil for October delivery gained $0.08 to trade at $97.10 a barrel, while gold for December delivery declined $0.20 to $1,733.40 an ounce.

The dollar index (DXY) fell 0.02% to trade at 79.68, down from 79.728 in late North American trade on Wednesday.

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


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