Market Overview

US Stock Futures Slightly Lower Ahead Of Home Sales Data

US Stock Futures Slightly Lower Ahead Of Home Sales Data
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US stock futures are slightly lower this morning, as investors are awaiting home sales data. Futures for the Dow Jones Industrial Average dropped 6 points to 13,399.00 and S&P 500 index futures fell 0.80 points to 1,436.40. Nasdaq 100 futures declined 4.25 points to 2,799.00.

US stocks closed lower on Tuesday, with the Dow Jones Industrial Average dropping 0.75% to 13,457.55, the S&P 500 index falling 1.05% to 1,441.59 and the Nasdaq 100 index declining 1.36% to 3,117.73.

Data on new home sales for August will be released at 10 a.m. ET.

Comtech Telecommunications (NASDAQ: CMTL) is expected to post its Q4 earnings at $0.38 per share on revenue of $109.08 million. HB Fuller Co (NYSE: FUL) is projected to post its Q3 earnings at $0.53 per share on revenue of $514.90 million.

Progress Software (NASDAQ: PRGS) is estimated to post its Q3 EPS at $0.25 on revenue of $113.25 million. Texas Industries (NYSE: TXI) is projected to post a Q1 loss at $0.07 per share on revenue of $186.66 million.

Jabil Circuit (NYSE: JBL) issued a downbeat earnings forecast for the fiscal first quarter.

Synnex (NYSE: SNX) reported a 10% drop in its fiscal third-quarter net income.

Copart (NASDAQ: CPRT) reported a rise in its profit for the fourth quarter.

European markets were lower today. The STOXX Europe 600 Index fell 1.31%, London's FTSE 100 Index dropped 1.09%, French CAC 40 Index fell 2.02% and German DAX 30 index declined 1.51%.

Asian markets ended lower, with Japan's Nikkei Stock Average tumbling 2.03%, China's Shanghai Composite dropping 1.24% and Australia's S&P/ASX 200 dropping 0.30%. Hong Kong's Hang Seng Index fell 0.83% and India's Sensex declined 0.42%.

The dollar index (DXY) gained 0.19% to 79.82, up from 79.673 late in North America on Tuesday.

Crude for November delivery dropped $0.63 to trade at $90.74 a barrel, while gold for December delivery declined $1.60 to $1,764.70.

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


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