US Stock Futures Slightly Lower Ahead Of Home Sales Data
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.
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