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US Stock Futures Up Ahead Of Economic Data

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US stock futures are higher this morning, ahead of economic data. Futures for the Dow Jones Industrial Average surged 59 points to 13,404.00 and S&P 500 index futures rose 6.80 points to 1,433.70. Nasdaq 100 futures gained 11.50 points to 2,785.75.

US stocks closed lower on Wednesday, with the Dow Jones Industrial Average dropping 0.33% to 13,413.51, the S&P 500 index falling 0.57% to 1,433.32 and the Nasdaq 100 index declining 0.77% to 3,093.70.

Data on weekly jobless claims; orders for durable goods, and Q2 GDP will be released at 8:30 a.m. ET.

Discover Financial Services (NYSE: DFS) is projected to report its Q3 earnings at $1.04 per share on revenue of $1.90 billion. Micron Technology (NASDAQ: MU) is estimated to post a Q4 loss at $0.22 per share on revenue of $2.12 billion.

Research In Motion Limited (NASDAQ: RIMM) is projected to post a Q2 loss at $0.47 per share on revenue of $2.49 billion. Nike (NYSE: NKE) is estimated to post its Q1 EPS at $1.12 on revenue of $6.41 billion.

Progress Software (NASDAQ: PRGS) reported an upbeat third-quarter profit.

Pall (NYSE: PLL) lifted its quarterly dividend by 19% to $0.25 per share.

Thor Industries (NYSE: THO) reported better-than-expected fiscal fourth-quarter earnings.

European markets were higher today. The STOXX Europe 600 Index rose 0.51%, London's FTSE 100 Index gained 0.24%, French CAC 40 Index climbed 0.72% and German DAX 30 index rose 0.42%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.48%, China's Shanghai Composite surging 2.60% and Australia's S&P/ASX 200 rising 0.46%. Hong Kong's Hang Seng Index rose 1.14% and India's Sensex declined 0.28%.

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

 

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