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US Stock Futures Slightly Lower Ahead Of Consumer Spending Data

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US stock futures are slightly lower this morning, as investors are awaiting consumer spending data. Futures for the Dow Jones Industrial Average dropped 13 points to 13,401.00 and S&P 500 index futures fell 1.40 points to 1,439.70. Nasdaq 100 futures declined 1.75 points to 2,812.75.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average rising 0.54% to 13,485.97, the S&P 500 index surging 0.96% to 1,447.15 and the Nasdaq 100 index gaining 1.39% to 3,136.60.

The US Labor Department is scheduled to release data on personal income and spending for August at 8:30 a.m. ET. The Institute for Supply Management will release its Chicago purchasing-managers survey for September at 9:45 a.m. ET and the University of Michigan/Reuters index of consumer sentiment for the month of September will be released at 9:55 a.m. ET.

American Greetings (NYSE: AM) is projected to report its Q2 earnings at $0.14 per share on sales of $432 million. Walgreen Co (NYSE: WAG) is estimated to report its FQ4 earnings at $0.56 per share on sales of $17.08 billion.

Finish Line (NASDAQ: FINL) is projected to report its Q2 earnings at $0.44 per share on sales of $358.3 million.

Nike (NYSE: NKE) reported a 12% drop in its fiscal first-quarter profit. It gross margin declined to 43.5% from 44.3%.

Micron Technology (NASDAQ: MU) posted a wider fiscal fourth-quarter loss.

Research In Motion Ltd (NASDAQ: RIMM) reported upbeat second-quarter results.

European markets were mixed today. The STOXX Europe 600 Index fell 0.04%, London's FTSE 100 Index gained 0.29%, French CAC 40 Index dropped 0.17% and German DAX 30 index rose 0.28%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average dropping 0.89%, China's Shanghai Composite surging 1.45% and Australia's S&P/ASX 200 rising 0.08%. Hong Kong's Hang Seng Index rose 0.38% and India's Sensex surged 0.98%.

Gold futures gained $3.20 to trade at $1,783.70 an ounce, while crude oil futures rose $0.46 to $92.31 per barrel.

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


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