Market Overview

US Stock Futures Slightly Higher Ahead Of ADP Report

Share:
US Stock Futures Slightly Higher Ahead Of ADP Report
Related MON
Benzinga's M&A Chatter for Monday September 26, 2016
Benzinga's Top Upgrades
Ruane Cunniff Cuts Allergan, Berkshire, IBM (GuruFocus)
Related MAR
Goldman Sachs Checks Out Of La Quinta Holdings
Morgan Stanley On Hotel, Leisure Sector: 2 Upgrades, 3 Downgrades
Twitter Price Tag Unlikely To Top $17; Disney Downgraded; Marriott Touted (Investor's Business Daily)

US stock futures are slightly higher this morning, as investors are awaiting the ADP private-sector employment data. Futures for the Dow Jones Industrial Average surged 11 points to 13,422.00 and S&P 500 index futures rose 0.90 points to 1,441.80. Nasdaq 100 futures gained 6.25 points to 2,801.50.

US stocks closed mixed on Tuesday, with the Dow Jones Industrial Average dropping 0.24% to 13,482.36, the S&P 500 index rising 0.09% to 1,445.75 and the Nasdaq 100 index gaining 0.21% to 3,120.04.

The ADP private-sector employment data will be released at 8:15 a.m. ET. The ISM's non-manufacturing survey of business confidence will be released at 10 a.m. ET.

Monsanto Co (NYSE: MON) is projected to report its Q4 earnings at $0.43 per share on sales of $2.22 billion. Marriott International (NYSE: MAR) is expected to post its Q3 earnings at $0.40 per share on revenue of $2.65 billion.

RPM International (NYSE: RPM) is projected to report its FQ1 earnings at $0.64 per share on revenue of $1.08 billion. Family Dollar Stores (NYSE: FDO) is projected to report its Q4 earnings at $0.75 per share on sales of $2.36 billion.

Resources Connection (NASDAQ: RECN) posted a surge in its first quarter profit.

Xyratex Ltd (NASDAQ: XRTX) posted downbeat third-quarter results. It also expects a loss for its current quarter.

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.04%, London's FTSE 100 Index surged 0.14%, French CAC 40 Index dropped 0.02% and German DAX 30 index rose 0.30%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average dropping 0.45% and Australia's S&P/ASX 200 rising 0.15%. Hong Kong's Hang Seng index gained 0.23% and India's Sensex rose 0.24%.

The Chinese nonmanufacturing PMI declined to 53.7 in September, versus 56.3 in August.

The ICE dollar index (DXY) gained 0.03% to trade at 79.77, up from 79.735 in North American trading late Tuesday.

The euro gained 0.02% versus the dollar to trade at $1.2923, up from $1.2921 in North American trading late Tuesday. The US dollar rose 0.07% against the Japanese yen to trade at ¥78.23, up from ¥78.13 Tuesday.

Gold for December futures gained $5 to trade at $1,780.60 an ounce.

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

 

Related Articles (FDO + MAR)

View Comments and Join the Discussion!