Market Overview

US Stock Futures Up; Jobless Claims, ECB Meeting In Focus

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US stock futures are higher this morning, ahead of jobless claims data and the European Central Bank meeting. Futures for the Dow Jones Industrial Average surged 31 points to 13,457.00 and S&P 500 index futures rose 4.20 points to 1,448.90. Nasdaq 100 futures gained 8.25 points to 2,816.25.

US stocks closed higher on Wednesday, with the Dow Jones Industrial Average rising 0.09% to 13,494.61, the S&P 500 index gaining 0.36% to 1,450.99 and the Nasdaq 100 index surging 0.49% to 3,135.23.

Data on weekly jobless claims will be released at 8:30 a.m. ET, while factory orders data for August will be released at 10 a.m. ET.

Many retailers are scheduled to report same-store sales results for September.

International Speedway (NASDAQ: ISCA) is estimated to report its Q3 earnings at $0.08 per share on revenue of $127.35 million.

NuVasive (NASDAQ: NUVA) lowered its third-quarter sales forecast.

Applied Materials (NASDAQ: AMAT) announced its plans to lower 6% to 9% of its total workforce.

European markets were lower today. The STOXX Europe 600 Index fell 0.27%, London's FTSE 100 Index dropped 0.30%, French CAC 40 Index dropped 0.29% and German DAX 30 index fell 0.28%.

Asian markets ended higher, with Japan's Nikkei Stock Average surging 0.89% and Australia's S&P/ASX 200 rising 0.31%. Hong Kong's Hang Seng index gained 0.09% and India's Sensex rose 1.04%.

Gold for December delivery gained $9.10 to trade at $1,789 an ounce, while November crude gained $0.44 to $88.61 a barrel.

The dollar gained 0.08% versus the US dollar to trade at ¥78.55, versus ¥78.53 in late North American trading Wednesday.

The ICE dollar index (DXY) declined 0.18% to trade at 79.76, down from 79.967. The euro rose 0.33% against the dollar to trade at $1.2947, versus $1.2903.

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

 

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