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US Stock Futures Up Ahead Of Economic Data

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US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 35 points to 13,303.00 and S&P 500 index futures rose 4.60 points to 1,430.90. Nasdaq 100 futures gained 11 points to 2,733.75.

US stocks closed lower on Wednesday, with the Dow Jones Industrial Average dropping 0.95% to 13,344.97, the S&P 500 index declining 0.62% to 1,432.56 and the Nasdaq 100 index falling 0.43% to 3,051.78.

Data on weekly jobless claims, trade-deficit and import prices will be released at 8:30 a.m. ET.

Fastenal Company (NASDAQ: FAST) is estimated to report its Q3 earnings at $0.37 per share on revenue of $804.80 million. Cantel Medical (NYSE: CMN) is expected to report its Q4 earnings at $0.32 per share on revenue of $102.70 million.

Safeway (NYSE: SWY) is projected to report its Q3 earnings at $0.42 per share on revenue of $10.24 billion. JB Hunt Transport Services (NASDAQ: JBHT) is estimated to post its Q3 earnings at $0.66 per share on revenue of $1.28 billion. Winnebago Industries (NYSE: WGO) is projected to report its Q4 earnings at $0.17 per share on revenue of $163.03 million.

VOXX International (NASDAQ: VOXX) cut its FY13 adjusted EBITDA forecast.

Ruby Tuesday (NYSE: RT) reported a 16% drop in its fiscal first-quarter profit.

European markets were higher today. The STOXX Europe 600 Index rose 0.31%, London's FTSE 100 Index gained 0.34%, French CAC 40 Index gained 0.41% and German DAX 30 index rose 0.58%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 0.58%, China's Shanghai Composite dropping 0.81% and Australia's S&P/ASX 200 falling 0.15%. Hong Kong's Hang Seng index rose 0.38% and India's Sensex surged 1.06%.

Crude oil for November delivery gained $0.55 to $91.81 a barrel. However, gold for December delivery surged $5.40 to trade at $1,770.60 an ounce.

The euro gained 0.07% versus the dollar to trade at $1.2885, versus $1.2869 in North American trade late Wednesday.

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

 

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