US Stock Futures Up Ahead Of Earnings, Economic Data
US stock futures are slightly higher this morning, as investors are awaiting earnings reports from several major companies. Futures for the Dow Jones Industrial Average surged 4 points to 13,363.00 and S&P 500 index futures rose 0.50 points to 1,436.00. Nasdaq 100 futures gained 3.25 points to 2,734.50.
US stocks closed higher on Monday, with the Dow Jones Industrial Average rising 0.72% to 13,424.23, the S&P 500 index gaining 0.81% to 1,440.13 and the Nasdaq 100 index surging 0.66% to 3,064.18.
Data on consumer prices for September will be released at 8:30 a.m. ET, while industrial output for September will be released at 9:15 a.m. ET. The NAHB housing market index will be released at 10 a.m. ET.
The Goldman Sachs Group (NYSE: GS) is estimated to report its Q3 EPS at $2.12 on revenue of $7.30 billion. Mattel (NASDAQ: MAT) is estimated to report its Q3 earnings at $0.99 per share on revenue of $2.07 billion. The Coca-Cola Company (NYSE: KO) is expected to report its Q3 EPS at $0.50 on revenue of $12.39 billion.
Domino's Pizza (NYSE: DPZ) is estimated to report its Q3 EPS at $0.41 on revenue of $374.60 million. Intel (NASDAQ: INTC) is projected to post its Q3 earnings at $0.50 per share on revenue of $13.23 billion. State Street (NYSE: STT) is expected to report its Q3 EPS at $0.96 on revenue of $2.37 billion.
Johnson & Johnson (NYSE: JNJ) is projected to report its Q3 EPS at $1.21 on revenue of $16.95 billion. International Business Machines (NYSE: IBM) is expected to post its Q3 EPS at $3.61 on revenue of $25.36 billion. W.W. Grainger (NYSE: GWW) is estimated to report its Q3 EPS at $2.89 on revenue of $2.32 billion.
Bankrate (NYSE: RATE) issued downbeat forecast for the third quarter.
WD-40 Co (NASDAQ: WDFC) reported weaker-than-expected fiscal fourth-quarter earnings.
Microchip Technology (NASDAQ: MCHP) cut its sales view for the second quarter.
European markets were higher today. The STOXX Europe 600 Index rose 0.34%, London's FTSE 100 Index gained 0.48%, French CAC 40 Index surges 0.38% and German DAX 30 index rose 0.49%.
Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 1.44%, China's Shanghai Composite gaining 0.01% and Australia's S&P/ASX 200 rising 0.19%. Hong Kong's Hang Seng index rose 0.28% and India's Sensex dropped 0.78%.
The euro gained 0.38% versus the US dollar to trade at $1.2999.
Crude oil for November delivery dropped $0.31 to $91.54 a barrel. However, gold for December delivery surged $4.30 to trade at $1,741.90 an ounce.
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