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US Stock Futures Up After Obama Victory

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US stock futures are higher this morning, after President Barack Obama won the re-election. Futures for the Dow Jones Industrial Average surged 19 points to 13,220.00 and S&P 500 index futures rose 4.20 points to 1,429.40. Nasdaq 100 futures gained 8.50 points to 2,684.25.

US stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising 1.02% to 13,245.68, the S&P 500 index gaining 0.79% to 1,428.39 and the Nasdaq 100 index surging 0.41% to 3,011.93.

Macy's (NYSE: M) is projected to report its Q3 earnings at $0.29 per share on revenue of $6.07 billion. AES (NYSE: AES) is expected to report its Q3 earnings at $0.35 per share on revenue of $4.69 billion. Becton, Dickinson and Company (NYSE: BDX) is estimated to report its Q3 EPS at $1.40 on revenue of $1.97 billion.

Prudential Financial (NYSE: PRU) is projected to post its Q3 EPS at $1.68 on revenue of $10.77 billion. Whole Foods Market (NASDAQ: WFM) is estimated to post its Q4 earnings at $0.60 per share on revenue of $2.91 billion. Tenet Healthcare (NYSE: THC) is expected to report its Q3 EPS at $0.34 on revenue of $2.24 billion. Perrigo Co (NASDAQ: PRGO) is projected to report its Q1 EPS at $1.23 on revenue of $825.78 million.

Kraft Foods Group (NASDAQ: KRFT) is estimated to report its Q3 EPS at $0.69 on revenue of $4.56 billion. Time Warner (NYSE: TWX) is projected to report its Q3 EPS at $0.82 on revenue of $6.90 billion. CBS (NYSE: CBS) is expected to post its Q3 EPS at $0.61 on revenue of $3.49 billion.

LivePerson (NASDAQ: LPSN) reported weaker-than-expected Q3 revenue and issued downbeat forecast for the fourth quarter.

News Corp (NASDAQ: NWSA) reported a better-than-expected first-quarter profit.

European markets were higher today. The STOXX Europe 600 Index surged 0.58%, London's FTSE 100 Index rose 0.52%, French CAC 40 Index climbed 0.89% and German DAX 30 index gained 0.64%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average falling 0.03%, China's Shanghai Composite dropping 0.01% and Australia's S&P/ASX 200 rising 0.68%. Hong Kong's Hang Seng index gained 0.71% and India's Sensex gained 0.45%.

The dollar index (DXY) declined 0.25% to trade at 80.43, versus 80.606 in late North American trading on Tuesday.

Crude oil for December delivery fell $0.30 to trade at $88.41 a barrel, while gold for December delivery gained $15.10 to $1,730.10 an ounce.

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

 

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