US Stock Futures Down Ahead Of Industrial Production Data
US stock futures are lower this morning. Futures for the Dow Jones Industrial Average tumbled 44 points to 12,478.00 and S&P 500 index futures fell 4.90 points to 1,346.40. Nasdaq 100 futures dropped 7 points to 2,515.00.
US stocks closed lower on Thursday, with the Dow Jones Industrial Average dropping 0.23% to 12,542.38, the S&P 500 index falling 0.16% to 1,353.33 and the Nasdaq 100 index declining 0.35% to 2,836.94.
Data on industrial production for October will be released at 9:15 a.m. ET.
Foot Locker (NYSE: FL) is estimated to report its Q3 earnings at $0.54 per share on revenue of $1.47 billion. ANN (NYSE: ANN) is expected to report its Q3 earnings at $0.75 per share on revenue of $606.54 million.
Hibbett Sports (NASDAQ: HIBB) is projected to report its Q3 EPS at $0.68 on revenue of $201.74 million. The J. M. Smucker Company (NYSE: SJM) is estimated to report its Q2 EPS at $1.45 on revenue of $1.63 billion. Sirona Dental Systems (NASDAQ: SIRO) is projected to report its Q4 EPS at $0.71 on revenue of $224.81 million.
Dell (NASDAQ: DELL) reported a 47% decline in its FQ3 profit.
Gap (NYSE: GPS) reported a 60% rise in its third-quarter profit and raised its earnings forecast for fiscal year 2012.
Sears Holdings (NASDAQ: SHLD) reported a narrower-than-expected third-quarter loss. However, its sales dropped 6% to $8.86 billion.
European markets were lower today. The STOXX Europe 600 Index dropped 0.37%, London's FTSE 100 Index fell 0.68%, French CAC 40 Index declined 0.44% and German DAX 30 index dropped 0.53%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average gaining 2.20%, China's Shanghai Composite falling 0.77% and Australia's S&P/ASX 200 dropping 0.24%. Hong Kong's Hang Seng index gained 0.24% and India's Sensex dropped 0.88%.
Crude-oil futures dropped $0.26 to trade at $85.19 a barrel in electronic trade. However, gold futures fell $3.90 to $1,709.90 an ounce.
The dollar index (DXY) gained 0.24% to trade at 81.22, up from 81.053 in North American trade late Thursday.
The euro dropped to $1.2729 against the US dollar, versus $1.2756. The dollar fell 0.03% against the Japanese yen to trade at ¥ 81.1450, down from ¥81.19 late Thursday.
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