Market Overview

US Stock Futures Down Ahead Of New-Home Sales Data

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US stock futures are slightly lower this morning, as investors are awaiting new-home sales data. Futures for the Dow Jones Industrial Average dropped 11 points to 12,851.00 and S&P 500 index futures fell 2.10 points to 1,395.30. Nasdaq 100 futures declined 3.25 points to 2,638.00.

US stocks closed lower on Tuesday, with the Dow Jones Industrial Average dropping 0.69% to 12,878.13, the S&P 500 index falling 0.52% to 1,398.94 and the Nasdaq 100 index declining 0.30% to 2,967.79.

Data on new-home sales for October will be released at 10 a.m. ET. The Federal Reserve is scheduled to release its Beige Book report at 2:00 p.m. ET.

American Eagle Outfitters (NYSE: AEO) is estimated to report its Q3 earnings at $0.39 per share on revenue of $873.26 million. The Fresh Market (NASDAQ: TFM) is expected to report its Q3 EPS at $0.26 on revenue of $318.60 million.

Express (NYSE: EXPR) is projected to report its Q3 earnings at $0.17 per share on revenue of $468.80 million. Pall (NYSE: PLL) is estimated to post its Q1 EPS at $0.66 on revenue of $633.94 million.

La-Z-Boy (NYSE: LZB) is projected to post its Q2 EPS at $0.20 on revenue of $325.38 million. rue21 (NASDAQ: RUE) is estimated to post its Q3 EPS at $0.39 on revenue of $228.85 million. JA Solar Holdings Co (NASDAQ: JASO) is projected to report a Q3 loss at $0.20 per share on revenue of $236.99 million.

Green Mountain Coffee Roasters (NASDAQ: GMCR) reported upbeat fiscal fourth-quarter results and lifted its earnings forecast for fiscal 2013.

Analog Devices (NYSE: ADI) issued downbeat forecast for the fiscal first quarter.

PVH (NYSE: PVH) reported a 47% rise in its fiscal third-quarter profit.

European markets were lower today. The STOXX Europe 600 Index fell 0.27%, London's FTSE 100 Index dropped 0.26%, French CAC 40 Index declined 0.36% and German DAX 30 index fell 0.15%.

Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.22%, China's Shanghai Composite dropping 0.89% and Australia's S&P/ASX 200 falling 0.24%. Hong Kong's Hang Seng Index declined 0.62%.

Crude-oil futures for January delivery dropped $0.40 to trade at $86.78 a barrel.

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

 

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