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US Stock Futures Up; Jobless Claims, GDP Data In Focus

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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 69 points to 13,026.00 and S&P 500 index futures rose 7.90 points to 1,415.00. Nasdaq 100 futures gained 18.25 points to 2,678.75.

US stocks closed higher on Wednesday, with the Dow Jones Industrial Average gaining 0.83% to 12,985.11, the S&P 500 index rising 0.79% to 1,409.93 and the Nasdaq 100 index surging 0.81% to 2,991.78.

Data on weekly jobless claims and Q3 gross domestic product will be released at 8:30 a.m. ET. The National Association of Realtors is expected to report pending home sales for October at 10 a.m. ET.

Cracker Barrel Old Country Store (NASDAQ: CBRL) is projected to report its Q1 earnings at $1.06 per share on revenue of $629.72 million. Barnes & Noble (NYSE: BKS) is expected to post a Q2 loss at $0.11 per share on revenue of $1.88 billion. Tiffany & Co (NYSE: TIF) is projected to report its Q3 earnings at $0.63 per share on revenue of $859.11 million.

Beacon Roofing Supply (NASDAQ: BECN) is estimated to report its Q4 earnings at $0.60 per share on revenue of $599.61 million. Kroger Co (NYSE: KR) is expected to report its Q3 earnings at $0.43 per share on revenue of $21.62 billion.

Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA) is estimated to post its Q3 EPS at $0.56 on revenue of $504.11 million. Zumiez (NASDAQ: ZUMZ) is expected to post its Q3 EPS at $0.48 on revenue of $182.30 million.

Aeropostale (NYSE: ARO) issued downbeat fourth-quarter earnings outlook.

Guess' (NYSE: GES) reported a drop in its third-quarter profit. The company also announced its plans to pay a special cash dividend of $1.20 per share.

Coldwater Creek (NASDAQ: CWTR) posted a narrower fiscal third-quarter loss.

European markets were higher today. The STOXX Europe 600 Index rose 0.80%, London's FTSE 100 Index gained 0.89%, French CAC 40 Index surged 1.06% and German DAX 30 index rose 0.71%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.99%, China's Shanghai Composite dropping 0.51% and Australia's S&P/ASX 200 gaining 0.62%. Hong Kong's Hang Seng Index climbed 0.99% and India's Sensex jumped 1.75%.

Oil futures for January delivery gained $1.00 to trade at $87.49 a barrel, while gold for December delivery surged $71.0 to $1,723.60 an ounce.

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

 

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