Market Overview

US Stock Futures Slightly Higher Ahead Of Consumer Spending Data

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US stock futures are slightly higher this morning, as investors are awaiting consumer spending data. Futures for the Dow Jones Industrial Average surged 18 points to 13,039.00 and S&P 500 index futures rose 1 point to 1,416.70. Nasdaq 100 futures gained 5.25 points to 2,685.25.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average gaining 0.28% to 13,021.82, the S&P 500 index rising 0.43% to 1,415.95 and the Nasdaq 100 index surging 0.68% to 3,012.03.

Data on consumer spending and income for October will be released at 8:30 a.m. ET. However, the Chicago purchasing managers index will be released at 9:45 a.m. ET.

Genesco (NYSE: GCO) is estimated to report its Q3 earnings at $1.33 per share on revenue of $659.45 million. United Natural Foods (NASDAQ: UNFI) is expected to report its Q1 earnings at $0.46 per share on revenue of $1.39 billion.

Star Bulk Carriers (NASDAQ: SBLK) is estimated to post a Q3 loss at $0.77 per share on revenue of $17.73 million. ReneSola (NYSE: SOL) is projected to report a Q3 loss at $0.31 per share on revenue of $215.77 million.

Zumiez (NASDAQ: ZUMZ) reported a drop in its third-quarter profit. The company's sales missed analysts' estimates.

Zynga (NASDAQ: ZNGA) reached an agreement to amend the terms of its relationship with Facebook (NASDAQ: FB).

OmniVision Technologies (NASDAQ: OVTI) reported a 50% drop in its fiscal second-quarter profit.

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.08%, London's FTSE 100 Index gained 0.09%, French CAC 40 Index surged 0.19% and German DAX 30 index rose 0.27%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 0.48%, China's Shanghai Composite rising 0.85% and Australia's S&P/ASX 200 gaining 0.62%. Hong Kong's Hang Seng Index climbed 0.49% and India's Sensex jumped 0.88%.

Japan's industrial production climbed 1.8% on a seasonally adjusted basis in October versus September. India's gross domestic product rose 5.3% y/y in the fiscal second quarter.

The dollar index (DXY) fell 0.09% to trade at 80.14, down from 80.190 in North American trade on Thursday.

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


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