Market Overview

US Stock Futures Slightly Higher Ahead Of Weekly Jobless Claims Data

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US stock futures are slightly higher this morning, as investors are awaiting weekly jobless claims data. Futures for the Dow Jones Industrial Average surged 11 points to 13,035.00 and S&P 500 index futures rose 0.70 points to 1,409.00. Nasdaq 100 futures gained 0.75 points to 2,638.25.

US stocks closed mixed on Wednesday, with the Dow Jones Industrial Average gaining 0.64% to 13,034.49, the S&P 500 index rising 0.16% to 1,409.28 and the Nasdaq 100 index falling 0.77% to 2,973.70.

Data on latest weekly jobless claims will be released at 8:30 a.m. ET.

Smithfield Foods (NYSE: SFD) is estimated to report its Q2 earnings at $0.44 per share on revenue of $3.30 billion. UTi Worldwide (NASDAQ: UTIW) is projected to report its Q3 EPS at $0.25 on revenue of $1.22 billion. Titan Machinery (NASDAQ: TITN) is estimated to report its Q3 EPS at $0.65 on revenue of $512.76 million.

Esterline Technologies (NYSE: ESL) is expected to post its Q4 EPS at $1.60 on revenue of $523.70 million. Layne Christensen Co (NASDAQ: LAYN) is projected to report its Q3 EPS at $0.40 on revenue of $295.49 million.

H&R Block (NYSE: HRB) is expected to post a Q2 loss at $0.40 per share on revenue of $130.47 million. Lululemon Athletica (NASDAQ: LULU) is expected to report its Q3 EPS at $0.37 on revenue of $305.05 million.

Broadcom (NASDAQ: BRCM) lifted the lower end of its Q4 revenue forecast.

Sigma Designs (NASDAQ: SIGM) posted a wider-than-expected fiscal third-quarter loss.

Synopsys (NASDAQ: SNPS) reported a 27% drop in its fiscal fourth-quarter profit.

European markets were higher today. The STOXX Europe 600 Index rose 0.53%, London's FTSE 100 Index gained 0.20%, French CAC 40 Index surged 0.46% and German DAX 30 index rose 1.01%.

Asian markets ended mixed, with Japan's Nikkei Stock Average rising 0.81%, China's Shanghai Composite falling 0.13% and Australia's S&P/ASX 200 dropping 0.27%. Hong Kong's Hang Seng Index fell 0.09% and India's Sensex climbed 0.49%.

Nymex crude oil futures gained $0.22 to trade at $88.10 a barrel, while gold futures rose $1.10 to $1,694.90 an ounce.

The dollar index (DXY) fell 0.05% to trade at 79.78, down from 79.886 in North American trade late Wednesday.

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


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