Market Overview

US Stock Futures Up Ahead Of Fed Decision

Share:
Related COST
Costco May Hold Off On North American Membership Fee Increase Due To Light Store Traffic
Costco To Raise International Membership Fees, And The Street Approves
Stocks Cap Week With Big Gains As Banks Bounce Back, Retailers Rally (Investor's Business Daily)
Related JOY
Oshkosh Investors Disappointed By Outlook; Watch For Pressure In Other Construction Stocks
10 Notable Stocks Trading Ex-Dividend Thursday, September 15

US stock futures are slightly higher this morning. Futures for the Dow Jones Industrial Average surged 15 points to 13,293.00 and S&P 500 index futures rose 2.10 points to 1,433.60. Nasdaq 100 futures climbed 5.50 points to 2,691.25.

US stocks closed higher on Tuesday, with the Dow Jones Industrial Average gaining 0.60% to 13,248.44, the S&P 500 index rising 0.65% to 1,427.84 and the Nasdaq 100 index surging 1.18% to 3,022.30.

Data on November import prices will be released at 8:30 a.m. ET, while the federal budget statement for the month of November will be released at 2 p.m. ET. The Federal Reserve is scheduled to announce its recent monetary policy decision at 12:30 p.m. ET. However, Federal Reserve Chairman Ben Bernanke will hold a news conference at 2:15 p.m. ET.

Costco Wholesale (NASDAQ: COST) reported a 30% surge in its first-quarter profit.

Joy Global (NYSE: JOY) is projected to report its Q4 earnings at $1.91 per share on revenue of $1.42 billion.

Molycorp (NYSE: MCP) announced the resignation of its President and Chief Executive Mark Smith.

General Mills (NYSE: GIS) declared a quarterly dividend of $0.33 per share.

Facebook (NASDAQ: FB) will replace Infosys Ltd (NASDAQ: INFY) on the Nasdaq-100 Index before the opening bell on Wednesday.

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.11%, London's FTSE 100 Index gained 0.23%, French CAC 40 Index dropped 0.17% and German DAX 30 index rose 0.24%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.59%, China's Shanghai Composite gaining 0.39% and Australia's S&P/ASX 200 rising 0.23%. Hong Kong's Hang Seng Index rose 0.80% and India's Sensex dropped 0.16%.

Nymex crude-oil futures climbed $0.43 to trade at $86.22 a barrel, while gold futures gained $5.40 to $1,715.00 an ounce.

The dollar index (DXY) dropped 0.09% to trade at 79.98.

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

 

Related Articles (COST + FB)

View Comments and Join the Discussion!