US Stock Futures Up After Upbeat China Data
US stock futures are higher this morning, as investors are awaiting consumer prices and industrial production data. Futures for the Dow Jones Industrial Average surged 37 points to 13,131.00 and S&P 500 index futures rose 3.40 points to 1,415.40. Nasdaq 100 futures climbed 2.25 points to 2,649.25.
US stocks closed lower on Thursday, with the Dow Jones Industrial Average dropping 0.56% to 13,170.72, the S&P 500 index falling 0.63% to 1,419.45 and the Nasdaq 100 index declining 0.72% to 2,992.16.
Data on consumer prices will be released at 8:30 a.m. ET, while industrial production data will be released at 9:15 a.m. ET.
Adobe Systems (NASDAQ: ADBE) reported better-than-expected fiscal fourth-quarter results.
VeriFone Systems (NYSE: PAY) issued downbeat first-quarter earnings forecast.
MDC Holdings (NYSE: MDC) declared a cash dividend of $1.00 per share.
Quiksilver (NYSE: ZQK) reported weaker-than-expected fiscal fourth-quarter results.
European markets were mixed today. The STOXX Europe 600 Index rose 0.09%, London's FTSE 100 Index dropped 0.08%, French CAC 40 Index declined 0.12% and German DAX 30 index rose 0.25%.
Asian markets ended mostly higher, with Japan's Nikkei Stock Average falling 0.05%, China's Shanghai Composite jumping 4.32% and Australia's S&P/ASX 200 rising 0.05%. Hong Kong's Hang Seng Index rose 0.71% and India's Sensex climbed 0.46%.
HSBC's China manufacturing PMI surged to 50.9 in December.
Crude-oil for January delivery surged $0.76 to trade at $86.65 a barrel, while gold for February delivery gained $0.70 to $1,697.50 an ounce.
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