US Stock Futures Up Ahead Of Housing Starts Data

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US stock futures are higher this morning, as investors are awaiting housing starts data. Futures for the Dow Jones Industrial Average surged 34 points to 13,311.00 and S&P 500 index futures rose 2.90 points to 1,444.10. Nasdaq 100 futures climbed 10 points to 2,711.50. US stocks closed higher on Tuesday, with the Dow Jones Industrial Average surging 0.87% to 13,350.96, the S&P 500 index rising 1.15% to 1,446.79 and the Nasdaq 100 index gaining 1.46% to 3,054.53. Data on housing starts for November will be released at 8:30 a.m. ET. FedEx
FDX
is estimated to report its Q2 earnings at $1.41 per share on revenue of $10.84 billion. Actuant
ATU
is expected to report its Q1 earnings at $0.50 per share on revenue of $396.37 million. Jabil Circuit
JBL
is expected to post its Q1 earnings at $0.56 per share on revenue of $4.41 billion. General Mills
GIS
is projected to report its Q2 earnings at $0.79 per share on revenue of $4.88 billion. Accenture plc
ACN
is expected to post its Q1 earnings at $1.04 per share on revenue of $7.29 billion. Bed Bath & Beyond
BBBY
is projected to post its Q3 earnings at $1.02 per share on revenue of $2.73 billion. Steelcase
SCS
is expected to post its Q3 earnings at $0.21 per share on revenue of $722.10 million. Herman Miller
MLHR
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is estimated to post its Q2 earnings at $0.39 per share on revenue of $467.33 million. Paychex
PAYX
is projected to post its Q2 earnings at $0.41 per share on revenue of $573.03 million. Navistar International
NAV
is estimated to report a Q4 loss at $1.12 per share on revenue of $3.18 billion. Oracle
ORCL
reported better-than-expected fiscal second-quarter adjusted earnings. Energen
EGN
cut its 2012 and 2013 production forecast by 400,000 barrels of oil equivalent. European markets were higher today. The STOXX Europe 600 Index rose 0.55%, London's FTSE 100 Index gained 0.61%, French CAC 40 Index climbed 0.50% and German DAX 30 index rose 0.32%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 2.39%, China's Shanghai Composite dropping 0.01% and Australia's S&P/ASX 200 rising 0.49%. Hong Kong's Hang Seng Index rose 0.57% and India's Sensex climbed 0.57%. The dollar index dropped 0.23% to trade at 79.13, down from 79.349 in North American trade late Tuesday.
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