Market Overview

US Stock Futures Flat Ahead Of Economic Data

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US stock futures are flat this morning, as investors are awaiting existing home sales and jobless claims data. Futures for the Dow Jones Industrial Average dropped 7 points to 13,212.00 and S&P 500 index futures fell 0.80 points to 1,432.20. Nasdaq 100 futures climbed 1.25 points to 2,694.25.

US stocks closed lower on Wednesday, with the Dow Jones Industrial Average dropping 0.74% to 13,251.97, the S&P 500 index falling 0.76% to 1,435.81 and the Nasdaq 100 index declining 0.33% to 3,044.36.

Data on weekly jobless claims and third estimate of GDP will be released at 8:30 a.m. ET. Data on existing home sales for November and the Conference Board's index of leading indicators for November will be released at 10 a.m. ET. At the same time, the Federal Reserve Bank of Philadelphia will release its gauge of regional manufacturing activity.

CarMax (NYSE: KMX) is expected to report its Q3 earnings at $0.39 per share on revenue of $2.46 billion. American Greetings (NYSE: AM) is estimated to report its Q3 earnings at $0.48 per share on revenue of $533.00 million. Research In Motion (NASDAQ: RIMM) is projected to post a Q3 loss at $0.35 per share on revenue of $2.65 billion.

ConAgra Foods (NYSE: CAG) is estimated to report its Q2 earnings at $0.55 per share on revenue of $3.69 billion. Nike (NYSE: NKE) is projected to post its Q2 earnings at $1.00 per share on revenue of $5.99 billion. Discover Financial Services (NYSE: DFS) is expected to report its Q4 earnings at $1.11 per share on revenue of $1.96 billion. Carnival (NYSE: CCL) is projected to report its Q4 earnings at $0.11 per share on revenue of $3.54 billion.

Red Hat (NYSE: RHT) is estimated to post its Q3 earnings at $0.29 per share on revenue of $338.05 million. Darden Restaurants (NYSE: DRI) is expected to report its Q2 earnings at $0.26 per share on revenue of $1.95 billion. Micron Technology (NASDAQ: MU) is expected to post a Q1 loss at $0.19 per share on revenue of $2.01 billion. KB Home (NYSE: KBH) is estimated to report its Q4 earnings at $0.06 per share on revenue of $567.06 million.

Bed Bath & Beyond (NASDAQ: BBBY) issued downbeat fourth-quarter earnings forecast. The company's board also authorized a new $2.5 billion share repurchase program.

Jabil Circuit (NYSE: JBL) reported upbeat fiscal first-quarter results.

European markets were mixed today. The STOXX Europe 600 Index fell 0.04%, London's FTSE 100 Index gained 0.05%, French CAC 40 Index climbed 0.43% and German DAX 30 index fell 0.08%.

Asian markets ended mixed, with Japan's Nikkei Stock Average falling 1.19%, China's Shanghai Composite gaining 0.28% and Australia's S&P/ASX 200 rising 0.29%. Hong Kong's Hang Seng Index rose 0.16% and India's Sensex dropped 0.11%.

Crude-oil futures for February delivery dropped $0.11 to trade at $89.87 a barrel.

The dollar index (DXY) fell 0.24% to trade at 79.21, down from 79.270 in North American trade late Wednesday.

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

 

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