Market Overview

US Stock Futures Edge Lower; Euro Drops Versus Dollar

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US stock futures are slightly lower this morning. Futures for the Dow Jones Industrial Average dropped 16 points to 13,330.00 and S&P 500 index futures fell 1.50 points to 1,456.20. Nasdaq 100 futures declined 1.25 points to 2,711.75.

US stocks closed higher on Friday, with the Dow Jones Industrial Average rising 0.33% to 13,435.21, the S&P 500 index gaining 0.49% to 1,466.47 and the Nasdaq 100 index climbing 0.04% to 3,101.66.

Commercial Metals Company (NYSE: CMC) is expected to report its Q1 earnings at $0.17 per share on revenue of $1.89 billion. Zep (NYSE: ZEP) is projected to report its Q1 earnings at $0.18 per share on revenue of $156.79 million.

Office Depot (NYSE: ODP) announced the resignation of Kevin Peters, president of its North American business.

AbbVie (NYSE: ABBV) declared the company's first quarterly dividend of $0.40 per share.

European markets were mostly lower today. The STOXX Europe 600 Index fell 0.15%, London's FTSE 100 Index gained 0.45%, German DAX 30 Index declined 0.47% and French CAC 40 Index fell 0.68%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.83%, China's Shanghai Composite gaining 0.37% and Australia's S&P/ASX 200 Index dropping 0.10%. Hong Kong's Hang Seng Index fell 0.01% and India's Sensex declined 0.47%.

The ICE dollar index (DXY) rose 0.10% to trade at 80.58, versus 80.440 late Friday.

The euro dropped 0.27% against the dollar to trade at $1.3041, down from $1.3082 late Friday. The dollar fell 0.28% versus the Japanese yen to trade at ¥87.87, down from ¥88.13.

Nymex crude-oil futures dropped $0.29 to trade at $93.22 a barrel in electronic trade, while gold futures rose $6 to $1,654.90 an ounce.

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

 

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