US Stock Futures Slightly Lower Ahead Of Alcoa Earnings
US stock futures are slightly lower this morning, as investors are awaiting earnings from Alcoa (NYSE: AA) later in the day. Futures for the Dow Jones Industrial Average dropped 7 points to 13,300.00 and S&P 500 index futures fell 1.60 points to 1,454.20. Nasdaq 100 futures declined 4 points to 2,713.75.
US stocks closed lower on Monday, with the Dow Jones Industrial Average dropping 0.38% to 13,384.29, the S&P 500 index falling 0.31% to 1,461.89 and the Nasdaq 100 index declining 0.09% to 3,098.81.
The NFIB small-business-optimism index for December will be released at 7:30 a.m. ET. Data on consumer credit for November will be released at 3 p.m. ET.
Alcoa (NYSE: AA) is projected to post its Q4 earnings at $0.06 per share on revenue of $5.61 billion. Acuity Brands (NYSE: AYI) is expected to report its Q1 earnings at $0.81 per share on revenue of $498.79 million. IHS (NYSE: IHS) is estimated to report its Q4 earnings at $1.11 per share on revenue of $409.86 million.
Apollo Group (NASDAQ: APOL) is expected to post its Q1 earnings at $0.90 per share on revenue of $1.03 billion. RPM International (NYSE: RPM) is estimated to report its Q2 earnings at $0.42 per share on revenue of $998.34 million. Monsanto Company (NYSE: MON) is expected to report its Q1 earnings at $0.37 per share on revenue of $2.64 billion.
Yum! Brands (NYSE: YUM) lowered its fourth-quarter same-store sales forecast for China.
Team (NYSE: TISI) reported a rise in its fiscal second-quarter earnings. The company also lifted its earnings outlook for fiscal year 2013.
European markets were mostly higher today. The STOXX Europe 600 Index rose 0.08%, London's FTSE 100 Index gained 0.04%, German DAX 30 Index declined 0.14% and French CAC 40 Index rose 0.48%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.86%, China's Shanghai Composite declining 0.41% and Australia's S&P/ASX 200 Index dropping 0.54%. Hong Kong's Hang Seng Index fell 0.94% and India's Sensex gained 0.26%.
Crude-oil rose $0.21 to trade at $93.40 a barrel, while gold futures climbed $7.30 to trade at $1,653.60 an ounce.
The US dollar gained 0.03% versus the euro to trade at $1.3121.
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