Market Overview

US Stock Futures Slightly Lower Ahead Of Economic Data

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US stock futures are slightly lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 10 points to 13,423.00 and S&P 500 index futures fell 2.30 points to 1,462.00. Nasdaq 100 futures declined 3 points to 2,725.75.

US stocks closed mostly lower on Monday, with the Dow Jones Industrial Average rising 0.14% to 13,507.32, the S&P 500 index falling 0.09% to 1,470.68 and the Nasdaq 100 index dropping 0.26% to 3,117.50.

The producer price index for December, the Empire State manufacturing index for January and retail sales data for December will be released at 8:30 a.m. ET. Data on business inventories for November will be released at 10 a.m. ET.

Forest Laboratories (NYSE: FRX) is estimated to post a Q3 loss at $0.13 per share on revenue of $764.25 million. Commerce Bancshares (NASDAQ: CBSH) is expected to report its Q4 earnings at $0.72 per share on revenue of $264.43 million.

Lennar (NYSE: LEN) is expected to report its Q4 earnings at $0.44 per share on revenue of $1.32 billion. Linear Technology (NASDAQ: LLTC) is expected to post its Q2 earnings at $0.40 per share on revenue of $310.54 million. Interactive Brokers Group (NASDAQ: IBKR) is expected to post its Q4 earnings at $0.21 per share on revenue of $280.30 million.

Dell (NASDAQ: DELL) is in talks to go private, according to the reports.

Majesco Entertainment Company (NASDAQ: COOL) posted a Q4 net loss of $2.7 million, versus a year-ago net loss of $3.9 million. The company projects drop in its fiscal 2013 sales.

European markets were slightly higher today. The STOXX Europe 600 Index rose 0.01%, London's FTSE 100 Index gained 0.02%, German DAX 30 Index dropped 0.12% and French CAC 40 Index rose 0.07%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.72%, China's Shanghai Composite jumping 0.60% and Australia's S&P/ASX 200 Index dropping 0.06%. Hong Kong's Hang Seng Index fell 0.14% and India's Sensex surged 0.40%.

The ICE dollar index (DXY) gained 0.08% to trade at 79.56, up from 79.460 in North America on Monday.

The euro fell 0.21% against the dollar to trade at $1.3355, down from $1.3386.

Crude-oil for February delivery declined $0.02 to $94.12 a barrel.

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


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