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US Stock Futures Slightly Lower Ahead Of Economic Data, Coca-Cola Earnings

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US stock futures are slightly lower this morning, ahead of economic data. Futures for the Dow Jones Industrial Average dropped 9 points to 13,915.00 and S&P 500 index futures fell 1.40 points to 1,511.70. Nasdaq 100 futures declined 1.50 points to 2,769.00.

US stocks closed lower on Monday, with the Dow Jones Industrial Average dropping 0.16% to 13,971.24, the S&P 500 index falling 0.06% to 1,517.01 and the Nasdaq 100 index declining 0.06% to 3,192.00.

The NFIB Small Business Optimism Index for January will be released at 7:30 a.m. ET. The Labor Department is expected to release data on job openings at 10 a.m. ET. President Barack Obama will deliver State of the Union address to Congress.

The Coca-Cola Company (NYSE: KO) is projected to report its Q4 earnings at $0.44 per share on revenue of $11.54 billion. Avon Products (NYSE: AVP) is expected to report its Q4 earnings at $0.27 per share on revenue of $3.00 billion. Reynolds American (NYSE: RAI) is expected to report its Q4 earnings at $0.73 per share on revenue of $2.06 billion. Goodyear Tire & Rubber Co (NYSE: GT) is projected to report its Q4 earnings at $0.20 per share on revenue of $5.34 billion.

Huntsman (NYSE: HUN) is estimated to report its Q4 earnings at $0.23 per share on revenue of $2.49 billion. FMC Technologies (NYSE: FTI) is expected to report its Q4 earnings at $0.57 per share on revenue of $1.72 billion. Fossil (NASDAQ: FOSL) is estimated to report its Q4 earnings at $2.26 per share on revenue of $930.43 million.

Rackspace Hosting (NYSE: RAX) is expected to report its Q4 earnings at $0.22 per share on revenue of $355.42 million. The McGraw-Hill Companies (NYSE: MHP) is projected to report its Q4 earnings at $0.72 per share on revenue of $1.61 billion. The Valspar (NYSE: VAL) is projected to report its Q1 earnings at $0.67 per share on revenue of $922.05 million. Marsh & McLennan Companies (NYSE: MMC) is estimated to report its Q4 earnings at $0.52 per share on revenue of $3.01 billion.

Lions Gate Entertainment (NYSE: LGF) reported upbeat third-quarter earnings.

Rexnord (NYSE: RXN) reported that its board has initiated a review of strategic alternatives, including a possible sale of the company.

European markets were mixed today. The STOXX Europe 600 Index fell 0.14%, London's FTSE 100 Index gained 0.11%, German DAX 30 Index fell 0.28% and French CAC 40 Index climbed 0.03%.

Asian markets ended higher, with Japan's Nikkei Stock Average surging 1.94%, Australia's S&P/ASX 200 Index rising 0.02% and India's Sensex gaining 0.52%.

Gold futures for delivery in April fell $7 to trade at $1,642.10 an ounce in electronic trading.

The ICE dollar index (DXY) gained 0.08% to trade at 80.45, up from 80.201 in late North American trading on Monday.

The dollar declined 0.05% against the Japanese yen to trade at ¥94.2750, down from ¥93.42.

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

 

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