Market Overview

US Stock Futures Down; Jobless Claims Data In Focus

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US stock futures are lower this morning, as investors are awaiting weekly jobless claims data. Futures for the Dow Jones Industrial Average tumbled 58 points to 13,900.00 and S&P 500 index futures fell 6.30 points to 1,510.90. Nasdaq 100 futures dropped 12.50 points to 2,757.75.

US stocks closed mixed on Wednesday, with the Dow Jones Industrial Average dropping 0.26% to 13,982.91, the S&P 500 index rising 0.06% to 1,520.33 and the Nasdaq 100 index gaining 0.33% to 3,196.88.

Data on weekly jobless claims will be released at 8:30 a.m. ET.

General Motors Company (NYSE: GM) is estimated to report its Q4 earnings at $0.51 per share on revenue of $39.14 billion. Discovery Communications (NASDAQ: DISCA) is projected to report its Q4 earnings at $0.76 per share on revenue of $1.20 billion. Pepsico (NYSE: PEP) is expected to report its Q4 earnings at $1.05 per share on revenue of $19.70 billion.

CBS (NYSE: CBS) is projected to report its Q4 earnings at $0.69 per share on revenue of $3.79 billion. PPL (NYSE: PPL) is projected to report its Q4 earnings at $0.47 per share on revenue of $2.47 billion. Agilent Technologies (NYSE: A) is expected to report its Q1 earnings at $0.67 per share on revenue of $1.69 billion.

Apache (NYSE: APA) is projected to report its Q4 earnings at $2.30 per share on revenue of $4.37 billion. Jarden (NYSE: JAH) is expected to report its Q4 earnings at $1.26 per share on revenue of $1.81 billion. Molson Coors Brewing Company (NYSE: TAP) is estimated to report its Q4 earnings at $0.64 per share on revenue of $1.07 million.

Cisco Systems (NASDAQ: CSCO) reported upbeat FQ2 earnings. Cisco projects Q3 revenue to rise 4% to 6%. However, analysts expected growth of 6.3% for the same quarter.

Whole Foods Market (NASDAQ: WFM) reported a 24% rise in its fiscal first-quarter profit and narrowed its 2013 revenue outlook.

In the fourth quarter, GDP in the euro zone declined 0.6% .

European markets were lower today. The STOXX Europe 600 Index fell 0.56%, London's FTSE 100 Index dropped 0.75%, German DAX 30 Index declined 1.13% and French CAC 40 Index fell 0.90%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.50%, Australia's S&P/ASX 200 Index gaining 0.65%. Hong Kong's Hang Seng Index gained 0.85% and India's Sensex dropped 0.57%.

The euro fell 0.97% against the dollar to trade at $1.3323.

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

 

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