Market Overview

US Stock Futures Slightly Higher Ahead Of Housing Starts, Producer Price Index

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US stock futures are slightly higher this morning, as investors are awaiting housing starts data and the producer price index. Futures for the Dow Jones Industrial Average surged 7 points to 14,014.00 and S&P 500 index futures rose 1.20 points to 1,529.10. Nasdaq 100 futures gained 4.50 points to 2,785.00.

US stocks closed higher on Tuesday, with the Dow Jones Industrial Average surging 0.39% to 14,035.67, the S&P 500 index rising 0.73% to 1,530.94 and the Nasdaq 100 index gaining 0.68% to 3,213.59.

Data on housing starts for January and the producer price index for January will be released at 8:30 a.m. ET. The Federal Open Market Committee will release minutes of its latest meeting at 2:00 p.m. ET.

Dell (NASDAQ: DELL) reported upbeat fourth-quarter earnings.

Demand Media (NYSE: DMD) reported that its board is exploring a plan to split the company into two separate publicly traded firms.

Dish Network (NASDAQ: DISH) is estimated to report its Q4 earnings at $0.51 per share on revenue of $3.56 billion. Sonic Automotive (NYSE: SAH) is estimated to report its Q4 earnings at $0.50 per share on revenue of $2.33 billion. Tesla Motors (NASDAQ: TSLA) is projected to post a Q4 loss at $0.53 per share on revenue of $298.90 million.

Owens Corning (NYSE: OC) is expected to report its Q4 earnings at $0.16 per share on revenue of $1.16 billion. Garmin (NASDAQ: GRMN) is estimated to post its Q4 earnings at $0.73 per share on revenue of $833.43 million. KAR Auction Services (NYSE: KAR) is expected to post its Q4 earnings at $0.21 per share on revenue of $493.84 million.

Fluor (NYSE: FLR) is estimated to post its Q4 earnings at $0.98 per share on revenue of $7.20 billion. Williams Companies (NYSE: WMB) is projected to post its Q4 earnings at $0.26 per share on revenue of $2.03 billion. Crocs (NASDAQ: CROX) is estimated to post its Q4 earnings at $0.00 per share on revenue of $219.90 million. Devon Energy (NYSE: DVN) is expected to report its Q4 earnings at $0.75 per share on revenue of $2.37 billion.

European markets were mixed today. The STOXX Europe 600 Index fell 0.19%, London's FTSE 100 Index gained 0.35%, French CAC 40 Index fell 0.14% and German DAX 30 index rose 0.21%.

Asian markets ended higher, with Japan's Nikkei Stock Average surging 0.84%, China's Shanghai Composite gaining 0.60% and Australia's S&P/ASX 200 rising 0.26%. Hong Kong's Hang Seng Index climbed 0.71% and India's Sensex rose 0.04%.

The US dollar dropped 0.14% against the Japanese yen to trade at ¥93.44.

The ICE dollar index (DXY) fell 0.04% to trade at 80.48.

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

 

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