Market Overview

US Stock Futures Flat; GDP, Weekly Jobless Claims Data In Focus

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US stock futures are mostly flat this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 2 points to 14,062.00 and S&P 500 index futures rose 0.80 points to 1,516.40. Nasdaq 100 futures climbed 3.25 points to 2,743.75.

US stocks closed higher on Wednesday, with the Dow Jones Industrial Average surging 1.26% to 14,075.37, the S&P 500 index rising 1.26% to 1,515.99 and the Nasdaq 100 index gaining 1.04% to 3,162.26.

Data on Q4 GDP and weekly jobless claims will be released at 8:30 a.m. ET. The Chicago PMI for February will be released at 9:45 a.m. ET. The Kansas City Fed's manufacturing activity index for February will be released at 11:00 a.m. ET. Data on farm prices will be released at 3:00 p.m. ET, while data on money supply will be released at 4:30 p.m. ET.

Groupon (NASDAQ: GRPN) issued downbeat first-quarter revenue forecast.

J.C. Penney Company (NYSE: JCP) posted a wider fourth-quarter loss.

Best Buy Co (NYSE: BBY) is projected to report its Q4 earnings at $1.53 per share on revenue of $16.32 billion. Kohl's (NYSE: KSS) is projected to report its Q4 earnings at $1.63 per share on revenue of $6.24 billion. Sears Holdings (NASDAQ: SHLD) is expected to report its Q4 earnings at $0.98 per share on revenue of $11.77 billion. Cablevision Systems (NYSE: CVC) is estimated to report its Q4 earnings at $0.09 per share on revenue of $1.70 billion.

The Wendy's Company (NYSE: WEN) is projected to report its Q1 earnings at $0.02 per share. Barnes & Noble (NYSE: BKS) is estimated to post its Q3 earnings at $0.54 per share on revenue of $2.40 billion. Gap (NYSE: GPS) is expected to post its Q4 earnings at $0.71 per share on revenue of $4.65 billion. salesforce.com (NYSE: CRM) is estimated to post its Q4 earnings at $0.40 per share on revenue of $830.85 million.

Universal Health Services (NYSE: UHS) is projected to post its Q4 earnings at $0.93 per share on revenue of $1.74 billion. McDermott International (NYSE: MDR) is projected to post its Q4 earnings at $0.23 per share on revenue of $981.49 million. Domino's Pizza (NYSE: DPZ) is estimated to report its Q4 earnings at $0.60 per share on revenue of $532.55 million. Deckers Outdoor (NASDAQ: DECK) is estimated to post its Q4 earnings at $2.61 per share on revenue of $623.02 million.

European markets were higher today. The STOXX Europe 600 Index fell 0.35%, London's FTSE 100 Index gained 0.30%, French CAC 40 Index rose 0.27% and German DAX 30 index climbed 0.55%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average surging 2.71%, China's Shanghai Composite gaining 2.26% and Australia's S&P/ASX 200 rising 1.33%. Hong Kong's Hang Seng Index gained 1.96% and India's Sensex fell 1.52%.

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

 

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