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US Stock Futures Down Ahead Of Housing Data

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US stock futures are lower this morning, as investors are awaiting housing data. Futures for the Dow Jones Industrial Average dropped 19 points to 14,376.00 and S&P 500 index futures fell 1 point to 1,545.40. Nasdaq 100 futures declined 3.50 points to 2,783.50.

US stocks closed lower on Monday, with the Dow Jones Industrial Average dropping 0.43% to 14,452.06, the S&P 500 index falling 0.55% to 1,552.10 and the Nasdaq 100 index declining 0.35% to 3,237.59.

The Federal Open Market Committee will begin a two-day meeting today. The ICSC-Goldman Sachs store sales index will be released at 7:45 a.m. ET, while housing starts data for February will be released at 8:30 a.m. ET. The Johnson Redbook Retail Sales Index will be released at 8:55 a.m. ET.

Electronic Arts (NASDAQ: EA) reported that its CEO, John Riccitiello, is stepping down.

Skullcandy (NASDAQ: SKUL) named Hoby Darling as its President and Chief Executive Officer.

DSW (NYSE: DSW) is estimated to report its Q4 earnings at $0.72 per share on revenue of $601.88 million. FactSet Research Systems (NYSE: FDS) is projected to report its Q2 earnings at $1.11 per share on revenue of $213.31 million. AAR (NYSE: AIR) is expected to post its Q3 earnings at $0.43 per share on revenue of $517.02 million.

Cintas (NASDAQ: CTAS) is estimated to post its Q3 earnings at $0.61 per share on revenue of $1.06 billion. Adobe Systems (NASDAQ: ADBE) is projected to post its Q1 earnings at $0.31 per share on revenue of $986.00 million. Williams-Sonoma (NYSE: WSM) is estimated to post its Q4 earnings at $1.29 per share on revenue of $1.40 billion.

Francesca's Holdings (NASDAQ: FRAN) is expected to post its Q4 earnings at $0.30 per share on revenue of $84.92 million. Walter Investment Management (NYSE: WAC) is estimated to report its Q4 earnings at $0.68 per share on revenue of $166.80 million. Star Bulk Carriers (NASDAQ: SBLK) is estimated to post a Q4 loss at $0.61 per share on revenue of $16.85 million.

European markets were lower today. The STOXX Europe 600 Index fell 0.36%, London's FTSE 100 Index dropped 0.34%, French CAC 40 Index fell 0.80% and German DAX 30 index declined 0.50%.

Asian markets ended mixed, with Japan's Nikkei Stock Average surging 2.03%, China's Shanghai Composite rising 0.78% and Australia's S&P/ASX 200 tumbling 0.46%. Hong Kong's Hang Seng Index dropped 0.19% and India's Sensex tumbled 1.48%.

Gold futures dropped 0.19% to trade at $1,601.60 an ounce.

The ICE dollar index (DXY) gained 0.18% to trade at 82.81.

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

 

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