Market Overview

US Stock Futures Flat, Crude Oil Rises

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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 9 points to 14,359.00 and S&P 500 index futures fell 0.10 points to 1,539.30. Nasdaq 100 futures gained 0.50 points to 2,770.75.

US stocks closed lower on Thursday, with the Dow Jones Industrial Average dropping 0.62% to 14,421.49, the S&P 500 index falling 0.83% to 1,545.80 and the Nasdaq 100 index declining 0.97% to 3,222.60.

Fed Gov. Sarah Bloom Raskin is scheduled to speak on labor market conditions in Washington.

Nike (NYSE: NKE) reported upbeat fiscal third-quarter profit.

Micron Technology (NASDAQ: MU) posted a loss in its fiscal second quarter. However, the company's revenue beat analysts' estimates

Tech Data (NASDAQ: TECD) reported that it will restate some of its financial results from 3 years.

Darden Restaurants (NYSE: DRI) is expected to report its Q3 earnings at $1.01 per share on revenue of $2.26 billion. GenVec (NASDAQ: GNVC) is estimated to post a Q4 loss at $0.27 per share on revenue of $3.70 million.

Tiffany & Co (NYSE: TIF) is estimated to report its Q4 earnings at $1.36 per share on revenue of $1.25 billion.

European markets were lower today. The STOXX Europe 600 Index fell 0.27%, London's FTSE 100 Index dropped 0.01%, French CAC 40 Index declined 0.48% and German DAX 30 index fell 0.22%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average dipping 2.35%, China's Shanghai Composite gaining 0.17% and Australia's S&P/ASX 200 rising 0.08%. Hong Kong's Hang Seng Index fell 0.50% and India's Sensex tumbled 0.27%.

Gold futures dropped 0.11% to trade at $1,612.10 an ounce.

Crude oil futures gained 0.27% to trade at $92.70 a barrel.

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

 

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