Market Overview

US Stock Futures Down; ISM Data In Focus

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US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 11 points to 14,484.00 and S&P 500 index futures fell 2.90 points to 1,559.90. Nasdaq 100 futures declined 3.50 points to 2,807.50.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average surging 0.36% to 14,578.54, the S&P 500 index rising 0.41% to 1,569.19 and the Nasdaq 100 index gaining 0.34% to 3,267.52.

Data on motor vehicle sales will be released today, while the Markit PMI manufacturing data for March will be released at 8:58 a.m. ET. The ISM manufacturing index for March and construction spending data for February will be released at 10:00 a.m. ET.

Churchill Downs (NASDAQ: CHDN) announced its plans to acquire Oxford Casino in Oxford, Maine, for around $160 million.

AT&T's (NYSE: T) board declared a quarterly dividend of $0.45 per share and authorized the repurchase of up to 300 million shares.

Cal-Maine Foods (NASDAQ: CALM) is projected to report its Q3 earnings at $1.40 per share on revenue of $321.40 million. Multiband (NASDAQ: MBND) is estimated to post its Q4 earnings at $0.04 per share on revenue of $73.87 million.

Shoe Carnival (NASDAQ: SCVL) is projected to post its Q1 earnings at $0.16 per share on revenue of $210.05 million. SORL Auto Parts (NASDAQ: SORL) is estimated to post its Q4 earnings at $0.21 per share on revenue of $48.09 million. Lifeway Foods (NASDAQ: LWAY) is expected to post its Q4 earnings at $0.03 per share on revenue of $19.31 million.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 2.12%, China's Shanghai Composite tumbling 0.09% and India's Sensex surging 0.05%.

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

 

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