Market Overview

US Stock Futures Up Ahead Of Factory Orders Data

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US stock futures are higher this morning, as investors are awaiting factory orders data. Futures for the Dow Jones Industrial Average surged 57 points to 14,543.00 and S&P 500 index futures rose 4.80 points to 1,561.50. Nasdaq 100 futures gained 14.25 points to 2,804.00.

US stocks closed lower on Monday, with the Dow Jones Industrial Average dropping 0.04% to 14,572.85, the S&P 500 index falling 0.45% to 1,562.17 and the Nasdaq 100 index dipping 0.87% to 3,239.17.

Data on auto sales will be released today. The ICSC-Goldman store sales index will be released at 7:45 a.m. ET, while the Johnson Redbook Retail Sales Index will be released at 8:55 a.m. ET. Data on factory orders for February will be released at 10:00 a.m. ET.

McCormick & Company (NYSE: MKC) is projected to report its Q1 earnings at $0.56 per share on revenue of $922.66 million. G-III Apparel Group (NASDAQ: GIII) is estimated to post its Q4 earnings at $0.40 per share on revenue of $360.21 million.

Team (NYSE: TISI) is expected to post its Q3 earnings at $0.03 per share on revenue of $152.30 million. Global Payments (NYSE: GPN) is projected to post its Q3 earnings at $0.89 per share on revenue of $580.28 million. magicJack VocalTec (NASDAQ: CALL) is estimated to post its Q4 earnings at $0.51 per share on revenue of $39.01 million.

Shoe Carnival (NASDAQ: SCVL) reported a 2% drop in its fiscal fourth-quarter earnings and issued downbeat forecast for the current quarter.

Lifeway Foods (NASDAQ: LWAY) swung to fourth-quarter net income of $1.1 million, or $0.07 per share, versus a year-ago net loss of $0.4 million, or $0.02 per share.

European markets were higher today. The STOXX Europe 600 Index rose 0.71%, London's FTSE 100 Index gained 0.98%, French CAC 40 Index climbed 0.97% and German DAX 30 index rose 0.78%.

Asian markets ended mixed, with Japan's Nikkei Stock Average falling 1.08%, China's Shanghai Composite tumbling 0.30% and Australia's S&P/ASX 200 rising 0.31%. Hong Kong's Hang Seng gained 0.31% and India's Sensex surged 0.93%.

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

 

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