Market Overview

US Stock Futures Down; Bank of America Earnings In Focus

Related YHOO
Earnings Expectations For The Week Of July 14: Big Banks, Tech Giants And More
Benzinga Weekly Preview: Earnings Season Kicks Into High Gear
Yodle Faces Hurdles in Bid to Conquer Local Ad Market (Fox Business)
Related INTC
Earnings Expectations For The Week Of July 14: Big Banks, Tech Giants And More
Benzinga Weekly Preview: Earnings Season Kicks Into High Gear
Taking the 'Silicon' Out of Silicon Valley (Fox Business)

US stock futures are lower this morning, as investors are awaiting earnings from Bank of America (NYSE: BAC). Futures for the Dow Jones Industrial Average tumbled 64 points to 14,623.00 and S&P 500 index futures fell 8.30 points to 1,560.70. Nasdaq 100 futures dropped 17 points to 2,811.75.

US stocks closed higher on Tuesday, with the Dow Jones Industrial Average surging 1.08% to 14,756.78, the S&P 500 index rising 1.43% to 1,574.57 and the Nasdaq 100 index gaining 1.50% to 3,264.63.

The MBA purchase applications index will be released at 7:00 a.m. ET, while the EIA weekly report on petroleum inventories will be released at 10:30 a.m. ET. The Federal Reserve will release its Beige Book at 2:00 p.m. ET.

Yahoo! (NASDAQ: YHOO) reported a drop in its internet advertising revenue during the first quarter. However, the company's earnings beat estimates.

Intel (NASDAQ: INTC) reported a 27% drop in its first-quarter profit. Its PC sales declined 14% y/y.

Abbott Laboratories (NYSE: ABT) is expected to report its Q1 earnings at $0.41 per share on revenue of $5.42 billion. Mattel (NASDAQ: MAT) is estimated to report its Q1 earnings at $0.09 per share on revenue of $985.79 million. eBay (NASDAQ: EBAY) is expected to post its Q1 earnings at $0.62 per share on revenue of $3.77 billion. Huntington Bancshares (NASDAQ: HBAN) is expected to report its Q1 earnings at $0.16 per share on revenue of $696.15 million.

Bank of America (NYSE: BAC) is projected to report its Q1 earnings at $0.22 per share on revenue of $23.49 billion. Textron (NYSE: TXT) is expected to report its Q1 earnings at $0.46 per share on revenue of $2.89 billion. SanDisk (NASDAQ: SNDK) is projected to post its Q1 earnings at $0.77 per share on revenue of $1.30 billion. ASML Holding NV (NASDAQ: ASML) is estimated to report its Q1 earnings at $0.49 per share on revenue of $1.27 billion.

Quest Diagnostics (NYSE: DGX) is expected to report its Q1 earnings at $1.03 per share on revenue of $1.86 billion. Dover (NYSE: DOV) is projected to report its Q1 earnings at $1.08 per share on revenue of $2.07 billion. St. Jude Medical (NYSE: STJ) is expected to report its Q1 earnings at $0.91 per share on revenue of $1.36 billion. Noble (NYSE: NE) is estimated to post its Q1 earnings at $0.56 per share on revenue of $987.18 million.

European markets were lower today. The STOXX Europe 600 Index fell 0.85%, London's FTSE 100 Index dropped 0.52%, French CAC 40 Index declined 1.06% and German DAX 30 index fell 1.21%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 1.22%, China's Shanghai Composite falling 0.05% and Australia's S&P/ASX 200 gaining 1%. Hong Kong's Hang Seng fell 0.47% and India's Sensex declined 0.07%.

Gold for June delivery dropped 0.25% to trade at $1,384.00 an ounce.

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

 

Most Popular

Related Articles (ASML + ABT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free