Market Overview

US Stock Futures Flat Ahead Of Economic Data

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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 dropped 0.01% to 15,184 and S&P 500 index futures fell 0.11% to 1,629.10. Nasdaq 100 futures rose 0.03% to 2,963.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average surging 1.21% to 15,176.08, the S&P 500 index rising 1.48% to 1,636.36 and the Nasdaq 100 index gaining 1.32% to 3,445.37.

The producer price index for May and current account data for the first quarter will be released at 8:30 a.m. ET. Data on industrial production for May will be released at 9:15 a.m. ET, while the Reuter's/University of Michigan's consumer sentiment index for June will be released at 9:55 a.m. ET.

Restoration Hardware Holdings (NYSE: RH) reported upbeat first-quarter results and lifted its fiscal year forecast.

Smith & Wesson (NASDAQ: SWHC) issued upbeat Q4 forecast. The company also announced its plans to repurchase up to $100 million of its shares.

American Superconductor (NASDAQ: AMSC) is expected to post a Q4 loss at $0.21 per share on revenue of $18.80 million. NGL Energy Partners LP (NYSE: NGL) is projected to report its Q4 earnings at $1.03 per share on revenue of $1.76 billion.

Smithfield Foods (NYSE: SFD) is expected to report its Q4 earnings at $0.43 per share on revenue of $3.27 billion. Motorcar Parts of America (NASDAQ: MPAA) is estimated to post a Q4 loss at $0.03 per share on revenue of $82.74 million.

European markets were higher today. The STOXX Europe 600 Index climbed 0.28%, London's FTSE 100 index gained 0.38%, French CAC 40 Index climbed 0.22% and German DAX 30 index rose 0.59%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 1.94%, China's Shanghai Composite gaining 0.64% and Australia's ASX/S&P500 surging 1.93%. Hong Kong's Hang Seng Index rose 0.39% and India's Sensex jumped 1.85%.

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

 

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