US Stock Futures Down After Fed Meeting
US stock futures are lower this morning. Futures for the Dow Jones Industrial Average tumbled 87 points to 14,960.00 and S&P 500 index futures fell 12.20 points to 1,611.50. Nasdaq 100 futures declined 22.75 points to 2,933.50.
US stocks closed lower on Wednesday, with the Dow Jones Industrial Average tumbling 1.35% to 15,112.19, the S&P 500 index dropping 1.39% to 1,628.93 and the Nasdaq 100 index declining 1.12% to 3,443.20.
Data on weekly jobless claims will be released at 8:30 a.m. ET, while the Markit PMI manufacturing index (flash) for June will be released at 8:58 a.m. ET. The Bloomberg Consumer Comfort Index will be released at 9:45 a.m. ET. Data on existing home sales for May, the general conditions index of the Philadelphia Fed Survey for June and the Conference Board's index of leading indicators for May will be released at 10:00 a.m. ET. The EIA weekly report on natural gas stocks will be released at 10:30 a.m. ET, while money supply data will be released at 4:30 p.m. ET.
Red Hat (NYSE: RHT) reported an 8% surge in its net income for its fiscal first quarter.
Finisar (NASDAQ: FNSR) reported upbeat fiscal fourth-quarter earnings and issued strong forecast for the first quarter.
The Kroger Co (NYSE: KR) is estimated to report its Q1 earnings at $0.88 per share on revenue of $30.19 billion. IHS (NYSE: IHS) is expected to report its Q2 earnings at $1.03 per share on revenue of $423.06 million.
Oracle (NASDAQ: ORCL) is projected to post its Q4 earnings at $0.87 per share on revenue of $11.12 billion. Rite Aid (NYSE: RAD) is expected to report its Q1 earnings at $0.09 per share on revenue of $6.27 billion.
Methode Electronics (NYSE: MEI) is projected to report its Q4 earnings at $0.15 per share on revenue of $128.90 million. TIBCO Software (NASDAQ: TIBX) is expected to post its Q2 earnings at $0.18 per share on revenue of $246.55 million.
European markets were lower today. The STOXX Europe 600 Index fell 1.89%, London's FTSE 100 index dropped 2.11%, French CAC 40 Index declined 2.52% and German DAX 30 index dipped 2.26%.
Asian markets ended lower, with Japan's Nikkei Stock Average falling 1.74%, China's Shanghai Composite dropping 2.77% and Australia's ASX/S&P500 falling 2.02%. Hong Kong's Hang Seng Index declined 2.88% and India's Sensex tumbled 2.72%.
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