Market Overview

US Stock Futures Up; Gold Futures Rise

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US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 81 points to 14,782.00 and S&P 500 index futures rose 10.80 points to 1,594.70. Nasdaq 100 futures gained 17.75 points to 2,897.75.

US stocks closed lower on Thursday, with the Dow Jones Industrial Average tumbling 2.34% to 14,758.32, the S&P 500 index dropping 2.50% to 1,588.19 and the Nasdaq 100 index declining 2.28% to 3,364.63.

Tibco Software (NASDAQ: TIBX) reported a decline in its fiscal second-quarter profit.

Oracle (NASDAQ: ORCL) reported downbeat fiscal fourth-quarter revenue.

CarMax (NYSE: KMX) is expected to report its Q1 earnings at $0.58 per share on revenue of $3.15 billion.

Darden Restaurants (NYSE: DRI) is projected to report its Q4 earnings at $1.04 per share on revenue of $2.27 billion.

American Software (NASDAQ: AMSWA) reported a 12% drop in its fiscal fourth-quarter net income.

European markets were higher today. The STOXX Europe 600 Index surged 0.72%, London's FTSE 100 index gained 0.83%, French CAC 40 Index climbed 0.93% and German DAX 30 index rose 0.35%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 1.66%, China's Shanghai Composite dropping 0.52% and Australia's ASX/S&P500 falling 0.42%. Hong Kong's Hang Seng Index declined 0.59% and India's Sensex gained 0.34%.

Gold for August delivery gained 0.43% to trade at $1,291.70 an ounce.

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

 

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