Market Overview

US Stock Futures Signal Lower Start On Wall Street

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US stock futures are lower this morning. Futures for the Dow Jones Industrial Average tumbled 85 points to 14,626.00 and S&P 500 index futures fell 9.80 points to 1,574.30. Nasdaq 100 futures dropped 10.50 points to 2,854.50.

US stocks closed mostly higher on Friday, with the Dow Jones Industrial Average gaining 0.28% to 14,799.40, the S&P 500 index rising 0.27% to 1,592.43 and the Nasdaq 100 index declining 0.22% to 3,357.25.

The Chicago Fed National Activity Index for May will be released at 8:30 a.m. ET, while the Dallas Fed general business activity index for June will be released at 10:30 a.m. ET.

Mitel Networks (NASDAQ: MITL) is expected to post its Q4 earnings at $0.24 per share on revenue of $145.71 million.

Sonic (NASDAQ: SONC) is projected to post its Q3 earnings at $0.26 per share on revenue of $147.54 million.

European markets were lower today. The STOXX Europe 600 Index tumbled 1.09%, London's FTSE 100 index dropped 0.62%, French CAC 40 Index declined 0.69% and German DAX 30 index fell 0.05%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 1.26%, China's Shanghai Composite dropping 5.30% and Australia's ASX/S&P500 falling 1.54%. Hong Kong's Hang Seng Index declined 2.22% and India's Sensex tumbled 1.28%.

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

 

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