US Stock Futures Up Ahead Of GDP Data
US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 41 points to 14,731.00 and S&P 500 index futures rose 5.30 points to 1,586.70. Nasdaq 100 futures gained 13.50 points to 2,871.75.
US stocks closed higher on Tuesday, with the Dow Jones Industrial Average surging 0.69% to 14,760.31, the S&P 500 index gaining 0.95% to 1,588.03 and the Nasdaq 100 index rising 0.82% to 3,347.89.
The MBA purchase applications index will be released at 7:00 a.m. ET. Data on Q1 GDP growth and corporate profits will be released at 8:30 a.m. ET.
Apollo Group (NASDAQ: APOL) reported a 40% drop in its third-quarter earnings. However, the company's revenue missed analysts' estimates.
Mistras Group (NYSE: MG) lowered its profit forecast for the year.
General Mills (NYSE: GIS) is expected to report its Q4 earnings at $0.53 per share on revenue of $4.32 billion. Lindsay (NYSE: LNN) is estimated to report its Q3 earnings at $1.80 per share on revenue of $208.11 million. Monsanto Company (NYSE: MON) is projected to report its Q3 earnings at $1.60 per share on revenue of $4.41 billion.
Paychex (NASDAQ: PAYX) is expected to post its Q4 earnings at $0.38 per share on revenue of $585.96 million. Bed Bath & Beyond (NASDAQ: BBBY) is estimated to post its Q1 earnings at $0.93 per share on revenue of $2.60 billion. Progress Software (NASDAQ: PRGS) is projected to post its Q2 earnings at $0.22 per share on revenue of $79.0 million.
Herman Miller (NASDAQ: MLHR) is estimated to post its Q4 earnings at $0.36 per share on revenue of $440.20 million. HB Fuller Co (NYSE: FUL) is projected to post its Q2 earnings at $0.70 per share on revenue of $545.72 million.
European markets were higher today. The STOXX Europe 600 Index surged 1.40%, London's FTSE 100 index gained 0.95%, French CAC 40 Index climbed 1.71% and German DAX 30 index rose 1.29%.
Asian markets ended mixed, with Japan's Nikkei Stock Average falling 1.04%, China's Shanghai Composite dropping 0.41% and Australia's ASX/S&P500 rising 1.60%. Hong Kong's Hang Seng Index gained 2.43% and India's Sensex dropped 0.48%.
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