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US Stock Futures Up Ahead Of Economic Data

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US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 25 points to 14,849.00 and S&P 500 index futures rose 2.80 points to 1,598.30. Nasdaq 100 futures gained 5.25 points to 2,888.75.

US stocks closed higher on Wednesday, with the Dow Jones Industrial Average surging 1.02% to 14,910.14, the S&P 500 index gaining 0.96% to 1,603.26 and the Nasdaq 100 index rising 0.85% to 3,376.22.

Data on weekly jobless claims, and personal income and outlays will be released at 8:30 a.m. ET. The Bloomberg Consumer Comfort Index will be released at 9:45 a.m. ET, while the pending home sales index 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 the Kansas City Fed manufacturing index for June will be released at 11:00 a.m. ET.

Progress Software (NASDAQ: PRGS) reported upbeat fiscal second-quarter results and announced its plans to repurchase an additional $100 million of its common stock by December 31, 2013.

Paychex (NASDAQ: PAYX) reported weak fourth-quarter profit.

Commercial Metals Company (NYSE: CMC) is expected to report its Q3 earnings at $0.18 per share on revenue of $1.93 billion. McCormick & Company (NYSE: MKC) is projected to report its Q2 earnings at $0.61 per share on revenue of $1.01 billion. ConAgra Foods (NYSE: CAG) is estimated to report its Q4 earnings at $0.59 per share on revenue of $4.60 billion.

KB Home (NYSE: KBH) is projected to report a Q2 loss at $0.07 per share on revenue of $450.80 million. Accenture plc (NYSE: ACN) is estimated to post its Q3 earnings at $1.13 per share on revenue of $7.42 billion. Shaw Communications (NYSE: SJR) is expected to report its Q3 earnings at $0.44 per share on revenue of $1.31 billion.

Worthington Industries (NYSE: WOR) is projected to report its Q4 earnings at $0.65 per share on revenue of $699.55 million. Nike (NYSE: NKE) is expected to post its Q4 earnings at $0.74 per share on revenue of $6.64 billion.

European markets were mixed today. The STOXX Europe 600 Index declined 0.11%, London's FTSE 100 index gained 0.35%, French CAC 40 Index dropped 0.13% and German DAX 30 index rose 0.03%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average jumping 2.96%, China's Shanghai Composite dropping 0.08% and Australia's ASX/S&P500 rising 1.64%. Hong Kong's Hang Seng Index gained 0.50% and India's Sensex surged 1.75%.

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

 

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