Market Overview

US Stock Futures Up Ahead Of Consumer Data

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US stock futures are higher this morning, as investors are awaiting consumer data. Futures for the Dow Jones Industrial Average surged 46 points to 14,982.00 and S&P 500 index futures rose 5.80 points to 1,612.40. Nasdaq 100 futures gained 10 points to 2,909.50.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average surging 0.77% to 15,024.49, the S&P 500 index gaining 0.62% to 1,613.20 and the Nasdaq 100 index rising 0.76% to 3,401.86.

The Chicago PMI for June will be released at 9:45 a.m. ET, while the Reuter's/University of Michigan's consumer sentiment index for June will be released at9:55 a.m. ET.

Nike (NYSE: NKE) reported upbeat fiscal fourth-quarter results. The company's revenue in North American market climbed 12%, while revenue in China was flat versus the year-earlier period.

Adobe Systems (NASDAQ: ADBE) announced its plans to acquire privately-held Neolane for around $600 million in cash.

Accenture PLC (NYSE: ACN) reported a rise in its fiscal third-quarter net income. However, the company lowered its forecast for the fiscal year.

BlackBerry (NASDAQ: BBRY) is estimated to report its Q1 earnings at $0.04 per share. Finish Line (NASDAQ: FINL) is projected to report its Q1 earnings at $0.16 per share on revenue of $344.22 million.

AZZ (NYSE: AZZ) is expected to report its Q1 earnings at $0.63 per share on revenue of $197.08 million.

European markets were mostly lower today. The STOXX Europe 600 Index declined 0.15%, London's FTSE 100 index gained 0.11%, French CAC 40 Index dropped 0.51% and German DAX 30 index fell 0.10%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average jumping 3.51%, China's Shanghai Composite surging 1.50% and Australia's ASX/S&P500 falling 0.20%. Hong Kong's Hang Seng Index gained 1.78% and India's Sensex surged 2.52%.

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

 

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