Market Overview

US Stock Futures Higher On Upbeat Alcoa Earnings

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US stock futures are higher this morning, after Alcoa (NYSE: AA) reported upbeat quarterly earnings. Futures for the Dow Jones Industrial Average jumped 60 points to 15,220.00 and S&P 500 index futures rose 7.30 points to 1,642.80. Nasdaq 100 futures gained 13.25 points to 2,972.00.

US stocks closed higher on Monday, with the Dow Jones Industrial Average surging 0.59% to 15,224.69, the S&P 500 index rising 0.53% to 1,640.46 and the Nasdaq 100 index gaining 0.16% to 3,484.83.

The NFIB Small Business Optimism Index for June will be released at 7:30 a.m. ET. The ICSC-Goldman Sachs store sales index will be released at 7:45 a.m. ET, while the Johnson Redbook Retail Sales Index will be released at 8:55 a.m. ET.

Alcoa reported a better-than-expected second-quarter profit.

WD-40 Co (NASDAQ: WDFC) reported a 12% rise in its net income for the fiscal third quarter.

Intuitive Surgical (NASDAQ: ISRG) issued downbeat second-quarter revenue forecast.

Hi-Tech Pharmacal Co (NASDAQ: HITK) is expected to report its Q4 earnings at $0.63 per share on revenue of $66.33 million. Wolverine World Wide (NYSE: WWW) is projected to report its Q2 earnings at $0.34 per share on revenue of $591.03 million.

Franklin Covey Co (NYSE: FC) is expected to post its Q3 earnings at $0.12 per share on revenue of $43.28 million. Helen of Troy (NASDAQ: HELE) is projected to post its Q4 earnings at $0.71 per share on revenue of $301.50 million.

European markets were higher today. The STOXX Europe 600 Index rose 0.83%, London's FTSE 100 index gained 1.06%, French CAC 40 Index climbed 0.79% and German DAX 30 index rose 1.13%.

Asian markets ended higher, with Japan's Nikkei Stock Average gaining 2.58%, China's Shanghai Composite surging 0.37% and Australia's ASX/S&P500 rising 1.44%. Hong Kong's Heng Seng Index gained 0.49% and India's Sensex jumped 0.64%.

China's consumer price index rose 2.7% y/y in June, versus a 2.1% gain in May.

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

 

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