Market Overview

US Stock Futures Edge Lower Ahead Of JPMorgan Earnings, Consumer Sentiment Report

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US stock futures are slightly lower this morning. Futures for the Dow Jones Industrial Average dropped 6 points to 15,387.00 and S&P 500 index futures fell 1.10 points to 1,669.00. Nasdaq 100 futures declined 1.75 points to 3,053.25.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average jumping 1.11% to 15,460.92, the S&P 500 index rising 1.36% to 1,675.02 and the Nasdaq 100 index gaining 1.63% to 3,578.30.

The producer price index for June will be released at 8:30 a.m. ET, while the Reuter's/University of Michigan's consumer sentiment index for July will be released at 9:55 a.m. ET.

Gap (NYSE: GPS) reported upbeat same-store sales for June.

AngioDynamics (NASDAQ: ANGO) reported its adjusted earnings of $0.07 per share on revenue of $90 million in the fiscal fourth quarter. However, analysts were projecting earnings of $0.07 per share on revenue of $86.6 million.

JPMorgan Chase & Co (NYSE: JPM) is expected to report its Q2 earnings at $1.44 per share on revenue of $24.84 billion. Webster Financial (NYSE: WBS) is projected to report its Q2 earnings at $0.48 per share on revenue of $147.63 million.

Wells Fargo & Company (NYSE: WFC) is expected to report its Q2 earnings at $0.93 per share on revenue of $21.21 billion.

European markets were higher today. The STOXX Europe 600 Index surged 0.34%, London's FTSE 100 index gained 0.35%, French CAC 40 Index climbed 0.35% and German DAX 30 index rose 0.78%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average gaining 0.23%, China's Shanghai Composite dropping 1.62% and Australia's ASX/S&P500 rising 0.21%. Hong Kong's Heng Seng Index declined 0.75% and India's Sensex rose 1.54%.

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

 

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