Market Overview

US Stock Futures Up; Existing Home Sales Data, Earnings In Focus

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US stock futures are slightly higher this morning, as investors are awaiting existing home sales data. Futures for the Dow Jones Industrial Average surged 11 points to 15,517.00 and S&P 500 index futures rose 2.20 points to 1,691.70. Nasdaq 100 futures gained 7.25 points to 3,048.00.

US stocks closed mostly lower on Friday, with the Dow Jones Industrial Average dropping 0.03% to 15,543.74, the S&P 500 index rising 0.16% to 1,692.09 and the Nasdaq 100 index falling 0.66% to 3,587.61.

The Chicago Fed National Activity Index for June will be released at 8:30 a.m. ET, while existing home sales data for June will be released at 10:00 a.m. ET.

McDonald's (NYSE: MCD) is expected to report its Q2 earnings at $1.40 per share on revenue of $7.09 billion. Gannett Co (NYSE: GCI) is estimated to report its Q2 earnings at $0.58 per share on revenue of $1.33 billion. Halliburton Company (NYSE: HAL) is projected to report its Q2 earnings at $0.72 per share on revenue of $7.25 billion. Kimberly-Clark (NYSE: KMB) is estimated to report its Q2 earnings at $1.39 per share on revenue of $5.34 billion.

Netflix (NASDAQ: NFLX) is expected to post its Q2 earnings at $0.40 per share on revenue of $1.07 billion. Texas Instruments (NASDAQ: TXN) is projected to post its Q2 earnings at $0.41 per share on revenue of $3.06 billion. RPM International (NYSE: RPM) is projected to report its Q4 earnings at $0.67 per share on revenue of $1.18 billion.

W.R. Berkley (NYSE: WRB) is projected to post its Q2 earnings at $0.68 per share on revenue of $1.56 billion. Zions Bancorp (NASDAQ: ZION) is expected to post its Q2 earnings at $0.41 per share on revenue of $552.38 million. Crane Co (NYSE: CR) is expected to post its Q2 earnings at $1.04 per share on revenue of $664.47 million. Lennox International (NYSE: LII) is projected to report its Q2 earnings at $1.19 per share on revenue of $886.03 million.

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.18%, London's FTSE 100 index dropped 0.05%, French CAC 40 Index gained 0.35% and German DAX 30 index rose 0.30%.

Asian markets ended higher, with Japan's Nikkei Stock Average gaining 0.47%, China's Shanghai Composite surging 0.61% and Australia's ASX/S&P500 rising 0.59%. Hong Kong's Heng Seng Index rose 0.25% and India's Sensex gained 0.08%.

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

 

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