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US Stock Futures Up Ahead Of Fed Meeting

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US Stock Futures Surge Ahead Of Earnings

US stock futures are slightly higher this morning. Futures for the Dow Jones Industrial Average surged 13 points to 15,496.00 and S&P 500 index futures rose 1.30 points to 1,683.80. Nasdaq 100 futures gained 5.75 points to 3,071.25.

US stocks closed lower on Monday, with the Dow Jones Industrial Average dropping 0.24% to 15,521.97, the S&P 500 index falling 0.37% to 1,685.33 and the Nasdaq 100 index declining 0.39% to 3,599.14.

The Federal Reserve will begin its two-day meeting today. 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. The S&P/Case-Shiller home price index for May will be released at 9:00 a.m. ET. The Conference Board's consumer confidence index for July and the State Street Investor Confidence Index for July will be released at 10:00 a.m. ET.

Herbalife (NYSE: HLF) reported an 8.5% rise in its second-quarter profit and lifted its full-year forecast.

R.R. Donnelley & Sons Co (NASDAQ: RRD) reported better-than-expected second-quarter earnings.

Corning (NYSE: GLW) is estimated to report its Q2 earnings at $0.31 per share on revenue of $1.97 billion. Pfizer (NYSE: PFE) is expected to report its Q2 earnings at $0.55 per share on revenue of $13.02 billion. Coach (NYSE: COH) is projected to report its Q4 earnings at $0.89 per share on revenue of $1.24 billion. Discovery Communications (NASDAQ: DISCA) is expected to report its Q2 earnings at $0.90 per share on revenue of $1.48 billion.

JetBlue Airways (NASDAQ: JBLU) is estimated to report its Q2 earnings at $0.14 per share on revenue of $1.35 billion. Fresh Del Monte Produce (NYSE: FDP) is projected to report its Q2 earnings at $0.81 per share on revenue of $955.55 million. Westlake Chemical (NYSE: WLK) is expected to report its Q2 earnings at $1.94 per share on revenue of $947.99 million. Sprint (NYSE: S) is expected to post a Q2 loss at $0.33 per share.

Public Service Enterprise Group (NYSE: PEG) is projected to report its Q2 earnings at $0.45 per share on revenue of $2.28 billion. Rockwell Automation (NYSE: ROK) is estimated to report its Q3 earnings at $1.39 per share on revenue of $1.60 billion. Merck & Co (NYSE: MRK) is projected to report its Q2 earnings at $0.83 per share on revenue of $11.22 billion. Goodyear Tire & Rubber Co (NASDAQ: GT) is expected to report its Q2 earnings at $0.48 per share on revenue of $4.88 billion.

European markets were mostly higher today. The STOXX Europe 600 Index fell 0.01%, London's FTSE 100 index gained 0.26%, French CAC 40 Index surged 0.05% and German DAX 30 index rose 0.21%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 1.53%, China's Shanghai Composite gaining 0.70% and Australia's ASX/S&P500 falling 0.03%. Hong Kong's Heng Seng Index surged 0.48% and India's Sensex tumbled 1.22%.

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

 

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