A Peek Into The Markets: U.S. Stock Futures Surge Ahead Of Jobless Claims
U.S. stock futures traded higher in early pre-market trade. Data on weekly jobless claims and the Producer Price Index for June will be released at 8:30 a.m. ET. St. Louis Federal Reserve Bank President James Bullard is set to speak in St. Louis at 10:00 a.m. ET, while Atlanta Federal Reserve Bank President Dennis Lockhart is set to speak in Victor, Idaho at 11:15 a.m. ET. Kansas City Federal Reserve Bank President Esther George will speak in Oklahoma City at 1:15 p.m. ET, while Dallas Fed President Robert Kaplan is set to speak in St. Louis at 7:00 p.m. ET.
Futures for the Dow Jones Industrial Average gained 143 points to 18,433.00, while the Standard & Poor’s 500 index futures rose 15.50 points to 2,162.00. Futures for the Nasdaq 100 index gained 29.25 points to 4,590.50.
Oil prices traded lower as Brent crude futures rose 2.29 percent to trade at $47.32 per barrel, while US WTI crude futures also gained 2.10 percent to trade at $45.69 a barrel. The Energy Information Administration’s weekly report on natural gas stocks is scheduled for release at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index gaining 0.41 percent, STOXX Europe 600 Index rising 0.58 percent and German DAX 30 index gaining 0.97 percent. The UK's FTSE index was trading higher by 0.20 percent, while French CAC 40 Index gained 0.69 percent. The Bank of England left its key interest rate unchanged at 0.5 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.95 percent, Hong Kong’s Hang Seng Index rose 1.12 percent, China’s Shanghai Composite Index fell 0.22 percent and India’s BSE Sensex gained 0.46 percent.
Analysts at RBC Capital upgraded Dicks Sporting Goods Inc (NYSE: DKS) from Sector Perform to Outperform..
Dick's Sporting shares fell 0.14 percent to close at $48.68 on Wednesday.
- JPMorgan Chase & Co. (NYSE: JPM) net income fell by 1 percent on a year-over-year basis, but it topped analysts' estimations convincingly by $0.12 a share. To read the full news, click here.
- Yum! Brands, Inc. (NYSE: YUM) reported better-than-expected Q2 earnings and raised its full-year core operating profit growth guidance.
- CSX Corporation (NASDAQ: CSX) posted upbeat earnings for its second quarter on Wednesday. However, the company projected a drop in its FY2016 earnings.
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