A Peek Into The Markets: U.S. Stock Futures Rise Ahead Of New-Home Sales Report
U.S. stock futures traded higher in early pre-market trade. Data on new home sales for July and the Richmond Fed's manufacturing index for August will be released at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average gained 47 points to 18,566.00, while the Standard & Poor’s 500 index futures rose 5.25 points to 2,186.75. Futures for the Nasdaq 100 index climbed 13.25 points to 4,825.00.
Oil prices traded lower as Brent crude futures declined 0.78 percent to trade at $49.34 per barrel, while US WTI crude futures also fell 0.85 percent to trade at $48.74 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index surging 1.06 percent, STOXX Europe 600 Index rising 0.67 percent and German DAX 30 index gaining 0.65 percent. The UK's FTSE index was trading higher by 0.54 percent, while French CAC 40 Index climbed 0.62 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.61 percent, Hong Kong’s Hang Seng Index gained around 0.01 percent, China’s Shanghai Composite Index rose 0.16 percent and India’s BSE Sensex rose 0.02 percent.
Analysts at Macquarie downgraded CST Brands Inc (NYSE: CST) from Outperform to Neutral.
CST Brands shares fell 0.13 percent to close at $47.45 on Monday.
- Best Buy Co Inc (NYSE: BBY) reported stronger-than-expected results for its second quarter on Tuesday. To read the full news, click here.
- J M Smucker Co (NYSE: SJM) reported better-than-expected first-quarter earnings, but revenue fell short of estimates. The company maintained its adjusted EPS forecast for the full year. To read the full news, click here.
- Toll Brothers Inc (NYSE: TOL) reported in-line earnings for its third quarter, while sales exceeded analysts’ estimates.
- Zoe's Kitchen Inc (NYSE: ZOES) reported in-line earnings for the second quarter, but revenue missed analysts’ estimates. The company also trimmed its 2016 revenue outlook. To read the full news, click here.
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