US Stock Futures Slightly Lower Ahead Of CPI


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US stock futures are slightly lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 2 points to 14,450.00 and S&P 500 index futures fell 1.80 points to 1,554.60. Nasdaq 100 futures declined 1.25 points to 2,799.00.US stocks closed higher on Thursday, with the Dow Jones Industrial Average gaining 0.58% to 14,539.14, the S&P 500 index rising 0.56% to 1,563.23 and the Nasdaq 100 index surging 0.43% to 3,258.93. The consumer price index for February and the Empire State manufacturing index for March will be released at 8:30 a.m. ET. Data on industrial production for February will be released at 9:15 a.m. ET, while the Reuter's/University of Michigan's consumer sentiment index for March will be released at 9:55 a.m. ET.Krispy Kreme Doughnuts (NYSE: KKD) reported a drop in its fiscal fourth-quarter net income and issued a weak full-year view. JPMorgan Chase & Co (NYSE: JPM) announced its plan to buy back $6 billion in stock and lift its second-quarter dividend to $0.38 per share from $0.30 per share. Aeropostale (NYSE: ARO) swung to a loss in the fiscal fourth quarter and issued downbeat forecast for the current quarter. Brown Shoe Co (NYSE: BWS) is estimated to report its Q4 earnings at $0.08 per share on revenue of $634.33 million. Hibbett Sports (NASDAQ: HIBB) is expected to report its Q4 earnings at $0.71 per share on revenue of $216.90 million.Zhongpin (NASDAQ: HOGS) is expected to post its Q4 earnings at $0.31 per share on revenue of $419.45 million. Federal Signal (NYSE: FSS) is expected to report its Q4 earnings at $0.11 per share on revenue of $208.35 million. Zogenix (NASDAQ: ZGNX) is projected post a Q4 loss at $0.17 per share on revenue of $9.87 million.European markets were lower today. The STOXX Europe 600 Index fell 0.10%, London's FTSE 100 Index dropped 0.16%, French CAC 40 Index fell 0.48% and German DAX 30 index declined 0.18%.Asian markets ended mixed, with Japan's Nikkei Stock Average gaining 1.45%, China's Shanghai Composite rising 0.36% and Australia's S&P/ASX 200 rising 1.70%. Hong Kong's Hang Seng Index dropped 0.38% and India's Sensex tumbled 0.71%.Gold futures rose 0.06% to trade at $1,591.70 an ounce.The ICE dollar index fell 0.26% to trade at 82.36.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsFuturesGlobalPre-Market OutlookMarketsUS Stock Futures