US Stock Futures Mixed; All Eyes On Apple

US stock futures are mixed this morning, as investors are awaiting the start of Apple Inc's

annual developers conference. Futures on the Dow Jones Industrial Average dropped 8 points to 12,117.00 and futures on the S&P 500 stock index fell 0.40 point to 1,295.90. Nasdaq 100 futures gained 0.75 point to 2,288.25. US stocks closed lower on Friday, with the Dow Jones industrial average dipping 0.79% to 12,151.26, the broader Standard & Poor's 500 index dropping 0.97% to 1,300.16 and the NASDAQ composite index declining 1.46% to 2,732.78. G-III Apparel Group Ltd

is estimated to post its Q1 EPS at $0.04 on revenue of $195.36 million. Apple Inc will start its annual developers conference Monday. Apple reported that the keynote will feature CEO Steve Jobs, with the focus to be on the new, cloud-based music and data service known as iCloud. The Wall Street Journal reported that the US Justice Department is examining likely bidders for Nortel Networks Corp

patents to stay ahead of any anti-competitive ramifications. The US Justice Department's antitrust unit antitrust unit is reviewing Google's

$900 million opening bid. Most Asian markets ended lower, with Japan's Nikkei Stock Average dipping 1.18%, Australia's S&P/ASX 200 moving down 0.38%. India's Sensex gained 0.30%. European markets were lower today. The STOXX Europe 600 Index has dropped 0.38%, London's FTSE 100 Index moved down 0.03%. Crude oil for July delivery declined $1.02 to $99.20 a barrel. However, gold for August delivery gained $2.50 to $1,544.90 an ounce. The dollar index (DXY) gained 0.1% to 73.810. Read more