Market Overview

US Stock Futures Down; Payrolls Data In Focus

Share:

US stock futures are lower this morning, as investors are awaiting employment data. Futures for the Dow Jones Industrial Average dipped 46 points to 11,325.00 and S&P 500 index futures fell 3.60 points to 1,195.10. Nasdaq 100 futures dropped 7.00 points to 2,202.50.

US stocks closed lower on Thursday, with the Dow Jones Industrial Average dropping 4.31% to 11,383.68, the S&P 500 index declining 4.78% to 1,200.07 and the Nasdaq 100 index dipping 5.08% to 2,556.39.

The Labor Department is scheduled to release the July employment data at 8:30 a.m. ET.

Procter & Gamble Company (The) (NYSE: PG) is projected to report its FQ4 earnings at 0.82 per share on revenue of $20.63 billion. Weight Watchers International Inc (NYSE: WTW) is expected to report its Q2 EPS at $1.12 on revenue of $470.16 million.

The AES Corporation (NYSE: AES) is estimated to report its Q2 EPS at $0.27 on revenue of $3.58 billion. Viacom Inc (NYSE: VIA) is projected to report its FQ3 EPS at $0.86 on revenue of $3.52 billion. Arch Chemicals Inc (NYSE: ARJ) is expected to report its Q2 EPS at $1.82 on revenue of $459.40 million.

Cinemark Holdings Inc (NYSE: CNK) is estimated to report its Q2 EPS at $0.39 on revenue of $593.55 million. Washington Post Company (The) (NYSE: WPO) is estimated to report its quarterly EPS at $5.87 on revenue of $1.09 billion. Windstream Corporation (NASDAQ: WIN) is estimated to report its Q2 EPS at $0.19 on revenue of $1.02 billion.

Priceline.com (NASDAQ: PCLN) reported its Q2 profit at $256.4 million, or $5.02 per share, up from $115 million, or $2.26 per share, in the year-ago period. Its revenue surged to $1.1 billion, from $767.4 million. Excluding items, Priceline earnings came in at $5.49 per share. However, analysts were expecting a profit of $4.85 per share on revenue of $1.08 billion.

LinkedIn Corp (NYSE: LNKD) reported its Q2 profit at $4.51 million, or $0.04 per share, up from $938,000, or $0.02 per share, in the year-ago period. Its revenue jumped to $121 million. However, analysts were expecting a loss of $0.04 per share on revenue of $104.5 million.

European markets were lower today. The STOXX Europe 600 Index dropped 1.86%, London's FTSE 100 Index moved down 2.11%, French CAC 40 index fell 1.11% and German DAX 30 index dropped 2.45%.

Asian markets ended lower, with Japan's Nikkei Stock Average dipping 3.7198%, Australia's S&P/ASX 200 moving down 4.21% and China's Shanghai Composite declining 2.15%. Hong Kong's Hang Seng Index fell 4.2888% and India's Sensex dipped 2.30%.

Nymex crude oil futures dropped 0.38% to $86.30 a barrel in electronic trading. However, gold futures gained$9.60 to trade at $1,668.60 an ounce.

The dollar declined 0.46% against the Japanese yen to trade at ¥78.51. The euro gained 0.41% versus the dollar to trade at $1.4151.

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

 

Related Articles (AES + ARJ)

View Comments and Join the Discussion!

Piper Jaffray Lowers PT On HeartWare Int'l To $64

Euro Edges Higher against U.S. Dollar despite Mounting Concerns over Debt in Italy