Market Overview

US Stock Futures Signal Higher Start On Wall Street

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US stock futures are higher this morning. Futures on the Dow Jones Industrial Average surged 73 points to 10,893.00 and futures on the S&P 500 stock index rose 9.30 points to 1,132.80. Nasdaq 100 futures gained 22.00 points to 2,063.00.

US stocks closed lower on Friday, with the Dow Jones industrial average dropping 1.57% to 10,817.65, the broader Standard & Poor's 500 index dipping 1.50% to 1,123.53 and the NASDAQ composite index declining 1.62% to 2,341.84.

Focus Media Holding Limited (NASDAQ: FMCN) is expected to report its Q2 EPS at $0.37 on revenue of $162.69 million. Suntech Power Holdings Co Ltd (NYSE: STP) is projected to report its Q2 EPS at $0.16 on revenue of $799.73 million.

Navios Maritime Holdings Inc (NYSE: NM) is estimated to report its Q2 earnings at $0.17 per share on revenue of $151.99 million. Perfect World Co Ltd (NASDAQ: PWRD) is projected to report its Q2 EPS at $0.57 on revenue of $107.80 million.

Shares of Hewlett-Packard Company (NYSE: HPQ) dipped 20.03% in regular-trading on Friday after the company lowered its sales forecast and confirmed its plans to buy Autonomy Corp for $42.11 per share.

Asian markets ended mixed, with Japan's Nikkei Stock Average dipping 1.0449%, Australia's S&P/ASX 200 moving down 0.51% and China's Shanghai Composite dropping 0.73%. Hong Kong's Hang Seng Index rose 0.4482% and India's Sensex gained 1.24%.

European markets were higher today. The STOXX Europe 600 Index has gained 1.21%, London's FTSE 100 Index moved up 1.35%, German DAX 30 index rose 0.52% and France CAC 40 index gained 1.67%.

Nymex crude futures gained $0.60 to $82.86 a barrel in electronic trade.

The US dollar gained against most major rivals. The dollar gained 0.07% versus the Japanese yen to trade at 76.81 Japanese yen. The euro gained 0.17% versus the greenback to trade at $1.4407.

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

 

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