Market Overview

US Stock Futures Slightly Higher Ahead Of Jobless Claims Data


US stock futures are slightly higher this morning, as investors are awaiting jobless claims data. Futures for the Dow Jones Industrial Average gained 16 points to 12,445.00 and S&P 500 index futures rose 2.10 points to 1,310.90. Nasdaq 100 futures gained 2 points to 2,524.50.

US stocks closed lower on Wednesday, with the Dow Jones Industrial Average dropping 0.62% to 12,496.38, the S&P 500 index declining 0.70% to 1,314.88 and the Nasdaq 100 index falling 0.86% to 2,818.61.

Data on weekly jobless claims and consumer prices for May will be released at 8:30 a.m. ET.

The Kroger Co (NYSE: KR) is projected to post its Q1 earnings at $0.73 per share on revenue of $29.13 billion. Pier 1 Imports Inc (NYSE: PIR) is estimated to post its Q1 EPS at $0.16 on revenue of $360.01 million.

Winnebago Industries Inc (NYSE: WGO) is projected to report its Q3 EPS at $0.12 on revenue of $164.69 million. Smithfield Foods Inc (NYSE: SFD) is estimated to post its Q4 earnings at $0.53 per share on revenue of $3.26 billion.

School Specialty Inc (NASDAQ: SCHS) is projected to post a Q4 loss at $0.91 per share on revenue of $117.40 million.

C.R. Bard Inc (NYSE: BCR) lifted its quarterly dividend to $0.20 per share from $0.19 per share. The company also announced its plans to buy back up to $500 million in stock.

Shares of Nokia Corp (NYSE: NOK) dipped about 9.3% in pre-market trading after the company announced its plans to cut 10,000 jobs and shut plants by the end of 2013.

Moody's Investors Service lowered Spain's debt rating by three notches.

European markets were lower today. The STOXX Europe 600 Index fell 1.12%, London's FTSE 100 Index dropped 0.95%, French CAC 40 index fell 0.73% and German DAX 30 index declined 1.10%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.22%, Chinese Shanghai Composite dropping 0.99% and Australia's S&P/ASX 200 dropping 0.53%. Hong Kong's Hang Seng index declined 1.15% and India's Sensex tumbled 1.23%.

Crude oil for July delivery declined $0.18 to $82.45 a barrel. However, gold for August delivery dropped $0.50 to $1,618.90 an ounce.

The euro gained 0.19% against the US dollar to trade at $1.2581.

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


Related Articles (BCR + KR)

View Comments and Join the Discussion!

Lattice Semiconductor Lowers Q2 Revenue Forecast

European morning wrap: Euro steady as we close in on Greek election