Market Overview

US Stock Futures Up; Fed Meeting In Focus

Related BKS
Mid-Morning Market Update: Markets Mostly Higher; General Motors Earnings Top Views
Activist Investor Urges Barnes & Noble To Sell, Argues $1 Billion Price Tag A 'Rounding Error' For Potential Buyers
Related ADBE
Adobe Is Killing Flash
Jim Cramer Weighs In On Adobe, Blackberry, Energizer, Weight Watchers And More
Russell Investments Group, Ltd. Buys Adobe Systems Inc, SPDR Select Sector Fund - Financial, ... (GuruFocus)

US stock futures are slightly higher this morning. Futures for the Dow Jones Industrial Average surged 20 points to 12,706.00 and S&P 500 index futures rose 2.30 points to 1,343.20. Nasdaq 100 futures gained 9.25 points to 2,596.75.

US stocks closed mixed on Monday, with the Dow Jones Industrial Average dropping 0.20% to 12,741.82, the S&P 500 index surging 0.14% to 1,344.78 and the Nasdaq 100 index gaining 0.78% to 2,895.33.

Data on housing starts for May will be released at 8:30 a.m. ET. Federal Reserve policy makers will start a 2-day meeting today.

Barnes & Noble (NYSE: BKS) is projected to post a Q4 loss at $0.93 per share on revenue of $1.48 billion. Adobe Systems (NASDAQ: ADBE) is expected to post its Q2 earnings at $0.59 per share on revenue of $1.11 billion.

Discover Financial Services (NYSE: DFS) is estimated to post its Q2 EPS at $0.99 on revenue of $1.86 billion. FedEx (NYSE: FDX) is expected to post its Q4 EPS at $1.94 on revenue of $11.13 billion.

Jabil Circuit (NYSE: JBL) is expected to post its Q3 EPS at $0.64 on revenue of $4.29 billion. Jefferies Group (NYSE: JEF) is estimated to post its Q2 EPS at $0.28 on revenue of $681.33 million.

Oracle (NASDAQ: ORCL) reported better-than-expected fiscal fourth-quarter earnings.

IHS (NYSE: IHS) reported a rise in its fiscal second-quarter net income and lifted its full-year earnings forecast.

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.39%, London's FTSE 100 Index gained 0.91%, French CAC 40 index fell 0.13% and German DAX 30 index surged 0.46%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 0.75%, Chinese Shanghai Composite falling 0.66% and Australia's S&P/ASX 200 dropping 0.39%. Hong Kong's Hang Seng index declined 0.66% and India's Sensex gained 1.02%.

The euro gained 0.42% versus the dollar to trade at $1.2628. up from $1.2572 yesterday.

Gold for August delivery surged $4.70 to $1,631.60 an ounce. However, oil for July delivery dropped $0.25 to $83.02 a barrel.

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


Related Articles (ADBE + BKS)

View Comments and Join the Discussion!