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US Stock Futures Up; Fed Minutes In Focus

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US stock futures are higher this morning, ahead of the minutes of the recent Fed meeting. Futures for the Dow Jones Industrial Average surged 26 points to 12,611.00 and S&P 500 index futures rose 2.20 points to 1,337.70. Nasdaq 100 futures gained 2.75 points to 2,580.75.

US stocks closed lower on Tuesday, with the Dow Jones Industrial Average dropping 0.65% to 12,653.12, the S&P 500 index falling 0.81% to 1,341.47 and the Nasdaq 100 index declining 1% to 2,902.33.

Data on international trade For May will be released at 8:30 am ET. Data on wholesale trade for May will be released at 10:00 am ET. The minutes of the recent Federal Open Market Committee meeting will be released at 2 p.m. ET.

Northern Technologies International (NASDAQ: NTIC) is estimated to report its Q3 earnings at $0.41 per share on revenue of $7.80 million. Marriott International (NYSE: MAR) is estimated to post its Q2 EPS at $0.42 on revenue of $2.84 billion.

Itron (NASDAQ: ITRI) is estimated to post its Q2 earnings at $0.95 per share on revenue of $565.33 million. Texas Industries (NYSE: TXI) is estimated to post a Q4 loss at $0.34 per share on revenue of $182.77 million.

Voxx International (NASDAQ: VOXX) reported a wider-than-expected first-quarter loss.

Goldcorp (NYSE: GG) lowered its 2013 production forecast.

OCZ Technology Group (NASDAQ: OCZ) reported a wider-than-expected quarterly loss.

European markets were mostly lower today. The STOXX Europe 600 Index fell 0.28%, London's FTSE 100 Index dropped 0.40%, French CAC 40 Index declined 0.62% and German DAX 30 index rose 0.13%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.08%, China's Shanghai Composite rising 0.51% and Australia's S&P/ASX 200 dropping 0.07%. Hong Kong's Hang Seng Index rose 0.12% India's Sensex fell 0.73%.

Nymex crude-oil futures gained $0.92 to $84.83 a barrel. Gold for August delivery dropped $3.50 to $1,576.30 per ounce.

The dollar index (DXY) declined 0.23% to 83.22, from 83.377 in late North American trading on Tuesday.

The dollar fell 0.19% against the Japanese yen to trade at ¥79.28, down from ¥79.44. The euro gained 0.2% against the dollar to trade at $1.2274.

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


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