Market Overview

US Stock Futures Down Ahead Of FedEx Earnings

US Stock Futures Down Ahead Of FedEx Earnings
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US Stock Futures Up; Crude Oil Drops

US stock futures are lower this morning, as investors are awaiting earnings from FedEx (NYSE: FDX). Futures for the Dow Jones Industrial Average dropped 31 points to 13,439.00 and S&P 500 index futures fell 3.40 points to 1,450.60. Nasdaq 100 futures declined 5.25 points to 2,841.00.

US stocks closed lower on Monday, with the Dow Jones Industrial Average dropping 0.30% to 13,553.10, the S&P 500 index falling 0.31% to 1,461.19 and the Nasdaq 100 index declining 0.17% to 3,178.67.

Data on Q2 current-account will be released at 8:30 a.m. ET. A home builders' index for the month of September will be released at 10 a.m. ET.

FedEx is projected to report its Q1 earnings at $1.40 per share on revenue of $10.70 billion. Schiff Nutrition International (NYSE: SHF) is expected to report its Q1 EPS at $0.20 on revenue of $83.60 million.

Manchester United plc (NYSE: MANU) is projected to post a quarterly loss of $0.03 per share on revenue of $120.6 million.

Advanced Micro Devices (NYSE: AMD) announced the resignation of it Chief Financial Officer Thomas Seifert.

Shares of Apple (NASDAQ: AAPL) surged 0.30% to $701.90 in the after-hours trading session after the company booked orders for more than 2 million iPhone 5 models during its first 24 hours.

OCZ Technology Group (NASDAQ: OCZ) announced the resignation of its Chief Executive Ryan Petersen.

European markets were lower today. The STOXX Europe 600 Index fell 0.65%, London's FTSE 100 Index dropped 0.64%, French CAC 40 Index fell 1.28% and German DAX 30 index declined 0.95%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.39%, China's Shanghai Composite dropping 0.91% and Australia's S&P/ASX 200 dropping 0.09%. Hong Kong's Hang Seng Index fell 0.27% and India's Sensex declined 0.32%.

Nymex crude-oil futures declined $0.08 to trade at $96.54 a barrel in electronic trade, while gold futures fell $8.70 to $1,761.90 an ounce.

The dollar index (DXY) gained 0.22% to trade at 79.13. The euro declined 0.45% versus the dollar to trade at $1.3057.

The US dollar dropped 0.1% against the Japanese yen to trade at ¥78.65.

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


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