Market Overview

US Stock Futures Down Ahead of General Electric, McDonald's Earnings

Share:
Related GE
The Most Overpaid CEOs In S&P 500 Companies That Largely Underperformed The Market
The Market In 5 Minutes
General Electric: Making Progress, A Debt And Payout Ratio Follow-Up (Seeking Alpha)
Related MCD
Zima Is Coming Back: Here Are 7 Other Retro Foods We Want To Try Again
Facebook, McDonald's, Hain Celestial: Fast Money Picks For February 22
Why The Market Might Be Too Far Out Over Its Ski Tips (Seeking Alpha)

US stock futures are slightly lower this morning, as investors are awaiting earnings from General Electric Co (NYSE: GE) and McDonald's (NYSE: MCD). Futures for the Dow Jones Industrial Average dropped 9 points to 13,478.00 and S&P 500 index futures fell 0.90 points to 1,450.60. Nasdaq 100 futures declined 3.75 points to 2,729.00.

US stocks closed lower on Thursday, with the Dow Jones Industrial Average dropping 0.06% to 13,548.94, the S&P 500 index falling 0.24% to 1,457.34 and the Nasdaq 100 index dipping 1.01% to 3,072.87.

Data on existing-home sales for September will be released at 10 a.m. ET.

General Electric Company is projected to report its Q3 earnings at $0.36 per share on revenue of $36.89 billion. Air Products & Chemicals (NYSE: APD) is expected to report its Q4 EPS at $1.43 on revenue of $2.51 billion. Baker Hughes (NYSE: BHI) is estimated to report its Q3 earnings at $0.84 per share on revenue of $5.44 billion.

McDonald's is projected to report its Q3 earnings at $1.48 per share on revenue of $7.15 billion. Honeywell International (NYSE: HON) is expected to report its Q3 EPS at $1.14 on revenue of $9.51 billion. ManpowerGroup (NYSE: MAN) is expected to report its Q3 earnings at $0.68 per share on revenue of $5.11 billion.

Shaw Group (NYSE: SHAW) is projected to report its Q4 EPS at $1.36 on revenue of $1.44 billion. Cooper Industries plc (NYSE: CBE) is projected to report its Q3 EPS at $1.14 on revenue of $1.48 billion. Parker-Hannifin (NYSE: PH) is projected to report its Q1 earnings at $1.96 per share on revenue of $3.45 billion. Kansas City Southern (NYSE: KSU) is expected to report its Q3 EPS at $0.84 on revenue of $578.42 million.

Microsoft (NASDAQ: MSFT) reported a 22% drop in its fiscal first-quarter profit.

Advanced Micro Devices (NYSE: AMD) posted a Q3 loss and announced its plans to lay off 1,770 workers.

Shares of Google (NASDAQ: GOOG) dropped 8.01% during regular trading hours yesterday after the company's third-quarter results were released ahead of schedule. The company's earnings missed Wall Street's estimates.

Riverbed Technology (NASDAQ: RVBD) reported upbeat third-quarter adjusted earnings.

European markets were lower today. The STOXX Europe 600 Index fell 0.22%, London's FTSE 100 Index dropped 0.03%, French CAC 40 Index dropped 0.33% and German DAX 30 index fell 0.34%.

Asian markets ended mixed, with Japan's Nikkei Stock Average rising 0.22%, China's Shanghai Composite dropping 0.16% and Australia's S&P/ASX 200 rising 0.28%. Hong Kong's Hang Seng index rose 0.15% and India's Sensex dropped 0.50%.

Gold futures for December delivery dropped $10 to trade at $1,734.70 an ounce.

The dollar index (DXY) gained 0.09% to trade at 79.42, up from 79.207 in late North American trading on Thursday.

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

 

Related Articles (AMD + APD)

View Comments and Join the Discussion!