US Stock Futures Up Ahead Of Boeing Earnings
US stock futures are slightly higher this morning, as investors are awaiting earnings from Boeing Co (NYSE: BA) and new home sales data. Futures for the Dow Jones Industrial Average surged 11 points to 13,052.00 and S&P 500 index futures rose 3.10 points to 1,409.90. Nasdaq 100 futures gained 2.50 points to 2,663.00.
US stocks closed lower on Tuesday, with the Dow Jones Industrial Average dipping 1.82% to 13,102.53, the S&P 500 index falling 1.44% to 1,413.11 and the Nasdaq 100 index dropping 0.88% to 2,990.46.
The flash manufacturing PMI for October will be released at 9 a.m. ET. However, data on new home sales for September will be released at 10 a.m. ET.
The Boeing Company is estimated to report its Q3 EPS at $1.12 on revenue of $20.03 billion. AT&T (NYSE: T) is projected to report its Q3 earnings at $0.60 per share on revenue of $31.58 billion. Corning (NYSE: GLW) is expected to report its Q3 EPS at $0.32 on revenue of $2.02 billion. Delta Air Lines (NYSE: DAL) is estimated to report its Q3 EPS at $0.91 on revenue of $9.97 billion.
Bristol-Myers Squibb Company (NYSE: BMY) is projected to report its Q3 EPS at $0.42 on revenue of $3.98 billion. Lockheed Martin (NYSE: LMT) is expected to report its Q3 earnings at 1.85 per share on revenue of $11.17 billion. US Airways Group (NYSE: LCC) is expected to report its Q3 earnings at $0.92 per share on revenue of $3.55 billion. Lorillard (NYSE: LO) is projected to report its Q3 EPS at $2.23 on revenue of $1.20 billion.
General Dynamics (NYSE: GD) is projected to report its Q3 EPS at $1.75 on revenue of $7.95 billion. Owens-Illinois (NYSE: OI) is expected to post its Q3 EPS at $0.67 on revenue of $1.75 billion. Owens Corning (NYSE: OC) is projected to report its Q3 EPS at $0.36 on revenue of $1.31 billion. Zynga (NASDAQ: ZNGA) is expected to post a Q3 loss at $0.01 per share on revenue of $259.93 million.
Facebook (NASDAQ: FB) reported a 36% surge in its third-quarter advertising revenue. The company also reported upbeat quarterly earnings.
Netflix (NASDAQ: NFLX) cut its year-end subscriber view.
European markets were slightly higher today. The STOXX Europe 600 Index rose 0.09%, London's FTSE 100 Index gained 0.01%, French CAC 40 Index climbed 0.16% and German DAX 30 index rose 0.03%.
Asian markets ended mixed, with Japan's Nikkei Stock Average dropping 0.67%, China's Shanghai Composite rising 0.07% and Australia's S&P/ASX 200 dropping 0.82%. Hong Kong's Hang Seng index gained 0.31%.
The euro dropped 0.39% against the dollar to trade at $1.2935.
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