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Market Overview

US Stock Futures Slightly Higher Ahead Of Consumer Spending Data


US stock futures are slightly higher this morning, as investors are awaiting consumer spending data. Futures for the Dow Jones Industrial Average surged 18 points to 13,039.00 and S&P 500 index futures rose 1 point to 1,416.70. Nasdaq 100 futures gained 5.25 points to 2,685.25.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average gaining 0.28% to 13,021.82, the S&P 500 index rising 0.43% to 1,415.95 and the Nasdaq 100 index surging 0.68% to 3,012.03.

Data on consumer spending and income for October will be released at 8:30 a.m. ET. However, the Chicago purchasing managers index will be released at 9:45 a.m. ET.

Genesco (NYSE: GCO) is estimated to report its Q3 earnings at $1.33 per share on revenue of $659.45 million. United Natural Foods (NASDAQ: UNFI) is expected to report its Q1 earnings at $0.46 per share on revenue of $1.39 billion.

Star Bulk Carriers (NASDAQ: SBLK) is estimated to post a Q3 loss at $0.77 per share on revenue of $17.73 million. ReneSola (NYSE: SOL) is projected to report a Q3 loss at $0.31 per share on revenue of $215.77 million.

Zumiez (NASDAQ: ZUMZ) reported a drop in its third-quarter profit. The company's sales missed analysts' estimates.

Zynga (NASDAQ: ZNGA) reached an agreement to amend the terms of its relationship with Facebook (NASDAQ: FB).

OmniVision Technologies (NASDAQ: OVTI) reported a 50% drop in its fiscal second-quarter profit.

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.08%, London's FTSE 100 Index gained 0.09%, French CAC 40 Index surged 0.19% and German DAX 30 index rose 0.27%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 0.48%, China's Shanghai Composite rising 0.85% and Australia's S&P/ASX 200 gaining 0.62%. Hong Kong's Hang Seng Index climbed 0.49% and India's Sensex jumped 0.88%.

Japan's industrial production climbed 1.8% on a seasonally adjusted basis in October versus September. India's gross domestic product rose 5.3% y/y in the fiscal second quarter.

The dollar index (DXY) fell 0.09% to trade at 80.14, down from 80.190 in North American trade on Thursday.


Related Articles (UNFI + GCO)

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

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