Market Overview

US Stock Futures Up; ISM Manufacturing Data In Focus

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US stock futures are slightly higher this morning, as investors are awaiting ISM manufacturing data. Futures for the Dow Jones Industrial Average surged 22 points to 13,031.00 and S&P 500 index futures rose 2.50 points to 1,416.90. Nasdaq 100 futures gained 10 points to 2,685.75.

US stocks closed mostly flat on Friday, with the Dow Jones Industrial Average gaining 0.03% to 13,025.58, the S&P 500 index rising 0.02% to 1,416.18 and the Nasdaq 100 index dropping 0.06% to 3,010.24.

The ISM's manufacturing index and construction spending data will be released at 10 a.m. ET. The Markit PMI manufacturing flash index will be released at 8:58 a.m. ET.

Conns (NASDAQ: CONN) is projected to report its Q3 earnings at $0.28 per share on revenue of $199.23 million. Casella Waste Systems (NASDAQ: CWST) is estimated to post a Q2 loss at $0.10 per share on revenue of $125.34 million.

LDK Solar Co (NYSE: LDK) is expected to report a Q3 loss at $1.24 per share on revenue of $246.40 million. Pep Boys - Manny, Moe & Jack (NYSE: PBY) is projected to post its Q3 earnings at $0.15 per share on revenue of $527.68 million.

Manufacturing activity across the euro zone shrank in November.

European markets were higher today. The STOXX Europe 600 Index rose 0.38%, London's FTSE 100 Index gained 0.20%, French CAC 40 Index surged 0.53% and German DAX 30 index rose 0.42%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 0.13%, China's Shanghai Composite dropping 1.03% and Australia's S&P/ASX 200 gaining 0.49%. Hong Kong's Hang Seng Index declined 1.19% and India's Sensex fell 0.18%.

China's manufacturing purchasing managers' index rose to 50.6 in November.

The ICE dollar index (DXY) dropped 0.37% to trade at 79.94, down from 80.131 late Friday.

The euro gained 0.39% versus the dollar to trade at $1.3035, up from $1.3009 late Friday. The dollar fell 0.33% against the Japanese yen to trade at ¥ 82.1150, down from ¥82.44.

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


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