Market Overview

US Stock Futures Flat; Jobs Report In Focus

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US stock futures are mostly flat this morning, as investors are awaiting nonfarm payrolls data. Futures for the Dow Jones Industrial Average dropped 8 points to 13,055.00 and S&P 500 index futures fell 0.80 points to 1,412.20. Nasdaq 100 futures declined 2.75 points to 2,651.25.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average gaining 0.30% to 13,074.04, the S&P 500 index rising 0.33% to 1,413.94 and the Nasdaq 100 index climbing 0.52% to 2,989.27.

US jobs data for November will be released at 8:30 a.m. ET. The Reuter's/University of Michigan's consumer sentiment index for December will be released at 9:55 a.m. ET. Data on consumer credit for October will be released at 3 p.m. ET.

Palo Alto Networks (NYSE: PANW) reported better-than-expected first-quarter earnings

Smith & Wesson Holding (NASDAQ: SWHC) posted a profit in the fiscal second quarter.

Broadcom (NASDAQ: BRCM) raised its fourth quarter revenue forecast.

KMG Chemicals (NYSE: KMG) is projected to report its Q1 earnings at $0.31 per share on revenue of $72.50 million. The Bank Of Nova Scotia (NYSE: BNS) is expected to report its Q4 earnings at $1.19 per share.

European markets were mostly lower today. The STOXX Europe 600 Index rose 0.01%, London's FTSE 100 Index dropped 0.03%, French CAC 40 Index declined 0.08% and German DAX 30 index fell 0.01%.

Asian markets ended mixed, with Japan's Nikkei Stock Average falling 0.19%, China's Shanghai Composite surging 1.60% and Australia's S&P/ASX 200 rising 0.89%. Hong Kong's Hang Seng Index fell 0.26% and India's Sensex dropped 0.32%.

Gold futures dropped $4.60 to trade at $1,697.20 an ounce, while Nymex crude-oil futures declined $0.10 to $86.16 a barrel.

The US dollar fell 0.01% against the Japanese yen to trade at 82.3850 yen.

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


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