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US Stock Futures Signal Lower Start On Wall Street

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US stock futures are lower this morning, after House Republican leaders cancelled a tax vote. Futures for the Dow Jones Industrial Average dropped 196 points to 13,071.00 and S&P 500 index futures fell 22.90 points to 1,417.70. Nasdaq 100 futures tumbled 40.25 points to 2,649.75.

US stocks closed higher on Thursday, with the Dow Jones Industrial Average gaining 0.45% to 13,311.72, the S&P 500 index rising 0.55% to 1,443.69 and the Nasdaq 100 index surging 0.20% to 3,050.39.

Data on durable goods orders for November and personal income and spending 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.

Walgreen Co (NYSE: WAG) is projected to report its Q1 earnings at $0.70 per share on revenue of $17.45 billion.

Research In Motion (NASDAQ: RIMM) reported a narrower-than-expected third-quarter loss. However, the company reported a drop in its subscriber base.

Red Hat (NYSE: RHT) posted better-than-expected third-quarter revenue and announced its plans to buy privately held ManageIQ for $104 million in cash.

Nike (NYSE: NKE) reported upbeat second-quarter net income.

Micron Technology (NASDAQ: MU) posted a lower fiscal first-quarter revenue.

European markets were lower today. The STOXX Europe 600 Index fell 0.83%, London's FTSE 100 Index dropped 0.95%, French CAC 40 Index declined 0.68% and German DAX 30 index fell 0.94%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.99%, China's Shanghai Composite dropping 0.69% and Australia's S&P/ASX 200 falling 0.25%. Hong Kong's Hang Seng Index declined 0.68% and India's Sensex dropped 1.09%.

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


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