Market Overview

US Stock Futures Edge Lower; Euro Drops Versus Dollar

Related CMC
Earnings Scheduled For October 25, 2018
Seaport Global Says The Steel Industry Is Due For A Bounce
Related ZEP
Earnings Scheduled For April 9, 2015
Benzinga's Volume Movers

US stock futures are slightly lower this morning. Futures for the Dow Jones Industrial Average dropped 16 points to 13,330.00 and S&P 500 index futures fell 1.50 points to 1,456.20. Nasdaq 100 futures declined 1.25 points to 2,711.75.

US stocks closed higher on Friday, with the Dow Jones Industrial Average rising 0.33% to 13,435.21, the S&P 500 index gaining 0.49% to 1,466.47 and the Nasdaq 100 index climbing 0.04% to 3,101.66.

Commercial Metals Company (NYSE: CMC) is expected to report its Q1 earnings at $0.17 per share on revenue of $1.89 billion. Zep (NYSE: ZEP) is projected to report its Q1 earnings at $0.18 per share on revenue of $156.79 million.

Office Depot (NYSE: ODP) announced the resignation of Kevin Peters, president of its North American business.

AbbVie (NYSE: ABBV) declared the company's first quarterly dividend of $0.40 per share.

European markets were mostly lower today. The STOXX Europe 600 Index fell 0.15%, London's FTSE 100 Index gained 0.45%, German DAX 30 Index declined 0.47% and French CAC 40 Index fell 0.68%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.83%, China's Shanghai Composite gaining 0.37% and Australia's S&P/ASX 200 Index dropping 0.10%. Hong Kong's Hang Seng Index fell 0.01% and India's Sensex declined 0.47%.

The ICE dollar index (DXY) rose 0.10% to trade at 80.58, versus 80.440 late Friday.

The euro dropped 0.27% against the dollar to trade at $1.3041, down from $1.3082 late Friday. The dollar fell 0.28% versus the Japanese yen to trade at ¥87.87, down from ¥88.13.

Nymex crude-oil futures dropped $0.29 to trade at $93.22 a barrel in electronic trade, while gold futures rose $6 to $1,654.90 an ounce.

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


Related Articles (CMC + ABBV)

View Comments and Join the Discussion!

Benzinga Market Primer: Monday, January 7

DaVita Acquires 9 Dialysis Centers in Portugal and Poland from Fresenius Medical Care