Market Overview

US Stock Futures Higher Ahead Of Retail Sales Data

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US stock futures are higher this morning, as investors are awaiting retail sales data. Futures for the Dow Jones Industrial Average gained 15 points to 13,988.00 and S&P 500 index futures rose 1.50 points to 1,517.50. Nasdaq 100 futures climbed 4.75 points to 2,765.25.

US stocks closed mixed on Tuesday, with the Dow Jones Industrial Average gaining 0.34% to 14,018.70, the S&P 500 index rising 0.16% to 1,519.43 and the Nasdaq 100 index dropping 0.17% to 3,186.49.

Data on retail sales for January and import prices for January will be released at 8:30 a.m. ET. However, data on business inventories for December will be released at 10:00 a.m. ET.

Dean Foods Company (NYSE: DF) is projected to report its Q4 earnings at $0.30 per share on revenue of $3.37 billion. Lorillard (NYSE: LO) is expected to report its Q4 earnings at $0.76 per share on revenue of $1.16 billion. Cisco Systems (NASDAQ: CSCO) is projected to post its Q2 earnings at $0.48 per share on revenue of $12.06 billion. Deere & Company (NYSE: DE) is expected to report its Q1 earnings at $1.40 per share on revenue of $6.72 billion.

Duke Energy (NYSE: DUK) is estimated to report its Q4 earnings at $0.64 per share on revenue of $5.55 billion. NetApp (NASDAQ: NTAP) is projected to post its Q3 earnings at $0.56 per share on revenue of $1.62 billion. Hospira (NYSE: HSP) is expected to report its Q4 earnings at $0.54 per share on revenue of $1.04 billion. Whole Foods Market (NASDAQ: WFM) is estimated to post its Q4 earnings at $0.77 per share on revenue of $3.86 billion.

NVIDIA (NASDAQ: NVDA) is expected to post its Q4 earnings at $0.24 per share on revenue of $1.10 billion. Applied Materials (NASDAQ: AMAT) is estimated to post its Q4 earnings at $0.03 per share on revenue of $1.54 billion. Avis Budget Group (NYSE: CAR) is estimated to post a Q4 loss at $0.07 per share on revenue of $1.63 billion. Dr Pepper Snapple Group (NYSE: DPS) is expected to report its Q4 earnings at $0.85 per share on revenue of $1.49 billion.

Comcast (NASDAQ: CMCSA) announced its plans to acquire General Electric's (NYSE: GE) 49% equity stake in their NBCUniversal joint venture. Comcast also reported an 18% surge in its fourth-quarter profit.

The Western Union Company (NYSE: WU) reported a 47% drop in its fourth-quarter earnings.

European markets were mostly lower today. The STOXX Europe 600 Index fell 0.13%, London's FTSE 100 Index dropped 0.32%, German DAX 30 Index rose 0.10% and French CAC 40 Index fell 0.22%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average falling 1.04%, Australia's S&P/ASX 200 Index gaining 0.86% and India's Sensex gaining 0.24%.

Crude oil futures for March delivery gained $0.13 to trade at $97.64 a barrel in electronic trade.

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

 

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