US Stock Futures Up Ahead Of ADP Report

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US stock futures are higher this morning, as investors are awaiting the ADP national employment report. Futures for the Dow Jones Industrial Average surged 16 points to 14,599.00 and S&P 500 index futures rose 2.90 points to 1,567.20. Nasdaq 100 futures gained 4.25 points to 2,816.75. US stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising 0.61% to 14,662.01, the S&P 500 index surging 0.52% to 1,570.25 and the Nasdaq 100 index gaining 0.48% to 3,254.86. The MBA purchase applications index will be released at 7:00 a.m. ET, while the ADP national employment report for March will be released at 8:15 a.m. ET. The ISM non-manufacturing index for March will be released at 10:00 a.m. ET, while the EIA report on petroleum inventories will be released at 10:30 a.m. ET. G-III Apparel Group
GIII
reported a 62% rise in its fiscal fourth-quarter profit. However, the company issued downbeat profit forecast for the year. Team
TISI
posted a Q3 adjusted loss of $0.01 per share, versus year-ago adjusted earnings of $0.10 per share. Acuity Brands
AYI
is expected to report its Q2 earnings at $0.62 per share on revenue of $468.51 million. Monsanto Company
MON
is projected to report its Q2 earnings at $2.58 per share on revenue of $5.29 billion. ConAgra Foods
CAG
is estimated to report its Q3 earnings at $0.56 per share on revenue of $3.87 billion. OMNOVA Solutions
OMN
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is expected to report its Q1 earnings at $0.08 per share on revenue of $258.25 million. Conns
CONN
is projected to report its Q4 earnings at $0.56 per share on revenue of $246.91 million. Schnitzer Steel Industries
SCHN
is estimated to report its Q2 earnings at $0.24 per share on revenue of $683.44 million. European markets were lower today. The STOXX Europe 600 Index fell 0.11%, London's FTSE 100 Index dropped 0.43%, French CAC 40 Index declined 0.14% and German DAX 30 index fell 0.10%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 2.99%, China's Shanghai Composite tumbling 0.11% and Australia's S&P/ASX 200 dropping 0.58%. Hong Kong's Hang Seng fell 0.14% and India's Sensex dipped 1.26%.
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