US Stock Futures Up; Factory-Orders Data In Focus
US stock futures are higher this morning, as investors are awaiting factory-orders data. Futures for the Dow Jones Industrial Average surged 29 points to 14,911.00 and S&P 500 index futures rose 3.90 points to 1,610.60. Nasdaq 100 futures gained 8.50 points to 2,925.50.
US stocks closed higher on Monday, with the Dow Jones Industrial Average surging 0.44% to 14,974.96, the S&P 500 index gaining 0.54% to 1,614.96 and the Nasdaq 100 index rising 0.92% to 3,434.49.
The ICSC-Goldman Sachs store sales index will be released at 7:45 a.m. ET, while the Johnson Redbook Retail Sales Index will be released at 8:55 a.m. ET. Data on factory orders for May will be released at 10:00 a.m. ET. Data on motor vehicle sales for June will also be released today.
A. Schulman (NASDAQ: SHLM) reported downbeat third-quarter results and lowered its outlook for the year.
Acuity Brands (NYSE: AYI) is expected to report its Q3 earnings at $0.88 per share on revenue of $518.76 million. Constellation Brands (NYSE: STZ) is estimated to report its Q1 earnings at $0.41 per share on revenue of $674.24 million.
The Greenbrier Companies (NYSE: GBX) is projected to report its Q3 earnings at $0.55 per share on revenue of $503.08 million. Zep (NYSE: ZEP) is expected to report its Q3 earnings at $0.42 per share on revenue of $196.52 million.
European markets were lower today. The STOXX Europe 600 Index fell 0.62%, London's FTSE 100 index dropped 0.62%, French CAC 40 Index declined 0.79% and German DAX 30 index fell 1.06%.
Asian markets ended mixed, with Japan's Nikkei Stock Average jumping 1.78%, China's Shanghai Composite surging 0.57% and Australia's ASX/S&P500 rising 2.57%. Hong Kong's Heng Seng Index fell 0.70% and India's Sensex declined 0.59%.
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