Market Overview

US Stock Futures Up; All Eyes On Apple

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US stock futures are higher this morning, as investors are awaiting earnings from Apple (NASDAQ: AAPL). Futures for the Dow Jones Industrial Average surged 26 points to 15,517.00 and S&P 500 index futures rose 3.50 points to 1,693.80. Nasdaq 100 futures gained 7 points to 3,054.50.

US stocks closed mostly higher on Monday, with the Dow Jones Industrial Average rising 0.01% to 15,545.55, the S&P 500 index gaining 0.20% to 1,695.53 and the Nasdaq 100 index surging 0.36% to 3,600.39.

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. The FHFA house price index for May will be released at 9:00 a.m. ET, while the Richmond Fed manufacturing index for July will be released at 10:00 a.m. ET.

Netflix (NASDAQ: NFLX) reported upbeat second-quarter profit. However, the company added 630,000 new US subscribers for its streaming service, falling short of estimates.

Texas Instruments (NASDAQ: TXN) reported a 48% rise in its second-quarter profit.

Altria Group (NYSE: MO) is estimated to report its Q2 earnings at $0.63 per share on revenue of $4.62 billion. Apple (NASDAQ: AAPL) is projected to post its Q3 earnings at $7.32 per share on revenue of $35.01 billion. Lockheed Martin (NYSE: LMT) is expected to report its Q2 earnings at $2.20 per share on revenue of $11.13 billion. AT&T (NYSE: T) is estimated to post its Q2 earnings at $0.68 per share on revenue of $31.81 billion.

United Parcel Service (NYSE: UPS) is estimated to report its Q2 earnings at $1.13 per share on revenue of $13.59 billion. RadioShack (NYSE: RSH) is expected to post a Q2 loss at $0.24 per share on revenue of $814.56 million. Electronic Arts (NASDAQ: EA) is projected to post a Q1 loss at $0.60 per share on revenue of $453.75 million. Discover Financial Services (NYSE: DFS) is estimated to post its Q2 earnings at $1.15 per share on revenue of $2.01 billion.

United Technologies (NYSE: UTX) is estimated to report its Q2 earnings at $1.57 per share on revenue of $16.37 billion. Domino's Pizza (NYSE: DPZ) is expected to report its Q2 earnings at $0.56 per share on revenue of $405.06 million. TD Ameritrade Holding (NYSE: AMTD) is expected to report its Q2 earnings at $0.31 per share on revenue of $705.79 million. E. I. du Pont de Nemours and Company (NYSE: DD) is estimated to report its Q2 earnings at $1.27 per share on revenue of $10.01 billion.

European markets were higher today. The STOXX Europe 600 Index rose 0.31%, London's FTSE 100 index gained 0.28%, French CAC 40 Index gained 0.19% and German DAX 30 index rose 0.18%.

Asian markets ended higher, with Japan's Nikkei Stock Average gaining 0.82%, China's Shanghai Composite surging 1.95% and Australia's ASX/S&P500 rising 0.31%. Hong Kong's Heng Seng Index rose 2.33% and India's Sensex gained 0.69%.

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

 

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