Market Overview

A Peek Into The Markets: US Stock Futures Up Ahead Of American Express Earnings

A Peek Into The Markets: US Stock Futures Up Ahead Of American Express Earnings

Pre-open movers

U.S. stock futures traded higher in early pre-market trade, ahead of earnings from American Express Company (NYSE: AXP) and ManpowerGroup Inc. (NYSE: MAN). The University of Michigan's consumer sentiment index for July is schedule for release at 10:00 a.m. ET. St. Louis Federal Reserve Bank President James Bullard is set to speak in New York at 11:05 a.m. ET, while Boston Federal Reserve Bank President Eric Rosengren will speak in New York City, New York at 4:30 p.m. ET.

Futures for the Dow Jones Industrial Average gained 39 points to 27,240, while the Standard & Poor’s 500 index futures rose 1.15 points to 2,998.75. Futures for the Nasdaq 100 index gained 10.25 points to 7,943.75.

Oil prices traded higher as Brent crude futures rose 1.6% to trade at $62.92 per barrel, while US WTI crude futures rose 1.3% to trade at $56.03 a barrel. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.


A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 0.7%, STOXX Europe 600 Index dropping 0.1% and German DAX 30 index gaining 0.1%. The UK's FTSE index was trading lower by 0.2%, while French CAC 40 Index fell 0.1%.

In Asian markets, Japan’s Nikkei Stock Average rose 2%, Hong Kong’s Hang Seng Index rose 1.07%, China’s Shanghai Composite Index rose 0.79% and India’s BSE Sensex fell 1.44%.

Broker Recommendation

Analysts at Jefferies downgraded Alcoa Corporation (NYSE: AA) from Buy to Hold and lowered the price target from $29 to $23.

Alcoa shares rose 1.1 percent to close at $23.41 on Thursday.

Breaking News

  • Schlumberger Limited (NYSE: SLB) reported in-line earnings for its second quarter, while sales exceeded views.
  • Microsoft Corporation (NASDAQ: MSFT) reported stronger-than-expected results for its fourth quarter on Thursday.
  • Cleveland-Cliffs Inc. (NYSE: CLF) reported better-than-expected results for its second quarter.
  • Skechers USA Inc (NYSE: SKX) reported better-than-expected earnings for its second quarter and issued strong third-quarter guidance.

Posted-In: A Peek Into The Markets US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets


Related Articles (AA + AXP)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Schlumberger Reports Q2 Earnings, CEO To Retire

Chewy's Strong First Earnings Report Shows Potency Of Pet Care ETF