A Peek Into The Markets: U.S. Stock Futures Up Ahead Of GDP Report

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. Data on Gross Domestic Product for the third quarter will be released at 8:30 a.m. ET, while the S&P Corelogic Case-Shiller home price index for September will be released at 9:00 a.m. ET. The Conference Board's consumer confidence index for November is schedule for release at 10:00 a.m. ET. New York Federal Reserve Bank President William Dudley is set to speak at 9:15 a.m. ET.

Futures for the Dow Jones Industrial Average rose 26 points to 19,106.00, while the Standard & Poor’s 500 index futures gained 4 points to 2,204.75. Futures for the Nasdaq 100 index climbed 8.50 points to 4,869.50.

Oil prices traded lower as Brent crude futures fell 2.24 percent to trade at $47.16 per barrel, while US WTI crude futures also fell 2.32 percent to trade at $45.99 a barrel.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 0.42 percent, STOXX Europe 600 Index gaining 0.27 percent and German DAX 30 index gaining 0.23 percent. The UK's FTSE index was trading lower by 0.48 percent, while French CAC 40 Index climbed 0.75 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.27 percent, Hong Kong’s Hang Seng Index declined 0.41 percent, China’s Shanghai Composite Index climbed 0.18 percent and India’s BSE Sensex gained 0.17 percent.

Broker Recommendation

Analysts at Nomura downgraded Goldman Sachs Group Inc GS from Buy to Neutral.

Goldman Sachs shares fell 0.38 percent to $209.55 in pre-market trading.

Breaking news

• Tiffany & Co. TIF reported stronger-than-expected results for its third quarter on Tuesday.



• Shoe Carnival Inc. SCVL reported weak earnings for its third quarter and lowered its annual outlook.



• Bank of Nova Scotia BNS reported better-than-expected earnings for its fiscal fourth quarter.



• Thor Industries, Inc. THO reported stronger-than-expected results for its first quarter on Monday.