Market Overview

A Peek Into The Markets: U.S. Stock Futures Signal Higher Start On Wall Street

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A Peek Into The Markets: U.S. Stock Futures Signal Higher Start On Wall Street

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. Data on consumer spending and personal income for May will be released at 8:30 a.m. ET, while the Chicago PMI for June is schedule for release at 9:45 a.m. ET. The University of Michigan's consumer sentiment index for June will be released at 10:00 a.m. ET.

Futures for the Dow Jones Industrial Average gained 51 points to 21,306.00, while the Standard & Poor’s 500 index futures rose 6.25 points to 2,426.25. Futures for the Nasdaq 100 index climbed 18.25 points to 5,673.50.

Oil prices traded higher as Brent crude futures rose 0.44 percent to trade at $47.63 per barrel, while US WTI crude futures gained 0.78 percent to trade at $45.28 a barrel. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.41 percent, STOXX Europe 600 Index surging 0.54 percent and German DAX 30 index gaining 0.30 percent. The UK's FTSE index was trading higher by 0.30 percent, while French CAC 40 Index rose 0.66 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.92 percent, Hong Kong’s Hang Seng Index declined 0.77 percent, China’s Shanghai Composite Index rose 0.14 percent and India’s BSE Sensex rose 0.21 percent.

Broker Recommendation

Analysts at Bank of America downgraded AmerisourceBergen Corp. (NYSE: ABC) from Buy to Neutral.

AmerisourceBergen shares fell 0.55 percent to $95.23 in pre-market trading.

Breaking news

  • Nike Inc (NYSE: NKE) reported stronger-than-expected earnings for its fourth quarter on Thursday.
  • Bemis Company, Inc. (NYSE: BMS) announced plans to cut 300 jobs and close 2 manufacturing facilities.
  • Micron Technology, Inc. (NASDAQ: MU) reported upbeat results for its third quarter and issued a strong forecast for the current quarter.
  • American Outdoor Brands Corp (NASDAQ: AOBC) reported better-than-expected results for its fourth quarter, but issued a weak outlook for fiscal 2018.

Posted-In: Earnings News Guidance Eurozone Futures Global Pre-Market Outlook Markets

 

Related Articles (ABC + AOBC)

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