Skip to main content

Market Overview

A Peek Into The Markets: US Stock Futures Up Ahead Of Earnings, Economic Data

Share:
A Peek Into The Markets: US Stock Futures Up Ahead Of Earnings, Economic Data

Pre-open movers

U.S. stock futures traded higher in early pre-market trade, ahead of earnings reports from several companies. The Challenger job-cut report for July is schedule for release at 7:30 a.m. ET, while data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. The Markit PMI manufacturing report for July is schedule for release at 9:45 a.m. ET. The ISM manufacturing index for July and data on construction spending for June will be released at 10:00 a.m. ET.

Futures for the Dow Jones Industrial Average climbed 48 points to 26,903 while the Standard & Poor’s 500 index futures rose 4.2 points to 2,986.50. Futures for the Nasdaq 100 index gained 19.5 points to 7,886.25.

Oil prices traded lower as Brent crude futures fell 1% to trade at $64.40 per barrel, while US WTI crude futures fell 1.3% to trade at $57.80 a barrel. The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET.

 

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 0.5%, STOXX Europe 600 Index surging 0.5% and German DAX 30 index gaining 0.5%. The UK's FTSE index was trading lower by 0.1%, while French CAC 40 Index rose 0.7%.

In Asian markets, Japan’s Nikkei Stock Average rose 0.09%, Hong Kong’s Hang Seng Index fell 0.76%, China’s Shanghai Composite Index dropped 0.81% and India’s BSE Sensex fell 1.23%.

Broker Recommendation

Analysts at B. Riley downgraded Prudential Financial Inc (NYSE: PRU) from Buy to Neutral and lowered the price target from $122 to $100.

Prudential shares fell 4.3 percent to $96.94 in pre-market trading.

Breaking News

  • Verizon Communications Inc. (NYSE: VZ) reported better-than-expected earnings for its second quarter, while sales missed views.
  • Archer Daniels Midland Co (NYSE: ADM) reported weaker-than-expected earnings for its second quarter.
  • Cigna Corp (NYSE: CI) reported upbeat earnings for its second quarter and raised FY19 EPS guidance
  • Avon Products, Inc. (NYSE: AVP) announced upbeat earnings for its second quarter, while sales missed estimates.
 

Related Articles (ADM + AVP)

View Comments and Join the Discussion!

Posted-In: A Peek Into The MarketsEarnings News Eurozone Futures Global Pre-Market Outlook Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
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 vipaccounts@benzinga.com