A Peek Into The Markets: US Stock Futures Gain Ahead Of Earnings Reports

Pre-open movers

U.S. stock futures traded higher in early pre-market trade after the Nasdaq index climbed around 125 points in the previous session. Investors are awaiting earnings results from Johnson & Johnson JNJ, Procter & Gamble Co PG, Netflix Inc NFLX and The Travelers Companies, Inc. TRV.

Data on housing starts and permits for September will be released at 8:30 a.m. ET. Federal Reserve Bank of San Francisco President Mary Daly is set to speak at 8:00 a.m. ET, while Federal Reserve Bank of Philadelphia President Patrick Harker will speak at 8:50 a.m. ET. Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 1:00 p.m. ET.

Futures for the Dow Jones Industrial Average climbed 83 points to 35,216.00 while the Standard & Poor’s 500 index futures gained 14.25 points to 4,491.75. Futures for the Nasdaq 100 index rose 41 points to 15,331.50.

The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 45,908,210 with around 746,500 deaths. India reported a total of at least 34,094,370 confirmed cases, while Brazil confirmed over 21,651,910 cases.

Oil prices traded higher as Brent crude futures rose 0.9% to trade at $85.07 per barrel, while US WTI crude futures rose 1.2% to trade at $83.46 a barrel. The API’s report on crude oil stocks will be released later during the day.

A Peek Into Global Markets


European markets were higher today. The Spanish Ibex Index rose 0.6% and STOXX Europe 600 Index climbed 0.3%. The French CAC 40 Index climbed 0.2%, London’s FTSE 100 rose 0.2% while German DAX 30 gained 0.1%. Spanish trade deficit widened to EUR 3.87 billion in August from a EUR 1.73 billion gap in the year-ago month.

Asian markets traded mostly higher today. Japan’s Nikkei 225 rose 0.65%, while Hong Kong’s Hang Seng Index climbed 1.49% and China’s Shanghai Composite rose 0.70%. Australia’s S&P/ASX 200 slipped 0.1% and India’s BSE Sensex gained 0.7%.


Broker Recommendation

Evercore ISI Group downgraded Marriott International, Inc. MAR from Outperform to In-Line and raised the price target from $145 to $160..

Marriott shares fell 0.7% to $158.16 in pre-market trading.

Check out other major ratings here

 

Breaking News

  • Steel Dynamics, Inc. STLD reported better-than-expected results for its third quarter on Monday.
  • Alibaba Group Holding BABA on Tuesday confirmed plans to develop an in-house processor that would be used to power its cloud computing business.
  • EverQuote Inc EVER lowered its sales guidance for the third quarter. Total revenue is projected to be in the range of $106.5 million to $107.5 million, down from previous guidance of $109 million to $111 million.
  • TaskUs, Inc. TASK reported the launch of a secondary offering of 10 million shares of Class A common stock.

Check out other breaking news here

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsEurozoneFuturesSmall CapGlobalPre-Market OutlookMarketsA Peek Into The MarketsConsumer DiscretionaryHotels, Resorts & Cruise Lines
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!