Market Overview

US Stock Futures Down; Euro Rises Against Dollar

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US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 33 points to 12,677.00 and S&P 500 index futures fell 2.80 points to 1,334.70. Nasdaq 100 futures declined 2 points to 2,562.

US stocks closed higher on Friday, with the Dow Jones Industrial Average rising 0.91% to 12,767.17, the S&P 500 index surging 1.03% to 1,342.84 and the Nasdaq 100 index gaining 1.29% to 2,872.80.

IHS (NYSE: IHS) is projected to report its Q2 earnings at $0.94 per share on revenue of $382.7 million.

Shoe Carnival (NASDAQ: SCVL) initiated a quarterly cash dividend of $0.05 per share.

Steel Dynamics (NASDAQ: STLD) issued downbeat Q2 earnings forecast.

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.24%, London's FTSE 100 Index gained 0.06%, French CAC 40 index rose 0.35% and German DAX 30 index surged 0.63%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 1.77%, Chinese Shanghai Composite gaining 0.40% and Australia's S&P/ASX 200 rising 1.87%. Hong Kong's Hang Seng index surged 1.01% and India's Sensex dropped 1.35%.

Crude oil for July delivery declined $0.24 to $83.79 a barrel, while gold for August delivery declined $6.90 to $1,621.40 an ounce.

The euro dropped 0.37% versus the dollar to trade at $1.2651, versus $1.2747 in Asian trade.

Posted-In: US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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