U.S. stock futures traded higher in early pre-market trade. New York Federal Reserve Bank President William Dudley is set to speak in New York at 10:15 a.m. ET, while Boston Federal Reserve Bank President Eric Rosengren will speak in New York at 10:15 a.m. ET. Cleveland Federal Reserve Bank President Loretta Mester is set to speak in New York at 1:30 p.m. ET, while San Francisco Federal Reserve Bank President John Williams will speak in Los Angeles at 3:40 p.m. ET.
Futures for the Dow Jones Industrial Average climbed 111 points to 25,124.00, while the Standard & Poor’s 500 index futures rose 8.25 points to 2,719.75. Futures for the Nasdaq 100 index rose 25.75 points to 6,814.50.
Oil prices traded lower as Brent crude futures fell 0.51 percent to trade at $66.05 per barrel, while US WTI crude futures dropped 0.35 percent to trade at $62.55 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 lower today, with the Spanish Ibex Index falling 0.89 percent, STOXX Europe 600 Index dropping 0.11 percent and German DAX 30 index falling 0.03 percent. The UK’s FTSE index was trading lower by 0.13 percent, while French CAC 40 Index fell 0.19 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.72 percent, Hong Kong’s Hang Seng Index climbed 0.97 percent, China’s Shanghai Composite Index gained 0.63 percent and India’s BSE Sensex climbed 0.95 percent.
Analysts at DA Davidson downgraded Acacia Communications, Inc. ACIA from Buy to Neutral.
Acacia Communications shares fell 11.93 percent to $36.85 in pre-market trading.
- Huntsman CorporationHUN reported better-than-expected earnings for its fourth quarter and increased its quarterly dividend from $0.125 to $0.1625 per share. The company’s board also approved a $450 million buyback plan.
- Hewlett Packard Enterprise CoHPE reported better-than-expected results for its first quarter. The company also issued strong FY18 guidance.
- KBR, Inc.KBR reported weaker-than-expected results for its fourth quarter.
- Intuit Inc. INTUposted upbeat earnings for its second quarter, but issued weak earnings outlook for the current quarter.