U.S. stock futures traded lower in early pre-market trade. Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET, while the FHFA House Price Index for January is schedule for release at 9:00 a.m. ET. The flash Composite Purchasing Managers’ Index for March will be released at 9:45 a.m. ET, while the index of leading economic indicators for February is schedule for release at 10:00 a.m. ET. The Kansas City Fed manufacturing index for March is schedule for release at 11:00 a.m. ET.
Futures for the Dow Jones Industrial Average fell 174 points to 24,553.00, while the Standard & Poor’s 500 index futures fell 17.75 points to 2,700.25. Futures for the Nasdaq 100 index dipped 76.25 points to 6,807.75.
Oil prices traded lower as Brent crude futures fell 0.48 percent to trade at $69.14 per barrel, while US WTI crude futures dropped 0.41 percent to trade at $64.90 a barrel. The Energy Information Administration’s weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 1.04 percent, STOXX Europe 600 Index declining 0.89 percent and German DAX 30 index falling 1.17 percent. The UK’s FTSE index was trading lower by 0.65 percent, while French CAC 40 Index fell 1.15 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.99 percent, Hong Kong’s Hang Seng Index dropped 1.09 percent, China’s Shanghai Composite Index slipped 0.53 percent and India’s BSE Sensex fell 0.39 percent.
Analysts at Societe Generale upgraded General Mills, Inc. GIS from Sell to Hold.
General Mills shares fell 0.38 percent to $45.33 in pre-market trading.
- Commercial Metals Company CMCreported weaker-than-expected results for its second quarter.
- Darden Restaurants, Inc.DRI reported upbeat earnings for its third quarter, while sales missed estimates. The company also raised its FY18 earnings outlook.
- Accenture plc ACNreported better-than-expected results for its second quarter and raised its FY18 guidance.
- G-III Apparel Group, Ltd. GIIIposted upbeat results for its fourth quarter, but issued weak guidance.