U.S. stock futures traded higher in early pre-market trade. Data on initial jobless claims for the latest week and consumer spending for February will be released at 8:30 a.m. ET. The Chicago PMI for March is schedule for release at 9:45 a.m. ET, while the University of Michigan’s consumer sentiment index for March will be released at 10:00 a.m. ET. Philadelphia Federal Reserve Bank President Patrick Harker is set to speak in New York City at 1:00 p.m. ET.
Futures for the Dow Jones Industrial Average rose 73 points to 23,933.00, while the Standard & Poor’s 500 index futures gained 9.25 points to 2,616.50. Futures for the Nasdaq 100 index surged 42 points to 6,518.75. U.S stock markets will be closed Friday for Good Friday.
Oil prices traded lower as Brent crude futures fell 0.35 percent to trade at $69.29 per barrel, while US WTI crude futures fell 0.02 percent to trade at $64.37 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, while the Baker Hughes North American rig count report for the recent week will be released at 1:00 p.m. ET.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.62 percent, STOXX Europe 600 Index climbing 0.33 percent and German DAX 30 index gaining 0.71 percent. The UK’s FTSE index was trading higher by 0.39 percent, while French CAC 40 Index rose 0.52 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.61 percent, Hong Kong’s Hang Seng Index climbed 0.24 percent, China’s Shanghai Composite Index surged 1.22 percent and India’s BSE Sensex fell 0.62 percent.
Analysts at Longbow Research upgraded Harley-Davidson, Inc. HOG from Underperform to Neutral.
Harley-Davidson shares rose 2.09 percent to $43.57 in pre-market trading.
- Science Applications International CorpSAIC posted better-than-expected earnings for its fourth quarter.
- PVH CorpPVH reported better-than-expected results for its fourth quarter and issued a strong forecast.
- GameStop Corp. GMEreported upbeat results for its fourth quarter on Wednesday.
- Progress Software Corporation PRGSreported stronger-than-expected earnings for its first quarter. The company also raised FY18 earnings outlook.