U.S. stock futures traded higher in early pre-market trade, ahead of earnings from Campbell Soup Company CPB. Federal Reserve Bank of Dallas President Robert Kaplan is set to speak at 9:15 a.m. ET, while Federal Reserve Governor Lael Brainard will speak at 9:15 a.m. ET.
Futures for the Dow Jones Industrial Average rose 88 points to 24,792.00, while the Standard & Poor’s 500 index futures climbed 6.50 points to 2,725.25. Futures for the Nasdaq 100 index gained 18 points to 6,924.25.
Oil prices traded higher as Brent crude futures rose 0.37 percent to trade at $79.59 per barrel, while US WTI crude futures gained 0.06 percent to trade at $71.53 a barrel. The Baker Hughes North American rig count report for the latest 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 falling 0.32 percent, STOXX Europe 600 Index declining 0.16 percent and German DAX 30 index dropping 0.04 percent. The UK’s FTSE index was trading lower by 0.13 percent, while French CAC 40 Index rose 0.02 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.40 percent, Hong Kong’s Hang Seng Index rose 0.34 percent, China’s Shanghai Composite Index climbed 1.24 percent and India’s BSE Sensex slipped 0.86 percent.
Analysts at Piper Jaffray upgraded Mellanox Technologies, Ltd. MLNX from Neutral to Overweight.
Mellanox shares rose 2.53 percent to close at $87.05 on Thursday.
- Deere & Company DEreported weaker-than-expected results for its second quarter.
- Applied Materials, Inc. AMATreported stronger-than-expected results for its second quarter, but issued weak sales outlook for the third quarter.
- Nordstrom, Inc. JWNreported upbeat results for its first quarter. Comparable-store sales rose 0.6 percent.
- Boot Barn Holdings IncBOOT disclosed a 7.2 million common stock offering.