U.S. stock futures traded higher in early pre-market trade, ahead of earnings from several companies. The Labor Department’s JOLTS report for June is schedule for release at 10:00 a.m. ET, while data on consumer credit for June will be released at 3:00 p.m. ET.
Futures for the Dow Jones Industrial Average rose 75 points to 25,543, while the Standard & Poor’s 500 index futures traded rose 5.50 points to 2,855.50. Futures for the Nasdaq 100 index climbed 19 points to 7,463.00.
Oil prices traded higher as Brent crude futures rose 1.21 percent to trade at $74.64 per barrel, while US WTI crude futures rose 0.84 percent to trade at $69.59 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.74 percent, STOXX Europe 600 Index climbing 0.55 percent and German DAX 30 index rising 0.88 percent. The UK’s FTSE index was trading higher by 0.74 percent, while French CAC 40 Index rose 0.72 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.69 percent, Hong Kong’s Hang Seng Index rose 1.54 percent, China’s Shanghai Composite Index climbed 2.74 percent and India’s BSE Sensex slipped 0.07 percent.
Analysts at Mizuho downgraded PulteGroup, Inc. PHM from Buy to Neutral.
PulteGroup shares rose 0.01 percent to $28.72 in pre-market trading.
- Energen CorporationEGN reported upbeat earnings for its second quarter.
- AES CorpAES reported weaker-than-expected earnings for its second quarter.
- Mallinckrodt PLCMNK reported stronger-than-expected results for its second quarter and raised its FY18 earnings outlook.
- Marriott International IncMAR reported better-than-expected earnings for its second quarter, while sales missed expectations.