U.S. Market Futures Pointing Higher with Earnings Beats

U.S. stock futures are pointing higher in pre-market trading for Thursday, July 14. The Dow Futures are up at 18434.0 for a gain of 146.00 points. The S&P 500 Futures are up at 2161.75 for a gain of 15.75 points. The Nasdaq Futures are higher at 4593.5 for a gain of 32.25 points. The Russell Futures are higher at 1208.8 for a gain of 9.80 points.

In overnight trading in the Eastern Hemisphere Japan’s Nikkei 225 is higher at 16385.89 for a gain of 154.46 points or 0.95 percent. Hong Kong’s Hang Seng Index is higher at 21561.06 for a gain of 238.69 points or 1.12 percent. China’s Shanghai Composite is lower at 3054.02 for a loss of -6.67 points or -0.22 percent. India’s S&P BSE Sensex is higher at 27942.11 for a gain of 126.93 points or 0.46 percent. The FTSE 100 was higher at 6725.29 for a gain of 54.89 points or 0.82 percent. Germany’s DAX is higher at 10068.29 for a gain of 137.58 points or 1.39 percent. France’s CAC 40 is higher at 4376.90 for a gain of 41.64 points or 0.96 percent. The Stoxx Europe 600 is higher at 338.73 for a gain of 2.90 points or 0.86 percent.

Thursday’s Factors and Events

A few leading indicators are on the calendar for Thursday. The day’s reports include Jobless Claims, the Producer Price Index and the Bloomberg Consumer Comfort Index. Fed speeches for the day include James Bullard, Robert Kaplan,
Dennis Lockhart and Esther George.

Stocks trading actively in the pre-market include the following:

Yum! Brands
Chesapeake Energy
Bank of America
Marathon Oil C
Newmont Mining
Kinder Morgan

Earnings reports on the calendar for Thursday include the following:

Colabor Group
First Cash Financial Services, Inc.
First Republic Bank
Progressive Corporation
Peak Resorts
Tata Consultancy
Tata Consultancy Services, Ltd. ADR
Washington Federal, Inc.
Cinedigm Corp.
Kinder Morgan, Inc.
Peregrine Pharmaceuticals Inc.
Resources Connection, Inc.
Simulations Plus, Inc.

Stocks continue to climb higher with positive earnings reports for the second quarter and a pre-market earnings beat from JPMorgan.

Wednesday’s Activity

On Wednesday, the Dow Jones and S&P 500 reached new highs. For the day, the Dow Jones Industrial Average closed at 18372.12 for a gain of 24.45 points or 0.13 percent. The S&P 500 closed at 2152.43 for a gain of 0.29 points or 0.01 percent. The Nasdaq Composite closed at 5005.73 for a loss of -17.09 points or -0.34 percent.

Other notable index closes for the day included the small-cap Russell 2000, closing at 1201.16 for a loss of -4.73 points or -0.39 percent; the S&P 600 closing at 739.28 for a loss of -0.95 points or -0.13 percent; the S&P 400 Mid-Cap Index closing at 1540.69 for a loss of -3.03 points or -0.20 percent; the S&P 100 closing at 951.02 for a gain of 0.03 points or 0.01 percent; the Russell 3000 closing at 1270.15 for a loss of -0.58 points or -0.05 percent; the Russell 1000 closing at 1191.62 for a loss of -0.21 points or -0.02 percent; and the Dow Jones U.S. Select Dividend Index closing at 623.57 for a gain of 0.97 points or 0.16 percent.

Julie Young


Julie Young is a Senior Market Reporter and Analyst

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