U.S. Market Futures Pointing Higher Ahead of Third Quarter Earnings Reports

U.S. stock futures are pointing higher in pre-market trading for Monday, October 10. The Dow Futures are at 18203.0 for a gain of 46.00. The S&P 500 Futures are at 2153.5 for a gain of 7.00 points. The Nasdaq Futures are at 4874.0 for a gain of 15.00 points. The Russell Futures are at 1235.9 for a gain of 4.20 points.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is at 16860.09 for a loss of -39.01 points or -0.23 percent. Hong Kong’s Hang Seng Index is at 23851.82 for a loss of -100.68 points or -0.42 percent. China’s Shanghai Composite is at 3048.14 for a gain of 43.44 points or 1.45 percent. India’s S&P BSE Sensex is at 28082.34 for a gain of 21.20 points or 0.08 percent. In Europe, the FTSE 100 is at 7049.44 for a gain of 5.05 points or 0.07 percent. Germany’s DAX is at 10535.37 for a gain of 44.51 or 0.42 percent. France’s CAC 40 is at 4462.20 for a gain of 12.29 points or 0.28 percent. The Stoxx Europe 600 is at 339.89 for a gain of 0.25 points or 0.07 percent.

Monday’s Factors and Events

Stocks are pointing higher Monday as third quarter earnings begin this week. On the economic calendar Monday is the TD Ameritrade IMX report. Charles Evans from the Federal Reserve is also speaking on Monday. Trading is likely to be light as banks and credit unions are closed for the Columbus Day holiday.

Stocks trading actively Monday include the following:

Mylan

Gap

Chesapeake Energy

Merck

Kinder Morgan

Advance Auto Parts

W W Grainger

Honeywell International

Tyson Foods

Friday’s Activity

U.S. market indexes were lower Friday. For the day the Dow Jones Industrial Average closed at 18240.49 for a loss of -28.01 points or -0.15 percent. The S&P 500 was also down, closing at 2153.74 for a loss of -7.03 points or -0.33 percent. The Nasdaq Composite closed lower at 5292.40 for a loss of -14.45 points or -0.27 percent.

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Source: DJIA, S&P 500 and Nasdaq Composite. Google Finance.

Other notable index closes included the small-cap Russell 2000 Index lower at 1236.56 for a loss of -9.68 points or -0.78 percent; the S&P 600 Small-Cap Index lower at 749.06 for a loss of -5.96 points or -0.79 percent; the S&P 400 Mid-Cap Index at 1533.96 for a loss of -10.28 points or -0.67 percent; the S&P 100 Index at 955.09 for a loss of -1.74 points or -0.18 percent; the Russell 3000 Index at 1274.60 for a loss of -4.83 points or -0.38 percent; the Russell 1000 Index at 1193.31 for a loss of -4.12 points or -0.34 percent; and the Dow Jones U.S. Select Dividend Index at 602.78 for a loss of -2.41 points or -0.40 percent.

Julie Young

julie@dowfutures.org

Julie Young is a Senior Market Reporter and Analyst

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