U.S. Market Futures Pointing Higher as Global Stocks Gain

U.S. stock futures are pointing higher in pre-market trading for Thursday, June 30. The Dow Futures are up 48.00 points to 17672.0. The S&P 500 Futures are up 5.50 points to 2072.25. The Nasdaq Futures are higher at 4371.25 with a gain of 8.50 points. The Russell Futures are showing a gain of 3.30 points at 1132.4.

In overnight trading in the Eastern Hemisphere, stocks were mostly higher. Hong Kong’s Hang Seng Index was higher at 20794.37 for a gain of 358.25 points or 1.75 percent. Japan’s Nikkei 225 was higher at 15575.92 for a gain of 9.09 points or 0.06 percent. China’s Shanghai Composite was lower at 2929.61 for a loss of -1.99 points or -0.07 percent. India’s S&P BSE Sensex was higher at 26999.72 for a gain of 259.33 points or 0.97 percent. In Europe, stocks were higher. The FTSE 100 closed at 6382.24 for a gain of 22.18 points or 0.35 percent. Germany’s DAX was higher at 9638.51 for a gain of 26.24 points or 0.27 percent. France’s CAC 40 was higher at 4226.68 for a gain of 31.36 points or 0.75 percent. The Stoxx Europe 600 was higher at 327.29 for a gain of 0.80 points or 0.25 percent.

Thursday’s Factors and Events

On Thursday markets will be watching the jobless claims report as the direction for the labor market is still a leading indicator for the Federal Reserve’s monetary policy decisions. The Jobless Claims report will be released at 8:30 AM EST. Also on the calendar for Thursday is the Chicago PMI, the Bloomberg Consumer Comfort Index, the Fed Balance Sheet and the Money Supply. At 2:00 PM EST James Bullard, St. Louis Federal Reserve Bank President, will be giving a speech in London at a meeting for the Society of Business Economists.

Stocks trading actively in pre-market trading include McCormick & Company, Bank of America, Goldman Sachs, Alcoa, Qualcomm, Northern Trust, Perrigo Company PLC, EMC Corp. and Apple.

Earnings reports on the calendar for the day include the following: ConAgra Foods, Inc., Darden Restaurants, Inc., Lindsay Corporation, McCormick & Company, Inc., Paychex, Inc., Schnitzer Steel Industries, Inc., Constellation Brands, Inc. and Franklin Covey Company.

In the U.K. stocks have been improving and on the calendar for Thursday is a speech from Bank of England Governor, Mark Carney.

Wednesday’s Activity

In the U.S., the leading indexes were higher on Wednesday. The Dow Jones Industrial Average was higher at 17694.68 for a gain of 284.96 points or 1.64 percent. The S&P 500 was also higher, closing at 2070.77 for a gain of 34.68 points or 1.70 percent. The Nasdaq composite closed higher at 4779.25 for a gain of 87.38 points or 1.86 percent.

Untitled

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

Other notable index closes in the U.S. included the small-cap Russell 2000, closing higher at 1131.62 for a gain of 24.32 points or 2.20 percent; the S&P 600 closing at 693.87 for a gain of 14.03 points or 2.06 percent; the S&P 400 Mid-Cap Index closing at 1468.20 for a gain of 25.70 points or 1.78 percent; the Russell 3000 closing at 1219.61 for a gain of 21.16 points or 1.77 percent; and the Dow Jones U.S. Select Dividend Index closing at 600.15 for a gain of 8.96 point or 1.52 percent.

Julie Young

[email protected]

Julie Young is a Senior Market Reporter and Analyst

You may also like...

Rules of Discussion on U.S. Market Futures Pointing Higher as Global Stocks Gain

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean