A Peek Into The Markets: U.S. Stock Futures Mostly Lower Ahead Of Fed Speakers, Economic Data

Pre-open movers

U.S. stock futures traded mostly lower in early pre-market trade. The flash Composite Purchasing Managers' Index for June is schedule for release at 9:45 a.m. ET, while data on new home sales for May will be released at 10:00 a.m. ET. St. Louis Federal Reserve Bank President James Bullard is set to speak in Nashville, TN at 11:15 a.m. ET, while Cleveland Federal Reserve Bank President Loretta Mester will speak in Cleveland, Ohio at 12:40 p.m. ET. Federal Reserve Board Gov. Jerome Powell is set to speak at the Federal Reserve Bank of Chicago Symposium at 2:15 p.m. ET.

Futures for the Dow Jones Industrial Average slipped 40 points to 21,308.00, while the Standard & Poor’s 500 index futures rose 0.25 points to 2,431.75. Futures for the Nasdaq 100 index declined 5 points to 5,781.00.

Oil prices traded higher as Brent crude futures rose 0.24 percent to trade at $45.33 per barrel, while US WTI crude futures gained 0.16 percent to trade at $42.81 a barrel. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.95 percent, STOXX Europe 600 Index declining 0.42 percent and German DAX 30 index dropping 0.75 percent. The UK's FTSE index was trading lower by 0.45 percent, while French CAC 40 Index fell 0.58 percent.

In Asian markets, Japan’s Nikkei Stock Average rose 0.11 percent, Hong Kong’s Hang Seng Index declined 0.02 percent, China’s Shanghai Composite Index gained 0.33 percent and India’s BSE Sensex fell 0.49 percent.

Broker Recommendation

Analysts at Deutsche Bank upgraded RH RH from Hold to Buy.

RH shares rose 1.89 percent to $57.72 in pre-market trading.

Breaking news

• BlackBerry Ltd BBRY reported better-than-expected earnings for its third quarter, while revenue missed expectations.



• Bed Bath & Beyond Inc. BBBY reported weaker-than-expected results for its first quarter on Thursday.



• Finish Line Inc FINL reported in-line earnings for its first quarter, while sales missed estimates.



• Repligen Corporation RGEN reported a deal to buy privately-held Spectrum for $359 million.