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U.S. Stock Futures Down Ahead Of Economic Data

ByBenzinga
AuthorBenzinga
Published 06/08/2012, 08:12 AM
Updated 05/14/2017, 06:45 AM
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U.S. stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 31 points to 12,375.00 and S&P 500 index futures fell 3.70 points to 1,306.30. Nasdaq 100 futures dropped 6.75 points to 2,523.75.
 
U.S. stocks closed mixed on Thursday, with the Dow Jones Industrial Average surging 0.37% to 12,460.96, the S&P 500 index dropping 0.01% to 1,314.99 and the Nasdaq 100 index falling 0.48% to 2,831.02.
 
The Commerce Department reported this morning that the trade deficit for April narrowed by a seasonally-adjusted 4.9% to $50.1 billion, while data on wholesale inventories for April is to be released at 10 a.m. ET.
 
KMG Chemicals Inc (NASDAQ: KMGB) is projected to report its FQ3 earnings at $0.33 per share.
 
Piedmont Natural Gas Co (NYSE: PNY) reported a 6% rise in its profit in the fiscal second quarter.
 
Quiksilver Inc (NYSE: ZQK) reported narrower fiscal second-quarter loss.
 
McDonald's Corp (NYSE: MCD) is scheduled to report sales figures for May.
 
European markets were lower today. The STOXX Europe 600 Index declined 0.66%, London's FTSE 100 Index moved down 0.68%, French CAC 40 index fell 0.76% and German DAX 30 index dropped 0.51%. Fitch Ratings downgraded Spanish debt to BBB.
 
Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 2.09%, Australia's S&P/ASX 200 moving down 1.09% and China's Shanghai Composite dropping 0.51%. Hong Kong's Hang Seng Index fell 0.94% and India's Sensex surged 0.42%.
 
Crude-oil futures dropped $2.42 to $84.41 a barrel. However, gold futures for August delivery declined 0.6% to $1,578.70.
 
The dollar index (DXY) rose to 82.749 from 82.241 on Thursday.

BY Monica Gerson

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