|
*
Oil prices fell after OPEC indicated there would be no output
cuts despite a huge global oversupply, while copper was lower on
lingering worries about demand in top consumer China.
* A sharp selloff in Chinese shares over the past weeks has
stoked concerns about a slowdown in growth in the world's
second-biggest economy.
* Wall Street ended flat on Thursday as investors digested
ho-hum corporate earnings and new data showed that economic
growth accelerated in the second quarter, bolstering a case for
a rate hike in September.
* Exxon Mobil <XOM.N>, Royal Caribbean <RCL.N> and Chevron <CVX.N>
are scheduled to report before the opening bell.
* With more than half of the S&P 500 companies having reported
quarterly results, analysts expect overall earnings to edge up 1
percent and revenue to decline 3.6 percent, according to Thomson
Reuters data.
* Valuations remain a concern. The S&P 500 is trading near 16.8
times forward 12-month earnings, above the 10-year median of
14.7 times, according to StarMine data.
* Data expected on Friday includes the University of Michigan's
final July reading on the overall index on consumer
sentiment at 10 a.m. ET (1400 GMT), which is estimated to come
in at 94.0, a bit higher from a preliminary reading of 93.3.
* LinkedIn <LNKD.N> shares fell 6.3 percent to $212.83 in
premarket trading after the operator of the biggest social
networking site for professionals reported a bigger net loss.
* FireEye <FEYE.O> fell 5 percent to $45.35 after the
cybersecurity company reported its slowest quarterly revenue
growth since going public in 2013, and said its Chief Financial
Officer will step down.
* Expedia <EXPE.O> rose 8.3 percent to $116.55 after the company
posted a second-quarter profit above analysts' expectations and
announced a larger dividend.
* Electronic Arts <EA.O> was down 1.9 percent at $70.90 after
the video game publisher's forecast fell short of estimates.
Futures snapshot at 7:18 a.m. ET:
* S&P 500 e-minis <ESc1> were down 4.25 points, or 0.2 percent,
with 80,608 contracts traded.
* Nasdaq 100 e-minis <NQc1> were down 8.5 points, or 0.18
percent, on volume of 12,198 contracts.
* Dow e-minis <1YMc1> were down 28 points, or 0.16 percent, with
9,667 contracts changing hands.
(Editing by Don Sebastian)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed. |
|
