US Stock Futures Down Ahead Of Citigroup Earnings

US stock futures are lower this morning, as investors are awaiting earnings from Citigroup C. Futures for the Dow Jones Industrial Average declined 35 points to 12,677.00 and S&P 500 index futures fell 3.70 points to 1,348.00. Nasdaq 100 futures dropped 6.75 points to 2,570.25. US stocks closed higher on Friday, with the Dow Jones Industrial Average surging 1.62% to 12,777.09, the S&P 500 index rising 1.65% to 1,356.78 and the Nasdaq 100 index gaining 1.48% to 2,908.47. Data on June retail-sales will be released at 8:30 a.m. ET. However, the New York Federal Reserve's Empire State Index for the month of July will be released at 8:30 a.m. ET. Data on May inventories will be released at 10 a.m. ET. Citigroup C is expected to report its Q2 earnings at $0.89 per share on revenue of $18.76 billion. Packaging Corp. of America PKG is projected to post its Q2 EPS at $0.45 on revenue of $689.39 million. JB Hunt Transport Services JBHT is projected to post its Q2 earnings at $0.67 per share on revenue of $1.30 billion. Gannett Co GCI is expected to report its Q2 earnings at $0.52 per share on revenue of $1.32 billion. Cintas CTAS is projected to post its Q4 earnings at $0.60 per share on revenue of $1.07 billion. Lincare Holdings LNCR is estimated to post its Q2 EPS at $0.55 on revenue of $503.38 million. European markets were lower today. The STOXX Europe 600 Index fell 0.12%, London's FTSE 100 Index dropped 0.25%, French CAC 40 Index declined 0.28% and German DAX 30 index fell 0.27%. Asian markets ended mixed, with China's Shanghai Composite dropping 1.74% and Australia's S&P/ASX 200 rising 0.60%. Hong Kong's Hang Seng Index gained 0.15% India's Sensex fell 0.71%. Nymex crude-oil futures declined $0.34 to $86.76 a barrel in electronic trade, while gold futures fell $7.60 to trade at $1,584.40 an ounce. The dollar index gained 0.3% to 83.601. The dollar dropped 0.3% against the Japanese yen to trade at ¥79.01. The euro declined 0.5% against the US dollar to trade at $1.2188.