US Stock Futures Down As Investors Await Data On Leading Indicators

US stock futures are lower this morning, as investors are awaiting data on leading indicators. Moody's Investors Service downgraded Ireland's credit rating by five notches. Futures for the Dow Jones Industrial Average fell 7 points to 11,424, while those for the S&P 500 lost 1.20 points to 1,237.30. Futures for the Nasdaq 100 moved down 3.25 points to 2,216.00. US stocks closed higher on Thursday, driven by better-than-expected economic reports. The Dow Jones Industrial Average gained 0.36% yesterday. Data on leading economic indicators for November will be released 10 a.m. ET. Research In Motion Ltd RIMM reported its Q3 earnings at $1.74 per share, up from $1.10 per share, in the year-ago period. The company's revenue surged 40% y/y to $5.49 billion. Take-Two Interactive Software Inc TTWO swung to a Q4 profit of $0.58 per share, from a loss of $0.30 per share, in the year-ago quarter. The company's revenue increased 32% y/y to $373.7 million. Oracle Corp ORCL reported its FQ2 net income at $0.37 per share, up from $0.29 per share in the year-earlier period. The company's revenue jumped 47% y/y to $8.6 billion. Moody's Investors Service lowered the credit rating of Ireland by five notches from “Aa2” to “Baa1.” The outlook on the rating is negative. Negative sentiments ruled the European markets today. While STOXX Europe 600 Index has lost 0.40%, London's FTSE 100 Index moved down 0.24%. Mostly Asian markets ended in the negative territory, with Japan's Nikkei Stock Average losing 0.07%, Australia's S&P/ASX 200 moving down 0.32% and China's Shanghai Composite falling 0.15%. Gold for February delivery gained $4.40 to $1,375.40 an ounce. However, crude-oil futures for January moved up $0.19 to $87.89 per barrel. The euro gained about 0.6% against the US dollar, while the greenback also fell against the Japanese yen. Read more from Benzinga's Markets.
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