US stock futures are lower this morning as investors are awaiting ADP jobs data. Futures on the Dow Jones Industrial Average fell 59 points to 11,560.00 and S&P 500 futures dropped 8.10 points to 1,257.20. Futures for the Nasdaq 100 index fell 13 points at 2,232.50.
US stock markets closed mixed yesterday, with the Dow gaining 0.18%, the Nasdaq Composite losing 0.38% and S&P 500 dropping 0.13%.
The ADP employment report for December will be released at 8:15 a.m. ET, while the ISM non-manufacturing index for December is due at 10 a.m. ET. US jobs data will be released on Friday.
Mosaic Co MOS reported its FQ2 earnings at $2.29 per share, up from $0.24 per share in the year-ago period. Excluding gains from the sale of its stake in Fosfertil SA, Mosaic posted its earnings at $1.01 per share. The company's sales surged 59% y/y to $2.7 billion.
Trident Microsystems Inc TRID lowered its projections for the fourth quarter. The company now projects revenue of $115 million to $120 million, versus its earlier forecast of $130 million to $140 million. TRID projects its adjusted Q4 operating loss of $18 million to $22 million, versus its earlier loss forecast of $4 million to $8 million.
Family Dollar Stores Inc FDO is expected to report its FQ1 EPS at $0.61. Walgreen Co WAG is all set to report its December sales.
Negative sentiment ruled the European markets today. While STOXX Europe 600 Index has dropped 0.75%, London's FTSE 100 Index moved down 0.58%.
Mostly Asian markets ended in the negative territory, with Japan's Nikkei Stock Average losing 0.17%, Australia's S&P/ASX 200 moving down 0.59% and China's Shanghai Composite dropping 0.50%.
The dollar rose against the euro. The euro dropped 0.5% to $1.3230. Gold futures gained slightly in electronic trading.
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