US Stock Futures Flat As Investors Await Housing, Consumer-Sentiment Data

US stock futures are mixed this morning, as investors are awaiting housing and consumer-sentiment data. Futures on the Dow Jones Industrial Average dropped 9 points to 12,400.00 and futures on the S&P 500 stock index rose 0.20 point to 1,326.70. Nasdaq 100 futures gained 0.75 point to 2,326.00. US stocks closed higher on Thursday, with the Dow Jones industrial average gaining 0.07% to 12,402.76, the broader Standard & Poor's 500 index rising 0.40% to 1,325.69 and the NASDAQ composite index surging 0.78% to 2,782.92. Markets in the US and the UK will be closed on Monday for national holidays. Data on personal-income for April will be released at 8:30 a.m. ET. However, reports on May consumer sentiment and April pending home sales will be released after the opening bell. Marvell Technology Group Ltd MRVL reported its FQ1 net income at $146.9 million, or $0.22 per share, from $205.8 million, or $0.30 per share, in the year-ago period. Its adjusted net income came in at $0.29 per share, excluding items. The company's revenue dropped 6% to $802 million from $856 million. However, analysts were expecting earnings of $0.30 per share on revenue of $826.12 billion. For the current quarter, Marvell Technology projects adjusted net income of $0.37 per share on revenue of 870 million to $910 million. However, analysts expected earnings of $0.33 per share on revenue of $875.5 million. Shares of Advanced Analogic Technologies Inc AATI jumped about 52.8% in pre-market trading after Skyworks Solutions Inc SWKS agreed to buy AATI for $6.13 per share in cash and stock, representing a 57% premium to Advanced Analogic's closing share price on Thursday. Asian markets ended mixed, with Japan's Nikkei Stock Average dropping 0.42%, Australia's S&P/ASX 200 moving up 0.53% and China's Shanghai Composite declining 0.97%. Hong Kong's Hang Seng Index rose 0.95% and India's Sensex jumped 1.28%. European markets were higher today. The STOXX Europe 600 Index has gained 0.56%, London's FTSE 100 Index moved up 0.77%. The US dollar fell versus its major rivals. The euro gained 0.5% to $1.4211 and the dollar declined 0.3% to 80.99 Japanese yen. The dollar index (DXY) dropped 0.5% to 75.241. Crude oil for July delivery rose $0.35 to $100.58 a barrel in electronic trading on Globex. Read more from Benzinga's Markets.
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