US Stock Futures Down; Wal-Mart Earnings In Focus

US stock futures are lower this morning, as investors are awaiting earnings from Wal-Mart Stores Inc WMT. Futures for the Dow Jones Industrial Average dipped 77 points to 11,326.00 and S&P 500 index futures fell 12.60 points to 1,185.80. Nasdaq 100 futures dropped 23.50 points to 2,183.00. US stocks closed higher on Monday, with the Dow Jones Industrial Average surging 1.90% to 11,482.90, the S&P 500 index jumping 2.18% to 1,204.49 and the Nasdaq 100 index rising 1.88% to 2,555.20. Data on July housing starts and import prices will be released at 8:30 a.m. ET. However, data on July industrial production will be released at 9:15 a.m. ET. Wal-Mart Stores Inc is estimated to report its Q2 earnings at $1.08 per share on revenue of $108.26 billion. TJX Companies Inc (The) TJX is expected to report its Q2 EPS at $0.89 on revenue of $5.44 billion. Saks Incorporated SKS is estimated to post a Q2 loss at $0.09 per share on revenue of $663.84 million. Dell Inc DELL is projected to report its Q2 EPS at $0.49 on revenue of $15.76 billion. Dick's Sporting Goods Inc DKS is expected to report its Q2 EPS at $0.50 on revenue of $1.32 billion. Perrigo Company PRGO is expected to report its Q4 EPS at $0.99 on revenue of $706.03 million. Analog Devices Inc ADI is estimated to report its Q3 EPS at $0.74 on revenue of $780.49 million. Agilent Technologies Inc A reported a 61% rise in its fiscal third-quarter profit. Agilent's quarterly earnings surged to $330 million, or $0.92 per share, from $205 million, or $0.58 per share, in the year-earlier quarter. Excluding one-time items, Agilent earned $0.77 per share. Its revenue climbed 22% to $1.69 billion. However, analysts were expecting earnings of $0.73 per share on revenue of $1.66 billion. For the current quarter, Agilent projects adjusted net income of $0.79 to $0.81 per share on revenue of $1.74 billion to $1.76 billion. Analysts were expecting adjusted earnings of $0.81 per share on revenue of $1.75 billion. Urban Outfitters Inc URBN reported a 21% decline in its profit for the fiscal second quarter. Urban Outfitters reported its quarterly net income at $56.7 million, or $0.35 per share, down from $71.7 million, or $0.42 per share, in the year-ago period. Its revenue climbed 10% to $609.2 million from $552.2 million. However, analysts were expecting earnings of $0.32 per share on revenue of $604.1 million. The euro zone's gross domestic product expanded 0.2% in the second quarter versus the preceding three months, Eurostat reported. The German economy expanded 0.1% in the second quarter compared with the preceding three months. European markets were lower today. The STOXX Europe 600 Index dropped 1.13%, London's FTSE 100 Index moved down 0.77%, French CAC 40 index fell 1.30% and German DAX 30 index dropped 2.06%. Most Asian markets ended lower, with Japan's Nikkei Stock Average rising 0.1781%, Australia's S&P/ASX 200 moving down 0.68% and China's Shanghai Composite dropping 0.71%. Hong Kong's Hang Seng Index fell 0.2370% and India's Sensex declined 0.44%. The euro fell 0.4% against the dollar to trade at $1.4381. The dollar index (DXY) gained 0.22% to 74.05.