US Stock Futures Up; ISM Manufacturing Data In Focus

US stock futures are higher this morning, as investors are awaiting ISM manufacturing data. Futures for the Dow Jones Industrial Average surged 22 points to 13,101.00 and S&P 500 index futures rose 1.80 points to 1,406.90. Nasdaq 100 futures gained 6.75 points to 2,777.75. US stocks closed higher on Friday, with the Dow Jones Industrial Average rising 0.69% to 13,090.84, the S&P 500 index gaining 0.51% to 1,406.58 and the Nasdaq 100 index surging 0.60% to 3,066.96. The Institute for Supply Management's August manufacturing index will be released at 10 a.m. ET. The Markit purchasing-managers' index for the month of August will be released at 8:55 a.m. ET and construction spending data for July will be released at 10 a.m. ET. Campbell Soup Co CPB is projected to report its Q4 earnings at $0.39 per share on revenue of $1.59 billion. Finisar FNSR is projected to post its Q1 EPS at $0.14 on revenue of $226.28 million. Pep Boys - Manny, Moe & Jack PBY is projected to post its Q2 earnings at $0.16 on revenue of $528.27 million. General Motors GM is expected to report its sales figures for August. Valeant Pharmaceuticals International VRX announced its plans to acquire Medicis Pharmaceutical MRX for $2.6 billion in cash. European markets were lower today. The STOXX Europe 600 Index declined 0.42%, French CAC 40 index dropped 0.45%. London's FTSE 100 Index moved down 0.70% and German DAX 30 index fell 0.17%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.10%, China's Shanghai Composite dropping 0.75% and Australia's S&P/ASX 200 moving down 0.60%. Hong Kong's Hang Seng index declined 0.66% and India's Sensex gained 0.32%. Nymex crude-oil futures gained $0.70 to trade at $97.17 a barrel in electronic trade, while gold futures climbed $6.80 to $1,694.40 an ounce. The dollar index (DXY) declined 0.1% to 81.139. The euro gained 0.1% versus the dollar to trade at $1.2603. The US dollar rose 0.23% versus the Japanese yen to trade at ¥78.4450.
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