Pre-open movers
After moving up modestly on strong economic data from the UK and Germany, US stock futures held their gains after Honeywell HON and Ford F reported their results. While futures on the Dow Jones Industrial Average added 30 points to 10297, those on the S&P 500 moved up 4 points to 1091.70. Meanwhile, Nasdaq 100 futures climbed 8 points to 1860.75.
A Peek Into Global Markets
Sentiments in the European markets are mixed, with STOXX Europe 600 Index advancing 0.38% and London’s FTSE 100 Index moved down 0.23%.
Asian markets ended in the positive territory, with Japan's Nikkei Stock Average adding 2.28%, Australia's S&P/ASX 200 moving up 1.83% and China's Shanghai Composite gaining 0.38%.
Broker Recommendation
Beckman Coulter, Inc BEC reported disappointing 2Q earnings, and missed estimates in all segments. Beckman is a manufacturer of biomedical testing instruments and supplies. Piper Jaffray analysts William Quirk and David Clair promptly downgraded Beckman to Neutral. To read the full report, click here.
Breaking news
Market News and Data brought to you by Benzinga APIs- Banco Santander S.A. STD today announced the completion of the tender offer by its wholly-owned subsidiary, Administracion de Bancos Latinoamericanos Santander, S.L. ("ABLASA"), for all outstanding shares of common stock of Santander BanCorp (SBP) not owned by ABLASA at US$12.69 per share. To read the full news, click here.
- Honeywell International Inc HON reports its Q2 EPS at $0.60, higher than the consensus of $0.57. HON reports its Q2 revenue at $8.16 billion versus the consensus of $8.0 billion. To read the full news, click here.
- Microsoft Corporation MSFT reports Q4 EPS $0.51 vs consensus of $0.46. Microsoft Corporation reports Q4 revenue $16.04 billion vs consensus of $15.27 billion. Diluted EPS rose 22% year over year for Q4. FY 2010 EPS rose 50% year over year. To read the full news, click here.
- Ford Motor Company F reports Q2 EPS at $0.61, beating the consensus of $0.40. To read the full news, click here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: EarningsLong IdeasNewsFuturesGlobalPre-Market OutlookIntraday UpdateMarketsMoversTrading IdeasAerospace & DefenseAutomobile ManufacturersConsumer DiscretionaryDiversified BanksFinancialsHealth CareHealth Care EquipmentIndustrialsInformation TechnologyRegional BanksSystems Software
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