US Stock Futures Up As Investors Await New-Home Sales Data, Crude Oil Rises Above $105 a barrel

US stock futures are higher this morning, as investors are awaiting new-home sales data. Crude oil prices surged above $105 a barrel. Futures on the Dow Jones Industrial Average gained 27 points to 11,982.00 and S&P 500 index futures rose 3.30 points to 1,291.60. Futures for the Nasdaq 100 rose 1 point to 2,258.25. US stocks closed lower on Tuesday, with the Dow Jones Industrial Average dropping 0.15% to 12,018.63, the S&P 500 index falling 0.36% to 1,294 and the Nasdaq 100 index declining 0.31% to 2,684. Data on February new-home sales will be released at 8:30 a.m. ET. Federal Reserve Chairman Ben Bernanke will deliver a speech at the Independent Community Bankers of America National Convention. Adobe Systems Incorporated

reported its Q1 net income at $234.6 million, or $0.46 per share, up from $127.2 million, or $0.24 per share, in the year-ago period. Excluding one-time items, the company's earnings came in at $298.1 million, or $0.58 per share. ADBE's total revenue surged around 20% to $1 billion. However, analysts were expecting earnings of $0.57 per share on revenue of $1 billion. The company lowered its projections for the second quarter. Jabil Circuit Inc

reported its FQ2 profit at $55.4 million, or $0.25 per share, up from $29.8 million, or $0.14 per share, in the year-ago quarter. Excluding one-time items, the company's earnings came in at $118.8 million, or $0.54 per share. JBL's revenue jumped around 31% to $3.93 billion. However, analysts had expected Jabil to report earnings of $0.51 per share on revenue of $3.92 billion. The company also issued upbeat projections for the fiscal third quarter. General Mills Inc

is expected to report its Q3 EPS at $0.56 on revenue of $3.69 billion. SAIC Inc

is projected to report its Q4 EPS at $0.30 on revenue of $2.74 billion. H. B. Fuller Company

is estimated to report its Q1 EPS at $0.32 on revenue of $341.85 million. Red Hat Inc

is expected to post its Q4 earnings at $0.22 per share on revenue of $236.00 million. Paychex Inc

is estimated to post its Q3 EPS at $0.35 on revenue of $528.11 million. Micron Technology Inc

is projected to report its Q2 EPS at $0.03 on revenue of $2.06 billion. Positive sentiment ruled the European markets today. While STOXX Europe 600 Index has gained 0.29%, London's FTSE 100 Index moved up 0.44%. Asian markets ended mixed, with Japan's Nikkei Stock Average dropping 1.65%, Australia's S&P/ASX 200 moving up 0.19% and China's Shanghai Composite rising 1.01%. Hong Kong's Hang Seng Index fell 0.14% and India's Sensex climbed 1.21%. Light crude for May delivery gained 0.33%, or $0.35 to $105.32 a barrel on Globex. The US dollar dropped 0.3% versus the Japanese yen to ¥80.819. However, the euro gained 0.2% to $1.4189 against the dollar. Read more