Thursday, August 30, 2012

US Stock Dow jones Futures Down 8/30/2012

US Stock Dow jones Futures Down 8/30/2012 : US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 44 points to 13,040.00 and S&P 500 index futures fell 5.50 points to 1,401.70. Nasdaq 100 futures declined 10.25 points to 2,771.00.

US stocks closed slightly higher on Wednesday, with the Dow Jones Industrial Average rising 0.03% to 13,107.48, the S&P 500 index gaining 0.08% to 1,410.49 and the Nasdaq 100 index gaining 0.13% to 3,081.19.

Data on weekly jobless claims will be released at 8:30 a.m. ET. However, data on personal income and consumer spending for July will alse be released at 8:30 a.m. ET.

CIENA (NASDAQ: CIEN) is projected to report a Q3 loss at $0.02 per share on revenue of $473.54 million. Bio-Reference Laboratories (NASDAQ: BRLI) is expected to report its Q3 earnings at $0.43 per share on revenue of $173.67 million. SAIC (NYSE: SAI) is estimated to post its Q2 EPS at $0.33 on revenue of $2.65 billion.

Zumiez (NASDAQ: ZUMZ) is expected to post its Q2 EPS at $0.13 on revenue of $135.52 million. Esterline Technologies (NYSE: ESL) is estimated to post its Q3 EPS at $1.13 on revenue of $488.00 million.

Pandora Media (NYSE: P) reported better-than-expected second quarter results and issued an upbeat third-quarter revenue outlook.

Vera Bradley (NASDAQ: VRA) reported a downbeat second-quarter profit and lowered its full-year earnings forecast.

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