Futures higher, Boeing strike vote, Oracle outlook - what's moving markets
Stock futures point to solid open, Boeing strike vote today, Oracle outlook
Dow futures up 132 pts; S&P 500 futures up 18 pts; Nasdaq 100 futures up 51 1/2 pts
U.S. stock futures pointed to a solid open on Wednesday following another record close for the major averages. The Dow Jones Industrial Average closed at a record high on Tuesday, boosted by gains in Boeing and Caterpillar . The S&P 500 index also closed at a record high, led by gains in technology and consumer discretionary stocks. The Nasdaq Composite index closed just shy of its all-time high, weighed down by losses in Apple and Amazon.com.
Investors will be watching the outcome of a strike vote by Boeing machinists later today. The vote could lead to a strike that would disrupt production of the company's 737 Max aircraft. Boeing shares were up 1.5% in premarket trading.
Oracle is scheduled to report its fiscal fourth-quarter earnings after the market close. The company is expected to report a profit of $1.40 per share on revenue of $11.45 billion. Oracle shares were up 1.2% in premarket trading.
Other notable earnings reports scheduled for today include:
The economic calendar is relatively light today, with only a few minor reports scheduled for release.
International markets
European stocks were mostly higher in early trading, with the FTSE 100 index up 0.4%, the DAX index up 0.3%, and the CAC 40 index up 0.2%. Asian stocks were mixed, with the Nikkei 225 index down 0.3%, the Hang Seng index up 0.2%, and the Shanghai Composite index up 0.1%.
Oil prices were higher, with Brent crude up 0.5% to $82.06 per barrel and WTI crude up 0.6% to $79.42 per barrel. Gold prices were little changed, with spot gold down 0.1% to $1,804.63 per ounce.
Currency markets
The U.S. dollar was mostly weaker against other major currencies, with the euro up 0.1% to $1.1791, the yen up 0.2% to 113.53 yen per dollar, and the British pound up 0.1% to $1.3874.
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