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US Stock Futures Down; ADP Data In Focus

Published 05/02/2012, 09:09 AM

US stock futures are slightly lower this morning. Futures for the Dow Jones Industrial Average dropped 16 points to 13,202.00 and S&P 500 index futures fell 2.10 points to 1,398.30. Nasdaq 100 futures declined 5.50 points to 2,713.00.
 
US stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising 0.50% to 13,279.32, the S&P 500 index gaining 0.57% to 1,405.82 and the Nasdaq 100 index rising 0.13% to 3,050.44.
 
The ADP private-sector-payrolls report for April will be released at 8:15 a.m. ET. Data on March factory-orders will be released at 10 a.m. ET.
 
Comcast Corp (NASDAQ: CMCSA) is estimated to report its Q1 earnings at $0.42 per share on revenue of $14.44 billion. R.R. Donnelley & Sons Co (NASDAQ: RRD) is projected to post its Q1 earnings at $0.36 per share on sales of $2.57 billion. Visa Inc (NYSE: V) is expected to post its Q2 EPS at $1.51 on revenue of $2.48 billion.
 
Time Warner Inc (NYSE: TWX) is projected to post its Q1 earnings at $0.64 per share on sales of $6.81 billion. Rowan Companies Inc (NYSE: RDC) is estimated to post its Q1 EPS at $0.34 on revenue of $315.07 million. CVS Caremark Corp (NYSE: CVS) is projected to report its Q1 earnings at $0.62 per share on sales of $30.3 billion. Cooper Tire & Rubber Co (NYSE: CTB) is projected to post its Q1 EPS at $0.31 on revenue of $998.96 million.
 
Public Service Enterprise Group Inc (NYSE: PEG) is expected to post its Q1 EPS at $0.67 on revenue of $3.18 billion. Franklin Resources Inc (NYSE: BEN) is projected to report its FQ2 earnings at $2.20 per share on revenue of $1.75 billion. Genpact Ltd (NYSE: G) is estimated to post its Q1 EPS at $0.20 on revenue of $428.75 million. IAC/InterActiveCorp (NASDAQ: IACI) is estimated to report its Q1 earnings at $0.46 per share on revenue of $592.9 million.
 
CBS Corp (NYSE: CBS) reported an 80% jump in its first-quarter profit.
 
Motorola Mobility Holdings Inc (NYSE: MMI) posted a net loss of $86 million in the first quarter. However, the company reported a 24% rise y/y in its smartphone shipments.

European markets were mostly higher today. The STOXX Europe 600 Index gained 0.16%, French CAC 40 index rose 0.72%. London's FTSE 100 Index moved down 0.40% and German DAX 30 index gained 0.40%.
 
Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.31%, China's Shanghai Composite gaining 1.76% and Australia's S&P/ASX 200 moving up 0.17%. Hong Kong's Hang Seng index gained 1.02% and India's Sensex dropped 0.27%.
 
Nymex crude-oil futures dropped $0.46 to $105.70 a barrel in electronic trade. However, gold futures declined $8.70 to $1,653.70 an ounce.
 
The Dollar Index (DXY) gained 0.5% to 79.259. The euro fell 0.7% against the dollar to trade at $1.3143.
 
The US dollar rose 0.2% versus the Japanese yen to trade at 80.32 yen.

By Monica Gerson

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