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Retail Earnings Anticipation Lifts US Equity Futures Pre-Bell
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Retail Earnings Anticipation Lifts US Equity Futures Pre-Bell
Mar 3, 2025 6:14 AM

08:59 AM EST, 03/03/2025 (MT Newswires) -- US equity futures rose ahead of Monday's opening bell as traders eyed a fresh batch of quarterly earnings updates from Corporate America due for release this week, including from major retailers.

Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures increased 0.3%, and Nasdaq futures were up 0.6%.

Target ( TGT ) , Costco (COST), Kroger ( KR ) , Macy's (M), and AutoZone ( AZO ) are scheduled to report earnings later this week, among others.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $73.22 per barrel and US West Texas Intermediate crude up 0.5% at $70.13 per barrel.

S&P Global's manufacturing purchasing managers' index, scheduled for release at 9:45 am ET, is seen coming in unchanged from the initial estimate at 51.6 in the final reading for February, according to forecasts compiled by Bloomberg.

The Institute for Supply Management's manufacturing purchasing managers' index, due at 10 am ET, is expected to come in at 50.6 for February versus 50.9 in January. Meanwhile, a 0.1% downtick is expected for Construction Spending for January versus a 0.5% gain previously.

In other world markets, Japan's Nikkei closed 1.7% higher, Hong Kong's Hang Seng ended 0.3% higher, and China's Shanghai Composite finished 0.1% lower. Meanwhile, UK's FTSE 100 gained 0.6%, Germany's DAX index increased 2.6%, France's CAC 40 increased 1.4% and Spain's IBEX 35 increased 0.4% in Europe's early afternoon session.

In equities, Aclarion ( ACON ) shares were up 102% pre-bell after the company said it secured its first commercial deal with Scripps Health.

On the losing side, ADT (ADT) stock was 5.3% lower after the company said a secondary offering of its shares held by entities managed by Apollo Global Management ( APO ) was launched.

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