Markets

US Futures Gain as Small Business Optimism Edges Higher; Job Openings Seen Slipping in June

U.S. stock futures were a little more firmly in the black on Tuesday as small business optimism gained in July and ahead of the Labor Department's Job Openings and Labor Turnover Survey.

The NFIB Small Business Optimism index edged higher to 95.7 in July from 95.0 and only slightly below the consensus for 95.8.

Job openings, out at 10:00 a.m. E.T. are expected to have declined to 4.59 million in June from 4.64 million in May, according to data compiled by Econoday. The consensus range is for between 4.55 million to 4.70 million.

In equities, fashion designer Kate Space ( KATE ) jumped 6% in pre-market trade after its Q2 sales topped expectations and as it raised its adjusted EBITDA guidance range. One of the biggest decliners was Nuance Communications ( NUAN ), a provider of voice and language solutions, down 8.6% after reporting its fiscal Q3 sales were well below analysts' estimates.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.06%

-S&P 500 futures up 0.11%

-Nasdaq 100 futures up 0.11%

-Nasdaq-100 Pre-Market Indicator up 0.08%

GLOBAL SENTIMENT

Nikkei up 0.20%

Hang Seng up 0.18%

Shanghai Composite down 0.35%

FTSE-100 down 0.10%

DAX-30 down 0.59%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+) Chip stocks: unchanged to higher

(+/-) Software stocks: unchanged

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: mixed

(+/-) Drug stocks: mixed

(+/-) Financial stocks: mixed

(+/-) Retail stocks: mixed

(+/-) Industrial stocks: mixed

(+) Airlines: higher

(+/-) Autos: mixed

UPSIDE MOVERS

(+) EXAS (+7.6%) FDA approves stool DNA colorectal cancer screening test

(+) ICPT (+47.6%) Leerink Swann upgrades stock; reports Q2 profit

(+) TWTR (+1.8%) Targets China entry

(+) AER (+2.9%) Q2 results beat views

(+) INSY (+15.8%) Reports strong Q2, submits NDA for AIDS-related weight loss

(+) FRF (+40.3%) Tiptree buys co for $218 million

(+) PUK (+2.2%) Q2 profit climbs, raises quarterly dividend

(+) CRNT (+2.5%) To provide backhaul solutions to Columbia broadband project

(+) SOL (+4.9%) Q2 exceeds expectations

(+) APRI (+1.5%) Q2 improves, gets $22 million equity injection

DOWNSIDE MOVERS

(-) DNDN (-22.2%) Debt repayment could reduce shareholders' ownership

(-) FLO (-7.8%) Reports Q2 miss; cuts FY 2014 guidance

(-) TCAP (-3.6%) Starts 4-million-share-sale

(-) BPL (-3.2%) To sell 2.6 million limited partnership units

(-) NIHD (-55.7%) Likely to file for chapter 11 bankruptcy protection

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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