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WMT

Wall Street Strengthens on Upbeat Earnings, Benign Inflation Data

U.S. stock futures were extending Monday's rally, fueled by upbeat earnings from Walmart ( WMT ) and Home Depot ( HD ), as well as stock market gains across Europe as overseas investors discounted the potential impact to the global economy from the Paris attacks.

The first round of Tuesday's economic data was also supportive as the October consumer price index increased by a benign 0.2%, meeting Wall Street expectations. Excluding the volatile food and fuel segment, prices at the consumer level were also just 0.2% higher.

This morning's remain data includes October capacity utilization and industrial production data, and the National Association of Home Builders (NAHB) housing market index.

Retail earnings have so far been mixed with Walmart and Home Depot reporting positive results, offsetting disappointing results from Dick's Sporting Goods ( DKS ) and Urban Outfitters ( URBN ). Shares of Angie's List ( ANGI ) are sharply lower after rejecting IAC/Interactive's (IACI) $8.75 per share bid.

-Dow Jones Industrial up 0.38%

-S&P 500 futures up 0.42%

-Nasdaq 100 futures up 0.45%

SENTIMENT

Nikkei up 1.22%

Hang Seng up 1.15%

Shanghai Composite down 0.04%

FTSE-100 up 1.74%

DAX-30 up 1.93%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: Higher

(+/-) Chip stocks: Higher

(+/-) Software stocks: Higher

(+/-) Hardware stocks: Higher

(+/-) Internet stocks: Higher

(+/-) Drug stocks: Higher

(+/-) Financial stocks: Higher

(+/-) Retail stocks: Higher

(+/-) Industrial stocks: Higher

(+/-) Airlines: Higher

(+/-) Autos: Higher

UPSIDE MOVERS:

(+) OCRX (+17.46%) Announced positive results from the Phase 1 study of OCR-002

(+) NUAN (+9.09%) Reported better-than-expected Q4 earnings

(+) CLLS (+8.08%) Q3 results beat analyst's expectations

(+) HD (+2.93%) Beat Q3 earnings and

(+) WMT (+2.09%) Q3 earnings tops estimates, gives upbeat profit outlook

DOWNSIDE MOVERS:

(-) DKS (-15.98%) Missed Q3 earnings and issued downbeat forecast

(-) URBN (-13.50%) Reported downbeat Q3 revenue, but in-line quarterly earnings

(-) ANGI (-9.46%) Board rejected IAC/Interactive (IACI) bid

(-) CLVS (-6.55%) Downgraded at Goldman Sachs to neutral from buy, lowered price target by $100

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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