This morning, the S&P 500 Index e-mini futures (ES-H3) are trading higher by 1.75 points to $1497.25 per contract. Corporate earnings are still being released so traders must continue to be aware of each individual stock ahead of their earnings report. Today, before the bell leading stocks such as Caterpillar Inc (CAT), Jos. A. Bank Clothiers Inc (JOSB) reported earnings. Leading stocks such as Seagate Technology PLC (STX), VMWare Inc (VMW), and Yahoo Inc (YHOO) are some stocks that will report after the closing bell this afternoon.
Last night, the Asian markets were mixed. The big winner in Asia was the Shanghai Index (China) finishing higher by 2.43 percent. This tells us that the Chinese ADR's could be trade higher throughout the session if the U.S. markets are strong. Leading Chinese equities such as Baidu.com Inc (ADR) (NASDAQ:BIDU), China Mobile Ltd ADR (NYSE:CHL), SINA Corp (NASDAQ:SINA), and the Market Vectors China ETF Trust (NYSEARCA:PEK) could all see early upside at the start of the trading session.
Below you may find the video.