US STOCKS-Futures higher a day after consumer stocks-led rout

jueves 12 de mayo de 2016 07:39 GYT
 

* Futures up: Dow 69 pts, S&P 11 pts, Nasdaq 24 pts

By Tanya Agrawal

May 12 (Reuters) - U.S. stock index futures were higher on Thursday, a day after a rout led by consumer stocks led to the Dow post its biggest one-day drop in three months.

* Helping support the early rebound, oil prices were steady after the International Energy Agency said it expects a significant reduction in supplies later this year.

* Wall Street dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector.

* The first retailer report on Thursday did little to assuage concerns. Shares of Kohl's fell 6.9 percent to $36 premarket after the department store operator reported its first drop in net sales in six quarters.

* Ralph Lauren is scheduled to report results before markets open, while Nordstrom and Dillard's are expected to report after the close.

* First-quarter earnings for S&P 500 companies have mostly beaten analysts' expectations, but are estimated to have fallen 5.4 percent from a year ago, according to Thomson Reuters data.

* Jack in the Box rose 10.9 percent at $72.26 after the hamburger restaurant chain operator's quarterly results beat expectations.   Continuación...