US and Global Markets in Green Monday
- By Omar Venerio
U.S. stock market indexes opened in the green. Futures for the Dow Jones Industrial Average advanced 53 points to 22,272. The Standard & Poor's 500 index futures lost 5 points to 2,502 and futures for the Nasdaq 100 index advanced 10 points to 6,005. The dollar index is down 0.01% at 91.84, while the U.S. 10-year bond yields 2.215% and the German 10-year bond yields 0.445%.
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The intrinsic value of SCS
Steelcase Inc. (SCS) shares will experience high volume today, as Wall Street expects the company to post second-quarter 2018 earnings per share of 23 cents on revenue of $759.83 million after the closing bell. Shares closed up almost 2% at $14.25 on Friday.
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Global Markets
The main European stock markets traded higher. The FTSE 100, France's CAC 40, Germany's DAX and the IBEX 35 were up 0.52%, 0.21%, 0.30% and 0.14% respectively.
In Asia, Japan's Nikkei Index, Hong Kong's Hang Seng, China's Shanghai Composite and India's Sensex were up 0.52%, 1.27%, 0.28% and 0.47% respectively.
Disclosure : The author holds no positions in any stocks mentioned.
This article first appeared on GuruFocus.
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The intrinsic value of SCS