Dow Futures Flat as Constellation Brands' Sales Doublehttp://www.fool.com/investing/general/2013/10/03/dow-futures-flat-as-constellation-brands-sales-dou.aspx Demitrios Kalogeropoulos
October 3, 2013
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
According to stock index futures as of 7:20 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) will open slightly lower this morning, falling by 22 points at the opening bell. There is no quick end in sight to the government shutdown, and that means investors likely won't see the Bureau of Labor Statistics' highly anticipated Employment Situation Summary report tomorrow, when it would normally be released. That report apparently won't be processed until the shutdown is over.
Other governments around the world continue to find a way to function, though, and economic reports out of Europe and China showed that both regions are logging solid growth. The Eurozone's PMI index hit a 27-month high in September, pointing to the potential for a strong fourth quarter for the region. China's services index also improved, notching a six-month high.
With those broader trends in mind, here are a few individual stock stories to watch for in today's market.
Constellation Brands' (NYSE: STZ) quarterly results this morning boasted a 109% sales boost that was