A Peek Into The Market Before Trading Starts
Pre-open movers
US stock futures moved up today as investor confidence in the US market improved, following a wave of earnings. While futures on the Dow Jones Industrial Average rose 49 points to 10108, those on the S&P 500 added 5.8 points to 1068.9. Meanwhile, Nasdaq 100 futures advanced 10.5 points to 1812.5.
A Peek Into Global Markets
After opening weak, European markets have strengthened, with miners supporting the market. While STOXX Europe 600 Index added 0.28%, London’s FTSE 100 Index has gained 0.55%.
Most Asian markets dropped today as steep losses on Wall Street on Friday prompted selling. While Australia's S&P/ASX 200 dropped 1.5%, South Korea's Kospi gave up 0.4%. China's Shanghai Composite, however, resisted the trend and added 2.1% as banking, property and consumer stocks moved up.
Merger And Acquisition
SRA International, Inc. (NYSE: SRX) announced it has acquired Sentech, an energy management consulting company with expertise in renewable energy, distributed generation, energy efficiency and advanced transportation technologies. To read the full news, click here.
Breaking News
- Bharti Airtel, the largest telecom service provider in India, said it plans to launch iPhone 4, the latest product from Apple Inc. (NASDAQ: AAPL), by October. To read the full news, click here.
- PetMed Express, Inc (NASDAQ: PETS) announced on Monday morning that it missed consensus Wall Street earnings and revenue estimates. PETS reported that its fiscal 1st quarter profit fell to $7.2 million, or 32 cents per share, down from $8.1 million, or 36 cents per share, a year earlier. To read the full news, click here.
- McMoRan Exploration Co (NYSE: MMR) on Monday morning released financial results that narrowly missed Wall Street earnings expectations, while beating revenue estimates. MMR reported that it narrowed its 2nd quarter net loss to $21.7 million, or 23 cents per share, from a net loss of $100.6 million, or $1.40 per share, a year earlier. To read the full news, click here.
- Apple (Nasdaq: AAPL) announced that iPad will be available in Austria, Belgium, Hong Kong, Ireland, Luxembourg, Mexico, Netherlands, New Zealand and Singapore this Friday, July 23. iPad allows users to connect with their apps and content in a more intimate, intuitive and fun way than ever before. To read the full news, click here.
Read more from Benzinga's Markets.
