A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are higher this morning, ahead of weekly jobless claims data. Futures for the Dow Jones Industrial Average surged 42 points to 11,810.00 and S&P 500 index futures rose 3.50 points to 1,237.70. Nasdaq 100 futures gained 2 points to 2,316.50.
A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.83%, London's FTSE 100 Index moved up 0.14%, French CAC 40 index rose 1.14% and German DAX 30 index surged 1.53%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 2.0440%, Australia's S&P/ASX 200 moving down 0.32% and China's Shanghai Composite rising 0.16%. Hong Kong's Hang Seng Index fell 2.4892% and India's Sensex gained 0.10%.
Broker Recommendation Analysts at Morgan Stanley upgraded Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA) from “equal-weight” to “overweight.” The target price for TEVA is set to $47.
TEVA shares gained 1.74% to close at $39.76 yesterday.
Breaking news
- Stage Stores Inc (NYSE: SSI) reported a 0.8% rise in its October same-store sales. To read the full news, click here.
- Affected by higher costs, PG&E (NYSE: PCG) reported lower net income in the third quarter. To read the full news, click here.
- Rentrak Corporation (NASDAQ: RENT) today announced a major, long-term contract expansion with Media General. To read the full news, click here.
- CVS Caremark (NYSE: CVS) announced its results for the third quarter on November 3, 2011. CVS Caremark's EPS outpaced analyst estimates while the company's revenues came in line with predictions. To read the full news, click here.
