A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are higher this morning after a strong decline in the previous session. Futures for the Dow Jones Industrial Average surged 86 points to 11,818.00 and S&P 500 index futures rose 12.20 points to 1,237.80. Nasdaq 100 futures gained 21.50 points to 2,332.50.
A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index climbed 0.30%, London's FTSE 100 Index moved up 0.22%, French CAC 40 index rose 0.71% and German DAX 30 index gained 1.26%.
Asian markets ended lower, with Japan's Nikkei Stock Average dropping 2.9084%, Australia's S&P/ASX 200 moving down 2.24% and China's Shanghai Composite declining 1.80%. Hong Kong's Hang Seng Index dipped 5.2489.
Broker Recommendation Analysts at Citigroup upgraded Cisco Systems Inc (NASDAQ: CSCO) from “neutral” to “buy.” The target price for Cisco has been raised from $19 to $22. Cisco shares surged 5.62% to $18.60 in pre-market trading.
Breaking news
- Ball Aerospace & Technologies Corp (NYSE: BLL) has been awarded four task order contracts worth more than $17 million to develop and integrate enhanced operational capabilities for the U.S. Air Force Distributed Common Ground System. To read the full news, click here.
- Rainmaker Systems Inc (NASDAQ: RMKR) today announced that Tim Burns, who has served as Acting CFO for the last six months, has been appointed to fill the CFO position. To read the full news, click here.
- Smith Electric Vehicles Corp. today filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock. To read the full news, click here.
- Kohl's Corp (NYSE: KSS) lifted its full-year earnings forecast. To read the full news, click here.
