Market Overview

A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 29 points to 13,003.00 and S&P 500 index futures rose 4.20 points to 1,367.10. Nasdaq 100 futures gained 5.50 points to 2,606.25.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index gained 0.30%, London's FTSE 100 Index moved up 0.14%, French CAC 40 index rose 0.55% and German DAX 30 index gained 0.83%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average surging 0.54%, China's Shanghai Composite rising 1.25% and Australia's S&P/ASX 200 moving up 0.49%. Hong Kong's Hang Seng index gained 0.12% and India's Sensex dropped 0.86%.

Broker Recommendation Analysts at Jefferies & Company upgraded Target Corp (NYSE: TGT) from “hold” to “buy.” The target price for Target has been raised from $49 to $63.

Target shares gained 2.89% to close at $54.50 yesterday.

Breaking news

  • Lakes Entertainment Inc (NASDAQ: LACO) announced that it has entered into an agreement to buy out Addy Entertainment, LLC's interest in Evitts Resort, LLC, a joint venture between Lakes and Addy. To read the full news, click here.
  • Fuel Tech Inc (NASDAQ: FTEK) today announced receipt of multiple air pollution control orders totaling $2.5 million. To read the full news, click here.
  • Kenneth D. Cole today announced that he has proposed to acquire through a merger transaction 100 percent of the outstanding publicly held shares of common stock of Kenneth Cole Productions Inc (NYSE: KCP). To read the full news, click here.
  • Dell Inc (NASDAQ: DELL) today announced it has acquired AppAssure. To read the full news, click here.

Posted-In: Jefferies & Company Inc. US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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