A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are higher this morning, as investors are awaiting weekly jobless claims data. Futures for the Dow Jones Industrial Average gained 20 points to 13,224.00 and S&P 500 index futures rose 2.70 points to 1,400.20. Nasdaq 100 futures surged 6.25 points to 2,733.75.
A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index gained 0.84%, French CAC 40 index rose 1.32%. London's FTSE 100 Index moved up 0.52% and German DAX 30 index gained 1.13%.
Asian markets ended mostly lower, with China's Shanghai Composite gaining 0.07% and Australia's S&P/ASX 200 moving down 0.23%. Hong Kong's Hang Seng index dropped 0.28% and India's Sensex fell 0.81%.
Broker Recommendation Analysts at Bernstein upgraded Chesapeake Energy Corporation (NYSE: CHK) from “underperform” to “outperform.” The target price for Chesapeake Energy has been raised from $17 to $21.
Chesapeake Energy shares gained 1.31% to $16.96 in pre-market trading.
- Gildan Activewear Inc (NYSE: GIL) today announced that it has signed a definitive agreement to acquire 100% of the common shares of Anvil Holdings Inc for a total purchase price of approximately U.S. $88 million. To read the full news, click here.
- Main Street Capital Corporation (NYSE: MAIN) announced today the expansion of total commitments under its three-year credit facility from $235.0 million to $277.5 million. The $42.5 million increase in total commitments included commitment increases by three lenders currently participating in the Credit Facility. To read the full news, click here.
- Acacia Research Corporation (NASDAQ: ACTG) announced today that its B.I. Systems LLC subsidiary has entered into a license agreement with International Business Machines Corporation regarding patents relating to computer-based visual data evaluation. To read the full news, click here.
- Cigna Corp (NYSE: CI) reported a 10% drop in its first-quarter earnings. To read the full news, click here.
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