Market Overview

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Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 43 points to 12,456.00 and S&P 500 index futures rose 5.20 points to 1,306.50. Nasdaq 100 futures gained 11.50 points to 2,516.25.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index declined 0.61%, French CAC 40 index rose 0.48%. London's FTSE 100 Index moved down 0.94% and German DAX 30 index declined 0.34%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 2.99%, China's Shanghai Composite dropping 1.44% and Australia's S&P/ASX 200 moving down 2.61%. Hong Kong's Hang Seng index fell 1.30% and India's Sensex gained 0.51%.

Broker Recommendation Analysts at UBS downgraded Cavium Inc (NASDAQ: CAVM) from “buy” to “neutral.” The target price for Cavium has been lowered from $34 to $26.

Cavium shares dropped 3.06% to close at $23.76 yesterday.

Breaking news

  • Rentrak Corporation (NASDAQ: RENT) today announced the company has signed a multi-year StationView Essentials contract, which includes access to Advanced Demographics and Polk Automotive and Political ratings, with WFTV (ABC) and WRDQ (IND) in Orlando, Florida. To read the full news, click here.
  • Boston Scientific Corporation (NYSE: BSX) announced two-year results from the PLATINUM Small Vessel study, demonstrating excellent safety and effectiveness outcomes for the 2.25 mm PROMUS Element™ Everolimus-Eluting Platinum Chromium (PtCr) Stent System in treating de novo coronary lesions in small coronary vessels. To read the full news, click here.
  • Monsanto Company's (NYSE: MON) Chairman, President and CEO Hugh Grant today will announce the company's support of the New Vision for Agriculture Initiative, the Grow Africa Partnership and the G8's New Alliance for Food Security and Nutrition through a $50 million commitment over the next ten years to support sustained Africa agricultural development and growth. To read the full news, click here.
  • Hibbett Sports Inc (NASDAQ: HIBB) reported better-than-expected first-quarter results and lifted its full-year profit view.To read the full news, click here.

Posted-In: UBS US Stock FuturesNews Futures Global Pre-Market Outlook Markets


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