A Peek Into The Market Before The Trading Starts - Costco Wholesale (NASDAQ:COST), Cracker Barrel Old (NASDAQ:CBRL)

Pre-open movers

US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 54 points to 12,435.00 and S&P 500 index futures rose 5.60 points to 1,314.20. Nasdaq 100 futures gained 8.25 points to 2,539.00.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index gained 0.45%, French CAC 40 index rose 0.80%. London's FTSE 100 Index moved up 0.91% and German DAX 30 index gained 0.45%. Asian markets ended lower, with Japan's Nikkei Stock Average falling 1.05%, China's Shanghai Composite dropping 0.52% and Australia's S&P/ASX 200 moving down 0.36%. Hong Kong's Hang Seng index fell 0.32% and India's Sensex declined 0.27%.

Broker Recommendation

Analysts at UBS upgraded JetBlue Airways Corporation

JBLU

from “neutral” to “buy.” The target price for JetBlue has been raised from $6 to $8. JetBlue shares gained 0.84% to $4.80 in pre-market trading.

Breaking news

Rainmaker Systems Inc RMKR today announced a three-year agreement for Training Revenue Management System with a new client, Aruba Networks, a leading provider of next-generation network access solutions for the mobile enterprise. To read the full news, click here.
Cracker Barrel Old Country Store Inc CBRL today announced the election of Tom Barr and Glenn Davenport to its Board of Directors, effective immediately. To read the full news, click here.
H.B. Fuller Company FUL announced today that it intends to make several organizational changes to support its growth and profitability strategy in the Europe, India, Middle East and Africa (EIMEA) operating segment. To read the full news, click here.
Costco Wholesale Corp COST reported a 4% rise in its May same-store sales. To read the full news, click here.

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