Market Overview

A Peek Into The Market Before The Trading Starts

Related ORCL
Benzinga's M&A Chatter for Monday May 2, 2016
Mid-Afternoon Market Update: Dow Rises Over 100 Points; Crude Oil Down 2.5%
Apple Likely to Lag the Market for Years (GuruFocus)
Related ACTG
Benzinga's M&A Chatter for Thursday March 17, 2016
Acacia Announces Settlement and Patent License Agreement with Huawei Technologies Co., Ltd.
Insider Weekends April 29, 2016 (Seeking Alpha)

Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 133 points to 12,659.00 and S&P 500 index futures rose 17.90 points to 1,340.30. Nasdaq 100 futures jumped 34.25 points to 2,562.00.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 1.68%, London's FTSE 100 Index surged 1.36%, French CAC 40 index jumped 2.81% and German DAX 30 index rose 2.48%.

Asian markets ended higher, with Japan's Nikkei Stock Average gaining 1.50%, China's Shanghai Composite gaining 1.35% and Australia's S&P/ASX 200 rising 1.22%. Hong Kong's Hang Seng index gained 2.19% and India's Sensex surged 2.59%.

Broker Recommendation Analysts at RBC Capital upgraded Oracle (NASDAQ: ORCL) from “sector perform” to “outperform.” The target price for Oracle has been raised from $33 to $36.

Oracle shares dropped 0.71% to $27.97 in after-hours trading.

Breaking news

  • Acacia Research (NASDAQ: ACTG) announced today that its Automated Facilities Management Corporation subsidiary has entered into a license and settlement agreement with IFS North America. To read the full news, click here.
  • Lexicon Pharmaceuticals (NASDAQ: LXRX) announced today the publication of results from two initial trials of LX4211 in patients with type 2 diabetes in the online edition of the journal Clinical Pharmacology & Therapeutics. To read the full news, click here.
  • 3M Unitek, doing business as TOP-Service fuer Lingulatechnik GmbH, and 3M Deutschland GmbH, announced today that they have served Guangzhou Riton Biomaterial Co., Ltd. (Riton) with a lawsuit alleging infringement of 3M's patent related to lingual orthodontic braces. To read the full news, click here.
  • Solazyme (NASDAQ: SZYM) announced today the successful commissioning of its first fully integrated biorefinery (IBR) in Peoria, Illinois, to produce algal oil. To read the full news, click here.

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


Related Articles (ACTG + LXRX)

View Comments and Join the Discussion!