Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average jumped 81 points to 12,718.00 and S&P 500 index futures rose 9.10 points to 1,344.00. Nasdaq 100 futures surged 18.25 points to 2,561.75.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index surged 1.12%, French CAC 40 index jumped 1.98%. London's FTSE 100 Index moved up 0.64% and German DAX 30 index gained 0.56%.

Asian markets ended mixed, with Japan's Nikkei Stock Average rising 0.92%, China's Shanghai Composite dropping 0.47% and Australia's S&P/ASX 200 moving up 0.54%. Hong Kong's Hang Seng index gained 0.08% and India's Sensex fell 1.12%.

Broker Recommendation Analysts at Goldman Sachs upgraded Schlumberger Limited (NYSE: SLB) from “neutral” to “buy.” The target price for Schlumberger has been raised from $88 to $95.

Schlumberger shares fell 0.07% to $68.20 in after-hours trading.

Breaking news

  • Gentiva Health Services (NASDAQ: GTIV) today announced the acquisition of Advocate Hospice, located in Danville, Indiana. To read the full news, click here.
  • iBio (NYSE: IBIO), and GE Healthcare, the healthcare business of GE (NYSE: GE), announced today a new global alliance to commercialize plant-based technologies for the manufacture of biopharmaceuticals and vaccines. To read the full news, click here.
  • Biodel (NASDAQ: BIOD) announced today that the Small Business Innovation Research (SBIR) program of the National Institutes of Health (NIH) has awarded Biodel a grant for the development of concentrated ultra-rapid-acting insulin formulations for use in an artificial pancreas, also known as a closed loop pump system. To read the full news, click here.
  • US Airways (NYSE: LCC) has renewed its agreement with GuestLogix Inc. To read the full news, click here.

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

 

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