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 surged 10 points to 13,065.00 and S&P 500 index futures rose 2.40 points to 1,391.40. Nasdaq 100 futures gained 11.75 points to 2,682.75.

A Peek Into Global Markets European markets were mostly higher today. The STOXX Europe 600 Index rose 0.18%, French CAC 40 index rose 0.61%. London's FTSE 100 Index moved up 0.19% and German DAX 30 index gained 0.61%.

Asian markets ended higher, with Japan's Nikkei Stock Average surging 2%, China's Shanghai Composite rising 1.04% and Australia's S&P/ASX 200 moving up 1.18%. Hong Kong's Hang Seng index surged 1.69% and India's Sensex rose 1.25%.

Broker Recommendation Analysts at RW Baird upgraded American Water Works Company (NYSE: AWK) from “neutral” to “outperform.” The target price for American Water Works has been raised from $35 to $41.

American Water Works shares gained 3.78% to close at $37.62 on Friday.

Breaking news

  • Akamai Technologies (NASDAQ: AKAM) has announced the opening of offices in Taipei, Taiwan and Melbourne, Australia. To read the full news, click here.
  • Savient Pharmaceuticals (NASDAQ: SVNT) announced Monday that its Board of Directors has adopted a stockholder rights plan. To read the full news, click here.
  • Actuate (NASDAQ: BIRT) today provided additional details of the $30 million share repurchase program first announced on August 2nd, 2012. To read the full news, click here.
  • Prospect Capital (NASDAQ: PSEC) announced today that it has provided a $44 million secured subordinated loan to support the refinancing of New Century Transportation Inc, a leading transportation and logistics company. To read the full news, click here.

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

 

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