Market Overview

A Peek Into The Market Before The Trading Starts

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Earnings Scheduled For August 26, 2014

Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 52 points to 13,489.00 and S&P 500 index futures rose 7.90 points to 1,444.80. Nasdaq 100 futures gained 13.50 points to 2,801.75.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.30%, London's FTSE 100 Index surged 0.22%, French CAC 40 Index gained 0.14% and German DAX 30 index rose 0.51%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average dropping 0.12% and Australia's S&P/ASX 200 rising 0.99%.

Broker Recommendation Analysts at Citigroup upgraded Lennar (NYSE: LEN) from “sell” to “neutral.” The target price for Lennar has been raised from $22 to $35.

Lennar shares dropped 0.35% to close at $34.65 yesterday.

Breaking news

  • Regis Corporation (NYSE: RGS) today announced the completion of the sale of its ownership interest in Provalliance for 80 million EUR. To read the full news, click here.
  • Acacia Research (NASDAQ: ACTG) announced today that a subsidiary has acquired 7 patent portfolios with over 1,900 patents and applications relating to stent grafts, vascular grafts, bypass grafts, graft retrieval technology, graft manufacturing technology, vena cava filter technology, and filter retrieval technology from a leading global medical device company. To read the full news, click here.
  • Canadian Solar (NASDAQ: CSIQ) today announced the delivery 26 MW of its high quality and high-performing CS6P-P solar power modules to EPC Contractor TSK Solar for the "San Fermin" solar power plant installation in Puerto Rico, co-developed by firms Uriel Renewables inc. and Coqui Power LLC. To read the full news, click here.
  • Boehringer Ingelheim Pharmaceuticals and Eli Lilly and Company (NYSE: LLY) today announced data from three pooled analyses for linagliptin at the 48th European Association for the Study of Diabetes (EASD) Annual Meeting in Berlin. To read the full news, click here.

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

 

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