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 after Hurricane Sandy closed trading for two days. Futures for the Dow Jones Industrial Average surged 52 points to 13,106.00 and S&P 500 index futures rose 9 points to 1,416.60. Nasdaq 100 futures gained 11.50 points to 2,670.50.

A Peek Into Global Markets European markets were mostly higher today. The STOXX Europe 600 Index climbed 0.22%, London's FTSE 100 Index fell 0.13%, French CAC 40 Index gained 0.35% and German DAX 30 index rose 0.65%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 0.98%, China's Shanghai Composite gaining 0.32% and Australia's S&P/ASX 200 rising 0.66%. Hong Kong's Hang Seng index surged 1% and India's Sensex gained 0.40%.

Broker Recommendation Analysts at Piper Jaffray upgraded Team Health Holdings (NYSE: TMH) from “neutral” to “overweight.” The target price for Team Health has been raised from $27 to $30.

Team Health shares closed at $25.60 on Friday.

Breaking news

  • PVH (NYSE: PVH) and The Warnaco Group (NYSE: WRC) today announced that they have entered into a definitive merger agreement pursuant to which PVH will acquire Warnaco and holders of Warnaco common stock will receive $51.75 in cash and .1822 of a share of PVH common stock for each share of Warnaco common stock. To read the full news, click here.
  • Abaxis (NASDAQ: ABAX) today announced the Company has signed an exclusive multi-year distribution agreement with Abbott's (NYSE: ABT) Point of Care business to market and distribute the Piccolo Xpress, a portable clinical chemistry system and its full line of one-time use reagent discs to the human medical market. To read the full news, click here.
  • Acacia Research (NASDAQ: ACTG) announced today that its Unified Messaging Solutions LLC subsidiary has entered into a license and settlement agreement with Comcast Cable Communications LLC (NASDAQ: CMCSA). To read the full news, click here.
  • Nice Systems (NASDAQ: NICE) reported an upbeat third-quarter profit and lifted its full-year profit view. To read the full news, click here.

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

 

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