Market Overview

A Peek Into The Market Before The Trading Starts

Related CSCO
EMC Buying Out Part Of Cisco Stake In VCE
Orange Slovakia Lights Up 4G LTE Services With Cisco ASR 5000 Series
NSA Grooming Cyber Talent through Academics (Fox Business)
Related JCP
Morgan Stanley: Consumers Choosing Restaurants, iPhones Over Apparel
The rise of bricks and mortar commerce
JCP Names President, CEO Designee (Fox Business)

Pre-open movers US stock futures are higher this morning, after upbeat results from Cisco Systems (NASDAQ: CSCO). Futures for the Dow Jones Industrial Average surged 41 points to 12,758.00 and S&P 500 index futures rose 5 points to 1,375.90. Nasdaq 100 futures gained 14.50 points to 2,575.00.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index dropped 0.54%, London's FTSE 100 Index fell 0.63%, French CAC 40 Index declined 0.27% and German DAX 30 index dropped 0.46%.

Asian markets ended higher, with Japan's Nikkei Stock Average gaining 0.04%, China's Shanghai Composite rising 0.37% and Australia's S&P/ASX 200 gaining 0.15%. Hong Kong's Hang Seng index surged 1.20%.

Broker Recommendation Analysts at JP Morgan downgraded JC Penney (NYSE: JCP) from “overweight” to “neutral.” The target price for JC Penney has been lowered from $30 to $20.

JC Penney shares gained 1.09% to $17.59 in after-hours trading.

Breaking news

  • Research In Motion (NASDAQ: RIMM) today announced BBM version 7, a free update for the globally popular mobile social network, which will allow customers to make free voice calls to other BBM customers around the world over a Wi-Fi(R) connection(i). To read the full news, click here.
  • Staples (NASDAQ: SPLS) posted a loss in the fiscal third quarter. To read the full news, click here.
  • RRsat Global Communications Network Ltd (NASDAQ: RRST) today announced that its U.S. subsidiary, RRsat America Global Communications Network has acquired the assets and operations of SM2 Sports & Media Solutions, a U.S. based premier provider of occasional-use international sports distribution and syndication services. To read the full news, click here.
  • Mindray Medical (NYSE: MR) has initiated a voluntary recall affecting the A3/A5 Anesthesia Delivery System. To read the full news, click here.

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

 

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