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 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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