Market Overview

A Peek Into The Market Before The Trading Starts

A Peek Into The Market Before The Trading Starts
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Notable tech gainers/decliners: YY, SOHU, ANGI, ACTG, IGT, VSLR, CSLT (Seeking Alpha)

Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 17 points to 12,561.00 and S&P 500 index futures rose 3.50 points to 1,356.50. Nasdaq 100 futures gained 5.75 points to 2,535.25.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index dropped 0.57%, London's FTSE 100 Index fell 0.36%, French CAC 40 Index declined 0.21% and German DAX 30 index dropped 0.50%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average gaining 1.90%, China's Shanghai Composite falling 1.22% and Australia's S&P/ASX 200 dropping 0.91%. Hong Kong's Hang Seng index dipped 1.55% and India's Sensex dropped 0.79%.

Broker Recommendation Analysts at JP Morgan upgraded Time Warner Cable (NYSE: TWC) from “neutral” to “overweight.” The target price for Time Warner Cable has been raised from $100 to $110.

Time Warner Cable shares dropped 2.02% to close at $89.29 yesterday.

Breaking news

  • Acacia Research (NASDAQ: ACTG) announced today that its Criminal Activity Surveillance, LLC subsidiary has entered into a license and settlement agreement with UDP Americas, Inc. To read the full news, click here.
  • Stage Stores (NYSE: SSI) posted a narrower fiscal third-quarter loss. To read the full news, click here.
  • American Tower (NYSE: AMT) today announced that it has entered into a definitive agreement with KPN's German subsidiary, E-Plus, under which American Tower will acquire over 2,000 KPN tower sites in Germany for an agreed upon purchase price of approximately €393 million. To read the full news, click here.
  • Targa Resources Partners LP (NYSE: NGLS) announced today the commencement of an underwritten public offering of 9,500,000 common units representing limited partner interests. To read the full news, click here.

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


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