Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are slightly higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 10 points to 12,769.00 and S&P 500 index futures rose 1.20 points to 1,387.50. Nasdaq 100 futures climbed 2 points to 2,595.50.

A Peek Into Global Markets European markets were slightly higher today. The STOXX Europe 600 Index rose 0.09%, London's FTSE 100 Index dropped 0.03%, French CAC 40 Index gained 0.14% and German DAX 30 index rose 0.17%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average gaining 0.87%, China's Shanghai Composite rising 1.07% and Australia's S&P/ASX 200 dropping 0.38%. Hong Kong's Hang Seng Index surged 1.39% India's Sensex rose 0.72%.

Broker Recommendation Analysts at CLSA downgraded Hormel Foods (NYSE: HRL) from “outperform” to “underperform.” The target price for Hormel Foods is set to $32.

Hormel Foods shares dropped 3.99% to close at $30.05 yesterday.

Breaking news

  • PacifiCorp today announced it has awarded a multi-year engineer, procure and construct contract to build its Sigurd to Red Butte transmission line in south central Utah, a key section of PacifiCorp's Energy Gateway transmission investment to meet the current and projected needs of its electric customers. To read the full news, click here.
  • Pluristem Therapeutics (NASDAQ: PSTI) today announced that the U.S. Food and Drug Administration (FDA) has updated the Company on its application to designate Pluristem's PLacental eXpanded (PLX) cells orphan drug status in the treatment of aplastic anemia. To read the full news, click here.
  • Allot Communications (NASDAQ: ALLT) announced today the completion of a deployment project at 9 affiliates of Millicom International Cellular SA (Tigo). To read the full news, click here.
  • International Launch Services (ILS), a leading launch services provider for the global commercial satellite industry, successfully delivered the EchoStar XVI satellite into orbit today on an ILS Proton for EchoStar (NASDAQ: SATS). To read the full news, click here.

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

 

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