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. Futures for the Dow Jones Industrial Average surged 28 points to 12,828.00 and S&P 500 index futures rose 2.90 points to 1,391.20. Nasdaq 100 futures gained 9 points to 2,605.00.

A Peek Into Global Markets European markets were slightly higher today. The STOXX Europe 600 Index rose 0.05%, London's FTSE 100 Index gained 0.17%, French CAC 40 Index climbed 0.10% and German DAX 30 index rose 0.03%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average gaining 1.56%, China's Shanghai Composite rising 0.58% and Australia's S&P/ASX 200 dropping 0.02%. Hong Kong's Hang Seng Index surged 0.79% India's Sensex fell 0.06%.

Broker Recommendation Analysts at Bank of America downgraded Gildan Activewear (NYSE: GIL) from “buy” to “neutral.” The target price for Gildan Activewear has been raised from $33 to $35.

Gildan Activewear shares gained 1.45% to close at $34.25 on Wednesday.

Breaking news

  • Yellow Pages Group and Yahoo! (NASDAQ: YHOO) Canada today announced they have expanded their six-year partnership to provide Yahoo! Canada users with an enhanced local search experience. To read the full news, click here.
  • The euro held steady above $1.28 on Friday morning as investors wait for a final meeting of European Union finance ministers and Director of the International Monetary Fund Christine Lagarde set to take place on Monday. To read the full news, click here.
  • Kenexa (NYSE: KNXA) today announced the entering into of a Memorandum of Understanding to settle a derivative action and purported class action complaint that was filed in the Court of Common Pleas of Chester County, Pennsylvania, in connection with the proposed acquisition of Kenexa by International Business Machines (NYSE: IBM). To read the full news, click here.
  • PFSweb (NASDAQ: PFSW) today announced that it has signed an agreement with PANDORA, a world-leading international jewelry company, to provide online direct-to-consumer support services in the UK. To read the full news, click here.

Posted-In: Bank of America US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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