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, as investors are awaiting consumer spending data. Futures for the Dow Jones Industrial Average surged 25 points to 13,046.00 and S&P 500 index futures rose 2 points to 1,417.70. Nasdaq 100 futures gained 7.75 points to 2,687.75.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.22%, London's FTSE 100 Index gained 0.23%, French CAC 40 Index surged 0.33% and German DAX 30 index rose 0.43%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 0.48%, China's Shanghai Composite rising 0.85% and Australia's S&P/ASX 200 gaining 0.62%. Hong Kong's Hang Seng Index climbed 0.49% and India's Sensex jumped 0.88%.

Broker Recommendation Analysts at Jefferies upgraded ConAgra Foods (NYSE: CAG) from “hold” to “buy.” The target price for ConAgra has been raised from $29 to $35.

ConAgra shares dropped 0.17% to close at $29.60 yesterday.

Breaking news

  • Nexstar Broadcasting Group (NASDAQ: NXST) announced Thursday the pricing of the previously announced sale by selling stockholders, funds affiliated with ABRY Partners, LLC, of 8.0 million shares of the Company's Class A common stock at $9.25 per share. To read the full news, click here.
  • AvalonBay Communities (NYSE: AVB) announced Thursday that the underwriters of its public offering of 14,500,000 shares of common stock have exercised in full their option to purchase an additional 2,175,000 shares. To read the full news, click here.
  • Stratasys (NASDAQ: SSYS) and Objet Ltd. today announced that they have been informed by the Committee on Foreign Investment in the United States that it has completed its review of the proposed merger and has given formal approval of the transaction. To read the full news, click here.
  • Operators at PPL's (NYSE: PPL) Susquehanna nuclear power plant reconnected Unit 2 to the regional power grid Thursday (11/29) after repairing a hydraulic system associated with the unit's main turbine. To read the full news, click here.

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

 

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