Market Overview

A Peek Into The Market Before The Trading Starts

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 ISM manufacturing data. Futures for the Dow Jones Industrial Average surged 33 points to 13,041.00 and S&P 500 index futures rose 3.70 points to 1,418.10. Nasdaq 100 futures gained 12.50 points to 2,688.25.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.62%, London's FTSE 100 Index gained 0.32%, French CAC 40 Index surged 0.98% and German DAX 30 index rose 0.53%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 0.13%, China's Shanghai Composite dropping 1.03% and Australia's S&P/ASX 200 gaining 0.49%. Hong Kong's Hang Seng Index declined 1.19% and India's Sensex fell 0.18%.

Broker Recommendation Analysts at Goldman Sachs upgraded Dell (NASDAQ: DELL) from “sell” to “buy.” The target price for Dell has been raised from $9 to $13.

Dell shares gained 4.56% to $10.08 in pre-market trading.

Breaking news

  • Canadian Solar (NASDAQ: CSIQ) today announced that it has signed a financing agreement pursuant to which Deutsche Bank has agreed to provide C$139 million (US$139 million) in non-recourse, short-term construction financing to Canadian Solar for the construction of solar power projects in Ontario, Canada. To read the full news, click here.
  • SunPower (NASDAQ: SPWR) today announced that it signed a definitive agreement to form a joint venture with partners Tianjin Zhonghuan Semiconductor (TZS), Inner Mongolia Power Group (IMP) and Hohhot Jinqiao City Development Company (HJCD) for the manufacturing and deployment of the company's proprietary SunPower® C7 Tracker (C7) concentrator technology in the Chinese market. To read the full news, click here.
  • Stratasys (NASDAQ: SSYS) and Objet Ltd. today announced the completion of their merger, forming a leader in 3D printing and direct digital manufacturing. To read the full news, click here.
  • Yingli Green Energy (NYSE: YGE) today announced that its subsidiary, Yingli Green Energy Americas, supplied 24 MW of solar PV modules to the largest solar project in the Caribbean. To read the full news, click here.

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


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