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 mostly higher this morning, as investors are awaiting earnings from Time Warner (NYSE: TWX). Futures for the Dow Jones Industrial Average gained 15 points to 13,925.00 and S&P 500 index futures rose 0.90 points to 1,507.00. Nasdaq 100 futures dropped 1.50 points to 2,747.75.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index fell 0.02%, London's FTSE 100 Index gained 0.30%, German DAX 30 Index fell 0.29% and French CAC 40 Index dropped 0.61%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average jumping 3.77%, China's Shanghai Composite surging 0.06% and Australia's S&P/ASX 200 Index rising 0.77%. Hong Kong's Hang Seng Index gained 0.47% and India's Sensex dropped 0.10%.

Broker Recommendation Analysts at RBC Capital downgraded Expedia (NASDAQ: EXPE) from “outperform” to “sector perform.” The target price for Expedia has been raised from $70 to $73.

Expedia shares gained 2.04% to $68.88 in pre-market trading.

Breaking news

  • The Home Depot (NYSE: HD) has begun filling more than 80,000 seasonal positions to assist customers during the company's busiest selling season. To read the full news, click here.
  • ASML Holding NV (NASDAQ: ASML) today announced that Cymer (NASDAQ: CYMI) stockholders voted to approve the previously announced merger agreement, dated October 16, 2012, among Cymer, ASML Holding NV and certain affiliates of ASML, at the special meeting of Cymer stockholders held on 5 February 2013. To read the full news, click here.
  • ADTRAN (NASDAQ: ADTN) today announced a partnership with Accuris Networks, a leading provider of Wi-Fi offload and roaming inter-working solutions, to deliver a secure, flexible and scalable network virtualization architecture for cloud-based mobile offload and roaming. To read the full news, click here.
  • Quanta Services (NYSE: PWR) today announced that its subsidiary, Quanta Power Generation, Inc., has been selected by Con Edison Development (CED) to engineer, procure and construct two photovoltaic (PV) facilities totaling approximately 40 megawatts (MWac) located in Kings and Tulare counties, Calif. To read the full news, click here.

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


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