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 economic data. Futures for the Dow Jones Industrial Average gained 17 points to 14,077.00 and S&P 500 index futures rose 3.20 points to 1,519.00. Nasdaq 100 futures climbed 6 points to 2,746.50.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.59%, London's FTSE 100 Index gained 0.44%, French CAC 40 Index rose 0.37% and German DAX 30 index climbed 0.74%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average surging 2.71%, China's Shanghai Composite gaining 2.26% and Australia's S&P/ASX 200 rising 1.33%. Hong Kong's Hang Seng Index gained 1.96% and India's Sensex fell 1.52%.

Broker Recommendation Analysts at Wells Fargo downgraded Groupon (NASDAQ: GRPN) from “outperform” to “market perform.” The target price range for Groupon has been lowered from $6-$7 to $5-$6. Groupon shares tumbled 27.29% to $4.35 in pre-market trading.

Breaking news

  • TESARO (NASDAQ: TSRO) announced today that it has priced an underwritten public offering of an aggregate of 4,720,000 shares of its common stock at a price to the public of $18.00 per share. To read the full news, click here.
  • Gilat Satellite Networks (NASDAQ: GILT) today announced it was awarded a three year contract by the Peruvian Ministry of Education to provide SkyEdge II-c hub and 'Aries' VSAT equipment, installation, maintenance and technical support, aimed to provide Internet connectivity to 2,600 schools nationwide. To read the full news, click here.
  • Wi-LAN (NASDAQ: WILN) today announced that Kith Consumer Products Inc. has signed a multi-year running royalty license agreement for certain technologies in the Company's Digital TV and Display patent portfolio. To read the full news, click here.
  • Micron Technology (NASDAQ: MU) today announced the Tokyo District Court's issuance of an order approving Elpida Memory Inc.'s plan of reorganization. To read the full news, click here.

Posted-In: US Stock Futures Wells FargoNews Futures Global Pre-Market Outlook Markets


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