Market Overview

A Peek Into The Market Before The Trading Starts

Share:
A Peek Into The Market Before The Trading Starts
Related JCP
JC Penney Exploring A Sale And Partial Leaseback Of Its Headquarters To Reduce Debt
Deutsche Bank Loves Foot Locker, JC Penney And Costco In 2016...But Why?
Sale-lease deal with corporate HQ on the table at J.C. Penney (Seeking Alpha)
Related SPLS
13 Predictions For The Hardline Industry In 2016
Staples Remains 'Committed' To Completing Acquisition Of Office Depot, Extends Termination Date To May 16
Nike To Facebook: Frank Caruso Projects Long-Term Earnings Growth (Investor's Business Daily)

Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 49 points to 14,282.00 and S&P 500 index futures rose 5.60 points to 1,542.80. Nasdaq 100 futures climbed 6.50 points to 2,804.75.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index surged 0.20%, London's FTSE 100 Index gained 0.38%, French CAC 40 Index rose 0.23% and German DAX 30 index surged 1.08%.

Asian markets ended higher, with Japan's Nikkei Stock Average gaining 2.13%, China's Shanghai Composite surging 0.90% and Australia's S&P/ASX 200 rising 0.84%. Hong Kong's Hang Seng Index gained 0.96% and India's Sensex climbed 0.57%.

Broker Recommendation Analysts at Oppenheimer downgraded J. C. Penney Company (NYSE: JCP) from “outperform” to “perform.” The target price for J. C. Penney is set to $15.

J. C. Penney shares fell 0.80% to $14.84 in pre-market trading.

Breaking news

  • Staples (NASDAQ: SPLS) reported upbeat fiscal-fourth-quarter adjusted profit and raised its quarterly dividend by 9%. To read the full news, click here.
  • Pacific Premier Bancorp (NASDAQ: PPBI) today announced that it has entered into a definitive agreement to acquire San Diego Trust Bank (OTC: SDBK), a San Diego, California, based state-chartered bank with $242.0 million in total assets and $187.9 million in total deposits at December 31, 2012. To read the full news, click here.
  • The Crosstex Energy companies, Crosstex Energy LP (NASDAQ: XTEX) and Crosstex Energy (NASDAQ: XTXI), today announced that the Corporation has joined with the former management of Enerven Compression Services to form a new company (E2) that will provide services for producers in the liquids-rich window of the Utica Shale play. To read the full news, click here.
  • Myriad Genetics (NASDAQ: MYGN) announced today that three federal agencies including the U.S. Department of Health and Human Services, the U.S. Department of Labor, and the U.S. Department of the Treasury have issued a set of FAQs clarifying BRCA testing as a preventive service under the provisions of the Affordable Care Act. To read the full news, click here.

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

 

Related Articles (MYGN + JCP)

Get Benzinga's Newsletters