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 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

 

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