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 economic data. Futures for the Dow Jones Industrial Average surged 28 points to 14,293.00 and S&P 500 index futures rose 2.30 points to 1,541.40. Nasdaq 100 futures climbed 7 points to 2,795.25.
A Peek Into Global Markets
European markets were higher today. The STOXX Europe 600 Index surged 0.20%, London's FTSE 100 Index gained 0.46%, French CAC 40 Index rose 0.53% and German DAX 30 index surged 0.27%. Asian markets ended mixed, with Japan's Nikkei Stock Average gaining 0.30%, China's Shanghai Composite falling 0.98% and Australia's S&P/ASX 200 dropping 0.15%. Hong Kong's Hang Seng Index declined 0.03% and India's Sensex climbed 0.84%.
Broker Recommendation
Analysts at Goldman Sachs upgraded MEMC Electronic Materials
WFR
from “neutral” to “buy.” The target price for MEMC Electronic has been raised from $4 to $6.50. MEMC Electronic shares gained 4.96% to $5.50 in pre-market trading.
Breaking news
  • Smithfield Foods SFD reported a 3.2% rise in its fiscal third-quarter earnings. To read the full news, click here.
  • Rambus RMBS announced today it has transferred a portfolio of patent assets covering display technologies to a subsidiary of Acacia Research ACTG. To read the full news, click here.
  • Inovio Pharmaceuticals INO today announced that it has priced an underwritten offering of 27,377,266 shares of its common stock and warrants to purchase up to 13,688,633 shares of common stock at a combined price to the public of $0.55 per share and related warrant for gross proceeds of $15.1 million. To read the full news, click here.
  • Williams Interactive LLC, a wholly owned subsidiary of WMS Industries WMS, announced today that the Company has entered into a multi-year online content licensing agreement with The Rank Group Plc., a leading European gaming-based entertainment company. To read the full news, click here.
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