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. Futures for the Dow Jones Industrial Average surged 34 points to 14,426.00 and S&P 500 index futures rose 5.40 points to 1,547.60. Nasdaq 100 futures gained 14.25 points to 2,794.50.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.36%, London's FTSE 100 Index gained 0.17%, French CAC 40 Index climbed 0.57% and German DAX 30 index rose 0.56%.

Asian markets ended mixed, with China's Shanghai Composite rising 2.66% and Australia's S&P/ASX 200 tumbling 0.44%. Hong Kong's Hang Seng Index rose 0.97% and India's Sensex tumbled 0.65%.

Broker Recommendation Analysts at JP Morgan upgraded Walgreen (NYSE: WAG) from “neutral” to “overweight.” The target price for Walgreen has been raised from $41 to $55. Walgreen shares rose 5.44% to close at $44.74 yesterday.

Breaking news

  • Yingli Green Energy (NYSE: YGE) today announced that the Company has entered into a non-binding strategic cooperation framework agreement with GCL-Poly Energy Holdings Limited. To read the full news, click here.
  • Pluristem Therapeutics (NASDAQ: PSTI) today reported on the progress of its ongoing double blind Phase I/II clinical trial to test the safety and efficacy of its PLacental Expanded (PLX) cells in the treatment of muscle injury. To read the full news, click here.
  • PGi (NYSE: PGI) today announced a new strategic alliance with TeliaSonera, a leading provider of network access and telecommunication services in the Nordic and Baltic countries, to bring PGi's virtual meeting and cloud-based collaboration solutions to TeliaSonera's business and consumer customers in these regions. To read the full news, click here.
  • Zimmer Holdings (NYSE: ZMH), a global leader in musculoskeletal health, today introduced Persona The Personalized Knee System, at the 2013 American Academy of Orthopaedic Surgeons Annual Meeting. To read the full news, click here.

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

 

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