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 weekly jobless claims data. Futures for the Dow Jones Industrial Average surged 63 points to 14,547.00 and S&P 500 index futures rose 7.70 points to 1,555.80. Nasdaq 100 futures gained 14 points to 2,801.00.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index rose 0.09%, London's FTSE 100 Index fell 0.01%, French CAC 40 Index rose 1.01% and German DAX 30 index gained 0.62%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 2.20%, Australia's S&P/ASX 200 dropping 0.95% and India's Sensex tumbling 1.55%.

Broker Recommendation Analysts at Bank of America downgraded Microsoft (NASDAQ: MSFT) from “buy” to “neutral.” The target price for Microsoft has been lowered from $35 to $33.

Microsoft shares dropped 0.63% to $28.38 in pre-market trading.

Breaking news

  • Midstates Petroleum Company (NYSE: MPO) announced today that it has entered into a Purchase and Sale Agreement with Panther Energy, LLC, and its partners Red Willow Mid-Continent, LLC and LINN Energy Holdings, LLC (NASDAQ: LINE), to acquire producing properties as well as developed and undeveloped acreage in the Anadarko Basin in Texas and Oklahoma for $620 million in cash. To read the full news, click here.
  • Ormat Technologies (NYSE: ORA) announced today that Sarulla Operations Ltd. (SOL) has signed a Joint Operating Contract (JOC) and Energy Sales Contract (ESC) for the 330 MW Sarulla geothermal power project in Tapanuli Utara, North Sumatra in Indonesia. To read the full news, click here.
  • ReneSola (NYSE: SOL) today announced that it has signed a toll manufacturing agreement with Solairedirect SA, a global pioneer of competitive solar power, to produce 120 megawatts of solar modules in South Africa. To read the full news, click here.
  • Magellan Health Services (NASDAQ: MGLN) announced today that it has filed a formal protest regarding the State's decision to award the Regional Behavioral Health Authority (RBHA) in GSA6 (Maricopa County) to another vendor. To read the full news, click here.

Posted-In: Bank of America US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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