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 jumped 84 points to 14,494.00 and S&P 500 index futures rose 10.10 points to 1,544.10. Nasdaq 100 futures gained 17 points to 2,756.50.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.88%, London's FTSE 100 Index gained 0.59%, French CAC 40 Index surged 1.54% and German DAX 30 index rose 0.53%.

Asian markets ended higher, with Japan's Nikkei Stock Average gaining 0.73%, China's Shanghai Composite surging 2.14% and Australia's S&P/ASX 200 rising 0.24%. Hong Kong's Hang Seng rose 2.33%.

Broker Recommendation Analysts at Deutsche Bank upgraded AutoNation (NYSE: AN) from “sell” to “hold.” The target price for AutoNation has been raised from $38 to $39.

AutoNation shares closed at $43.30 yesterday.

Breaking news

  • Rockwell Collins (NYSE: COL) today announced that Chairman and CEO Clay Jones, 64, has informed the company's board of directors of his plans to retire as CEO effective July 31, after almost 34 years of service. To read the full news, click here.
  • Baker Hughes (NYSE: BHI) reported a 30% drop in its first-quarter profit. To read the full news, click here.
  • Clayton Williams Energy (NASDAQ: CWEI) today announced that it had entered into a transaction with a financial investor to monetize 95% of its Wolfberry oil and gas reserves, leasehold interests and facilities located in Andrews County, Texas for $214 million, subject to customary closing adjustments. To read the full news, click here.
  • Global Sources (NASDAQ: GSOL) has entered into an agreement to acquire an ownership interest in the Shenzhen International Machinery Manufacturing Industry Exhibition and its related shows (SIMM). To read the full news, click here.

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

 

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