A Peek Into The Market Before The Trading Starts - Eastman Chemical (NYSE:EMN)

Pre-open movers

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 39 points to 14,688.00 and S&P 500 index futures rose 4.30 points to 1,580.80. Nasdaq 100 futures gained 10.75 points to 2,841.25.

A Peek Into Global Markets

European markets were mostly higher today. The STOXX Europe 600 Index rose 0.5138%, London's FTSE 100 Index dropped 0.01%, French CAC 40 Index rose 0.66% and German DAX 30 index gained 0.35%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average declining 0.30% and Australia's S&P/ASX 200 index rising 0.50%. Hong Kong's Hang Seng rose 0.15% and India's Sensex gained 0.52%.

Broker Recommendation

Analysts at JP Morgan downgraded Eastman Chemical Company

EMN

from “overweight” to “neutral.” The target price for Eastman Chemical has been lowered from $79 to $70. Eastman Chemical's shares closed at $68.97 on Friday.

Breaking news

Loews L reported a 34% drop in its first-quarter earnings. To read the full news, click here.
WNS (Holdings) Limited WNS, a leading provider of global Business Process Outsourcing (BPO) services, announced today that it has extended its contract with global pharmaceutical leader GlaxoSmithKline Services Unlimited GSK, to deliver high-end research and analytics services. To read the full news, click here.
Conceptus CPTS announced today that Conceptus has signed a definitive merger agreement with Bayer HealthCare LLC, Leverkusen, Germany. To read the full news, click here.
Eaton ETN reported a 22% increase in its Q1 profit. To read the full news, click here.

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