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 14 points to 14,997.00 and S&P 500 index futures rose 1.10 points to 1,621.70. Nasdaq 100 futures gained 3.75 points to 2,950.25.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.40%, London's FTSE 100 index gained 0.28%, French CAC 40 Index gained 0.75% and German DAX 30 index rose 0.67%.

Asian markets ended higher, with Japan's Nikkei Stock Average jumping 0.74%, China's Shanghai Composite surging 0.48% and Australia's S&P/ASX 200 index gaining 1.08%. Hong Kong's Hang Seng Index rose 0.86% and India's Sensex gained 0.51%.

Broker Recommendation Analysts at ISI Group upgraded Lowe's Companies (NYSE: LOW) from “neutral” to “buy.” The target price for Lowe's has been raised from $40 to $46.

Lowe's stock closed at $40.29 yesterday.

Breaking news

  • Enbridge (NYSE: ENB) and Enbridge Energy Partners, LP (NYSE: EEP) today announced that they have entered into an agreement whereby Enbridge will invest $1.2 billion in preferred units issued by EEP, and which is expected to close later today. To read the full news, click here.
  • Accenture (NYSE: ACN) has signed an eight-year application outsourcing agreement with Astellas Pharma. To read the full news, click here.
  • EA SPORTS™, a division of Electronic Arts (NASDAQ: EA) and the Fédération Internationale de Football Association (FIFA) have announced an extension of their existing licensing agreement until December 31, 2022. To read the full news, click here.
  • Trulia (NYSE: TRLA) announced today that it has entered into a definitive agreement to acquire Market Leader (NASDAQ: LEDR) for approximately $355 million, or an implied price of $11.33 per share (based on Trulia's closing share price on Tuesday, May 7, 2013). To read the full news, click here.

Posted-In: ISI Group US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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