Market Overview

A Peek Into The Market Before The Trading Starts

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A Peek Into The Market Before The Trading Starts
Related LOW
BMO Upgrades Lowe's On Economic Improvement In American Southeast
Benzinga's Top Upgrades
Lowe's given the nod by BMO Capital (Seeking Alpha)
Related ENB
US Stock Futures Edge Higher, Crude Oil Drops
Enbridge Announces Deal to Transfer Canadian Liquids Pipelines Business, Renewable Energy Assets to Enbridge Income Fund for $30.4B
Enbridge Energy Partners Looking For A Pop From A Drop (Seeking Alpha)

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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