Market Overview

A Peek Into The Market Before The Trading Starts

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A Peek Into The Market Before The Trading Starts
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Pre-open movers US stock futures are mostly higher this morning. Futures for the Dow Jones Industrial Average surged 8.00 points to 15,183.00 and S&P 500 index futures dropped 0.30 points to 1,647.70. Nasdaq 100 futures gained 0.75 points to 2,996.00.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.52%, London's FTSE 100 index gained 0.14%, French CAC 40 Index gained 0.28% and German DAX 30 index rose 0.15%.

Asian markets ended higher, with Japan's Nikkei Stock Average jumping 2.29%, China's Shanghai Composite surging 0.35% and Australia's S&P/ASX 200 index dropping 0.56%. Hong Kong's Hang Seng Index rose 0.50% and India's Sensex gained 2.49%.

Broker Recommendation Analysts at Goldman Sachs downgraded Golar LNG (NASDAQ: GLNG) from “neutral” to “sell.” The target price for Golar LNG has been lowered from $41.00 to $32.50.

Golar LNG's shares closed at $35.88 yesterday.

Breaking news

  • SeaChange International (NASDAQ: SEAC), a leading global multi-screen video software innovator, today announced that Denmark's second largest cable television operator, Stofa, has signed a multi-year service and maintenance contract for its SeaChange Adrenalin VOD (video-on-demand) services. To read the full news, click here.
  • Illumina (NASDAQ: ILMN) today announced it is collaborating with leading providers of liquid handling robotic platforms to develop automation methods for its best-in-class TruSeq and Nextera Sample Preparation kits. To read the full news, click here.
  • Arctic Cat Inc. (NASDAQ: ACAT) announced today that its board of directors approved the reinstatement of a quarterly cash dividend to shareholders. To read the full news, click here.
  • Sucampo Pharmaceuticals (NASDAQ: SCMP) (SPI) today announced that NASDAQ OMX Group (NASDAQ: NDAQ) will include the company in the NASDAQ Biotechnology Index (NASDAQ: NBI) effective prior to market open on Monday, May 20, 2013. To read the full news, click here.

Posted-In: Goldman Sachs US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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