Market Overview

A Peek Into The Market Before The Trading Starts

Share:
A Peek Into The Market Before The Trading Starts
Related AMAT
Intuit Earnings Just A Bump In The Road During A Strong Year For 'Old Tech'
Applied Materials' EPS Growing Faster Than Its Stock Price
Bain Is Right About China's Semiconductor Market And Applied Materials' Outlook Is Flawed (Seeking Alpha)
Related BMY
Technical Alert: Bristol-Myers Squibb Makes New For Move
Brean Downgrades The Healthcare Sector On Technical Indicators
What One Hand Gives, The Other Takes Away (Seeking Alpha)

Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 80 points to 15,218.00 and S&P 500 index futures rose 9.60 points to 1,636.70. Nasdaq 100 futures gained 14 points to 2,977.50.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index gained 0.55%, London's FTSE 100 index gained 0.21%, French CAC 40 Index rose 0.43% and German DAX 30 index rose 0.08%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.21% and Australia's ASX/S&P500 dropping 0.69%. India's Sensex tumbled 0.53%.

Broker Recommendation Analysts at Citigroup upgraded Applied Materials (NASDAQ: AMAT) from “neutral” to “buy.” The target price for Applied Materials has been raised from $14 to $20.

Applied Materials shares closed at $15.19 yesterday.

Breaking news

  • Bristol-Myers Squibb Company (NYSE: BMY) today announced the results of year two data from AMPLE (Abatacept Versus Adalimumab Comparison in Biologic-Naïve rheumatoid arthritis (RA) Subjects With Background Methotrexate), a first-of-its-kind trial of 646 patients comparing the subcutaneous (SC) formulation of ORENCIA® (abatacept) vs. Humira® (adalimumab), each on a background of MTX, in biologic naïve patients with moderate to severe RA. To read the full news, click here.
  • Gigamon (NYSE: GIMO) announced today the pricing of its initial public offering of 6,750,000 shares of its common stock at a price to the public of $19.00 per share. To read the full news, click here.
  • Portland General Electric Company (NYSE: POR) announced today the pricing of a public offering of 11.1 million shares of its common stock at $29.50 per share. To read the full news, click here.
  • Cyber-security expert Avira Technologies (NYSE: AVG) announced today that Travis Witteveen has been promoted to CEO of the company, effective July 1, 2013. To read the full news, click here.

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

 

Related Articles (AMAT + AVG)

View Comments and Join the Discussion!