Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are slightly higher this morning. Futures for the Dow Jones Industrial Average surged 6 points to 15,250.00 and S&P 500 index futures rose 1.40 points to 1,646.60. Nasdaq 100 futures jumped 7.25 points to 2,995.75.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index fell 0.05%, London's FTSE 100 index dropped 0.19%, French CAC 40 Index declined 0.24% and German DAX 30 index rose 0.22%.

Asian markets ended mixed, with Japan's Nikkei Stock Average surging 1.83%, China's Shanghai Composite dropping 0.73% and Australia's ASX/S&P500 gaining 0.98%. Hong Kong's Hang Seng Index declined 1.13% and India's Sensex gained 0.09%.

Broker Recommendation Analysts at Bank of America upgraded Adobe Systems (NASDAQ: ADBE) from “neutral” to “buy.” The target price for Adobe has been raised from $47 to $57.

Adobe shares surged 5.17% to $45.60 in pre-market trading.

Breaking news

  • Weyerhaeuser Company (NYSE: WY) today announced the pricing of the public offering of 29,000,000 common shares at $27.75 per share. To read the full news, click here.
  • Live Nation Entertainment (NYSE: LYV), the world's leading live entertainment company, has acquired a majority stake in BDG Music Group, the Baltic region's largest concert promotion company. To read the full news, click here.
  • Antalis, the leading European merchant for print and office paper, has made a binding offer to acquire Xerox's (NYSE: XRX) paper and print media products business in Western Europe. To read the full news, click here.
  • Ektron today announced a collaborative relationship with Rackspace® Hosting (NYSE: RAX) to deliver enterprise hybrid cloud hosting for Ektron customers. To read the full news, click here.

Posted-In: Bank of America US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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