Market Overview

A Peek Into The Market Before The Trading Starts

A Peek Into The Market Before The Trading Starts
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Worst Performing Industries For May 26, 2016
Benzinga's Top Initiations
Bed Bath & Beyond: Battered And Bruised, But Still A Buy (Seeking Alpha)
Related RENN
Mid-Afternoon Market Update: New York & Company Falls On Weak Results; InterOil Shares Spike Higher
Mid-Day Market Update: Applied Materials Gains Following Earnings Beat; DryShips Shares Slide

Pre-open movers US stock futures are higher this morning, as investors are awaiting consumer data. Futures for the Dow Jones Industrial Average surged 21 points to 14,957.00 and S&P 500 index futures rose 2.40 points to 1,609.00. Nasdaq 100 futures gained 3 points to 2,902.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index declined 0.40%, London's FTSE 100 index dropped 0.12%, French CAC 40 Index dropped 0.57% and German DAX 30 index fell 0.22%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average jumping 3.51%, China's Shanghai Composite surging 1.50% and Australia's ASX/S&P500 falling 0.20%. Hong Kong's Hang Seng Index gained 1.78% and India's Sensex surged 2.75%.

Broker Recommendation Analysts at Bank of America upgraded Bed Bath & Beyond (NASDAQ: BBBY) from “neutral” to “buy.” The target price for Bed Bath & Beyond has been raised from $75 to $82.

Bed Bath & Beyond shares closed at $70.15 yesterday.

Breaking news

  • Renren (NYSE: RENN) today announced that its board of directors has authorized a new share repurchase program. To read the full news, click here.
  • Pactera (NASDAQ: PACT) today announced it has become an authorized Hortonworks Systems Integration Partner, providing Apache Hadoop consulting and integration services for the Hortonworks Data Platform. To read the full news, click here.
  • Noodles & Company (NASDAQ: NDLS) announced the pricing of its initial public offering of 5,357,143 shares of Class A common stock at a price to the public of $18.00 per share. To read the full news, click here.
  • BlackBerry (NASDAQ: BBRY) posted a loss in the first quarter. 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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