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, ahead of Fed Chairman Ben Bernanke's congressional testimony. Futures for the Dow Jones Industrial Average gained 1 point to 15,392.00 and S&P 500 index futures rose 0.80 points to 1,672.00. Nasdaq 100 futures surged 5.25 points to 3,076.00.

A Peek Into Global Markets European markets were mixed today. The STOXX Europe 600 Index gained 0.20%, London's FTSE 100 index dropped 0.27%, French CAC 40 Index gained 0.49% and German DAX 30 index fell 0.27%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.11%, China's Shanghai Composite dropping 1.01% and Australia's ASX/S&P500 falling 0.04%. Hong Kong's Heng Seng Index surged 0.28% and India's Sensex gained 0.49%.

Broker Recommendation Analysts at Deutsche Bank downgraded Johnson & Johnson (NYSE: JNJ) from “buy” to “hold.” The target price for Johnson & Johnson has been raised from $92 to $93.

Johnson & Johnson's shares closed at $90.40 yesterday.

Breaking news

  • Concur (NASDAQ: CNQR) today announced it has acquired leading Travel Management Company ('TMC') technology solutions from GDSX and TRX. To read the full news, click here.
  • Extreme Networks (NASDAQ: EXTR) today announced that it has entered into a strategic global reseller alliance with computing leader Lenovo (OTC: LNVGY), the world's #1 PC maker and innovative provider of technology solutions to global businesses. To read the full news, click here.
  • VIVUS (NASDAQ: VVUS) today announced its latest proposed settlement offer to First Manhattan Co. (FMC) was immediately rejected by FMC. To read the full news, click here.
  • Bank of America (NYSE: BAC) reported a rise in its second-quarter profit. To read the full news, click here.

Posted-In: Deutsche Bank Fed Chairman Ben Bernanke US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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