Market Overview

US Stock Futures Edge Higher; All Eyes On Fed

Related BDX
Death Cross Stocks - The Coca-Cola Company, Crocs, Inc. & More
UPDATE: Deutsche Bank Reiterates On Becton, Dickinson and Co. On Relative Valuation
Related AZN
Teva Announces UK High Court Gives Positive Judgment In The Company's Patent Case Against AstraZeneca
SunTrust Sees Further Pfizer Inc. Bid For AstraZeneca PLC (ADR) 'Highly Likely'
Treasury Develolping Options to Curb Inversions (Fox Business)

Pre-open movers

US stock futures rose in early pre-market trade, ahead of the policy decision from the Federal Reserve. Data on housing starts for August will be released at 8:30 a.m. ET, while the Federal Open Market Committee will announce its policy decision and economic projections at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average surged 13 points to 15,478.00, while the Standard & Poor's 500 index futures rose 1.90 points to 1,700.20. Futures for the Nasdaq 100 index gained 9 points to 3,193.00.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index gaining 0.51%, London's FTSE 100 index rising 0.17% and STOXX Europe 600 Index surging 0.47%. German DAX 30 index gained 0.50% and French CAC 40 Index rose 0.51%.

Asian markets ended mostly higher today. Japan's Nikkei Stock Average surged 1.35%, while China's Shanghai Composite rose 0.29%. Australia's ASX/S&P500 dropped 0.28%, Hong Kong's Hang Seng Index declined 0.27% and India's Sensex jumped 0.8%.

Broker Recommendation

Analysts at Piper Jaffray upgraded Becton, Dickinson and Company (NYSE: BDX) from “neutral” to “overweight.” The target price for Becton, Dickinson and Company has been raised from $91 to $117.

Becton, Dickinson's shares closed at $100.80 yesterday.

Breaking news

  • AstraZeneca (NYSE: AZN) today announced that the US Food and Drug Administration (FDA) has accepted for review a New Drug Application (NDA) for EpanovaTM, an investigational compound for the treatment for patients with severe hypertriglyceridaemia (triglyceride levels greater than or equal to 500mg/dL). To read the full news, click here.
  • Sohu.com (NASDAQ: SOHU) announced today that its majority-owned search subsidiary Sogou, has paid to the holders of Series A Preferred Shares of Sogou a special dividend in the aggregate amount of $300,892,698. To read the full news, click here.
  • Visage Mobile, Inc., the SaaS enterprise mobility management (EMM) solution, today announced a strategic investment by Concur (NASDAQ: CNQR), the global leader in integrated travel and expense management, through the Concur Perfect Trip™ Fund. To read the full news, click here.
  • BlackBerry (NASDAQ: BBRY) today introduced the new BlackBerry(R) Z30 smartphone, BlackBerry's biggest, fastest and most advanced smartphone. Featuring BlackBerry(R) 10 OS version 10.2, the new all-touch BlackBerry Z30 smartphone comes with a beautiful 5" display and the largest battery yet on a BlackBerry smartphone. To read the full news, click here.

Posted-In: Piper Jaffray US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

Related Articles (AZN + BBRY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters