Market Overview

US Stock Futures Up Ahead of Economic Data

Share:
US Stock Futures Up Ahead of Economic Data
Related CREE
Mid-Afternoon Market Update: Dow Dips Over 650 Points; Hubbell Shares Spike Higher
Tuesday's After-Hours Movers Led By Fossil, Cree And Myriad
26 Stocks For September 2015 (Seeking Alpha)
Related ACN
Accenture to Acquire Schlumberger Business Consulting, the Management Consulting Arm of Schlumberger, to Expand Accenture Strategy Capabilities in Upstream Oil and Gas
Using Cryptocurrency To Fight Crime
Notice of Redemption for FTI Consulting's Notes Due 2020 (Zacks)

Pre-open movers

US stock futures surged in early pre-market trade, ahead of economic data. The Markit PMI manufacturing index (final) for September will be released at 8:58 a.m. ET. The ISM manufacturing composite index for September and construction spending data for August will be released at 10:00 a.m. ET.

Futures for the Dow Jones Industrial Average surged 54 points to 15,100.00, while the Standard & Poor's 500 index futures rose 7.60 points to 1,681.90. Futures for the Nasdaq 100 index gained 13.75 points to 3,222.75.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 0.73%, London's FTSE 100 index dropping 0.23% and STOXX Europe 600 Index gaining 0.32%. German DAX 30 index rose 0.62% and French CAC 40 Index gained 0.71%.

Asian markets ended mostly higher today. Japan's Nikkei Stock Average rose 0.20%, Australia's ASX/S&P500 dropped 0.22% and India's Sensex surged 0.76%. China's official manufacturing PMI climbed rose to 51.1 in September, from 51.0 in August.

Broker Recommendation

Analysts at Canaccord Genuity upgraded Cree (NASDAQ: CREE) from “hold” to “buy.” The target price for Cree has been increased from $65 to $80.

Cree shares closed at $ 60.19 yesterday.

Breaking news

  • Accenture (NYSE: ACN) has completed its acquisition of PRION Group – a leading consulting and systems integrator that specializes in Siemens Product Lifecycle Management (PLM) Software. To read the full news, click here.
  • Magic Software Enterprises (NASDAQ: MGIC) announced today that it has accelerated its expansion into China with the appointment of United Electronics Co., Ltd. (UEC) as a Magic xpa and Magic xpi prime partner and reseller for Mainland China, Hong Kong, and Macau. To read the full news, click here.
  • Biogen Idec (NASDAQ: BIIB) announced new data analyses from year one of the two-year, pivotal, Phase 3 ADVANCE study of PLEGRIDYTM (peginterferon beta-1a). To read the full news, click here.
  • Wyndham Hotel Group, the world's largest hotel company with approximately 7,410 hotels and part of Wyndham Worldwide (NYSE: WYN), today announced the signing of 17 hotels representing over 2,300 rooms across Germany and Austria in association with Grand City Hotels.To read the full news, click here.

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

 

Related Articles (BIIB + ACN)

Get Benzinga's Newsletters