Market Overview

US Stock Futures Up Ahead Of Fed Speakers

US Stock Futures Up Ahead Of Fed Speakers
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Pre-open movers

US stock futures rose in early pre-market trade, ahead of speeches from Fed officials. Futures for the Dow Jones Industrial Average surged 30 points to 14,936.00, while the Standard & Poor's 500 index futures rose 4.50 points to 1,674.20. Futures for the Nasdaq 100 index gained 10.75 points to 3,213.00.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 0.64%, London's FTSE 100 index gaining 0.13% and STOXX Europe 600 Index declining 0.03%. German DAX 30 index rose 0.03% and French CAC 40 Index surged 0.59%.

Asian markets ended mostly lower today. Japan's Nikkei Stock Average fell 0.94%, Australia's ASX/S&P500 dropped 0.50%, Hong Kong's Hang Seng Index fell 0.33% and India's Sensex jumped 0.07%.

Broker Recommendation

Analysts at Piper Jaffray upgraded OpenTable (NASDAQ: OPEN) from “neutral” to “overweight.” The target price for OpenTable has been raised from $65 to $80.

OpenTable's shares closed at $69.73 yesterday.

Breaking news

  • Delcath Systems (NASDAQ: DCTH) announced today that as part of its efforts to increase operating efficiencies, the Company has completed a strategic reorganization under which it has eliminated 21 positions, or approximately 33% of its global workforce. To read the full news, click here.
  • Le Gaga Holdings (NASDAQ: GAGA) today announced damage caused by super typhoon Usagi at its production bases in Huidong, Guangdong Province. To read the full news, click here.
  • Potbelly (NASDAQ: PBPB) announced today the pricing of its initial public offering of 7,500,000 shares of common stock at a price to the public of $14.00 per share. To read the full news, click here.
  • Mondelez International (NASDAQ: MDLZ), the world's second largest coffee company, will expand its global coffee footprint, entering the Dutch and Australian markets through the CARTE NOIRE and VELOURS NOIR brands. To read the full news, click here.

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


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