Market Overview

US Stock Futures Up Ahead Of Factory Orders Data

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Zohydro Gains Massachusetts Approval, Acts As Minor Catalyst For Zogenix
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Pre-open movers

US stock futures rose in early pre-market trade, ahead of factory orders data. Data on factory orders will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 35 points to 15,577.00, while the Standard & Poor's 500 index futures rose 4.20 points to 1,758.90. Futures for the Nasdaq 100 index gained 12.75 points to 3,380.75.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.28%, London's FTSE 100 index gaining 0.48% and STOXX Europe 600 Index surging 0.36%. German DAX 30 index rose 0.33% and French CAC 40 Index gained 0.22%.

Asian markets ended mostly lower today. China's Shanghai Composite gained 0.07 points, Hong Kong's Hang Seng Index declined 0.26%. Australia's ASX/S&P500 fell 0.41%.

Broker Recommendation

Analysts at Goldman Sachs downgraded Gap (NYSE: GPS) from “buy” to “neutral.” The target price for Gap has been lowered from $42 to $40.

Gap's shares closed at $36.78 on Friday.

Breaking news

  • Zogenix (NASDAQ: ZGNX) announced today that it intends to offer and sell $60 million of shares of its common stock in an underwritten public offering. To read the full news, click here.
  • Sequential Brands Group (NASDAQ: SQBG) announced today that it has acquired the Franklin Mint brand, including all of the related intellectual property and certain other assets. To read the full news, click here.
  • Sangamo BioSciences (NASDAQ: SGMO) announced today the presentation of clinical data from its program to develop a ZFP Therapeutic® for HIV/AIDS. To read the full news, click here.
  • Spherix (NASDAQ: SPEX) announced today that the Company has accepted $2.0 million in subscriptions of a non-brokered private placement of its equity that convert into common stock on a share for share basis. To read the full news, click here.

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

 

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