Market Overview

US Stock Futures Edge Higher Ahead Of Durable-Goods Orders Data

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Pre-open movers

US stock futures rose in early pre-market trade, ahead of economic data. Data on durable-goods orders for November will be released at 8:30 a.m. ET, while the FHFA house price index for October will be released at 9:00 a.m. ET. Data on new home sales for November and the Richmond Fed manufacturing index for December will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 13 points to 16,251.00, while the Standard & Poor's 500 index futures gained 1 point to 1,823.80. Futures for the Nasdaq 100 index rose 0.25 points to 3,565.00. US stock markets will close at 1 p.m. ET for Christmas Eve.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.58%, London's FTSE 100 index gaining 0.40% and STOXX Europe 600 Index surging 0.26%. German DAX 30 index climbed 0.94% and French CAC 40 Index gained 0.02%. French consumer spending rose 1.4% in November.

Asian markets ended mostly higher today. Japan's Nikkei Stock Average rose 0.12%, China's Shanghai Composite gained 0.15%, Hong Kong's Hang Seng Index rose 1.12% and India's BSE Sensex fell 0.32%.

Broker Recommendation

Analysts at Stifel Nicolaus downgraded Heartland Express (NASDAQ: HTLD) from “buy” to “hold.”

Heartland Express's shares closed at $19.54 yesterday.

Breaking news

  • Synergy Pharmaceuticals. (NASDAQ: SGYP) today announced it has closed patient enrollment in its plecanatide phase 2b clinical trial in irritable bowel syndrome with constipation (IBS-C). To read the full news, click here.
  • Acacia Research (NASDAQ: ACTG) announced today that its Automated Facilities Management Corporation subsidiary has entered into a settlement and patent license agreement with Smartware Group. To read the full news, click here.
  • Trina Solar (NYSE: TSL) today announced that it has received JIS Q 8901 Certification from TUV Rheinland. To read the full news, click here.
  • Hospitality Properties Trust (NYSE: HPT) today announced that it has amended its business management agreement with Reit Management & Research LLC, or RMR, effective January 1, 2014. To read the full news, click here.

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

 

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