Market Overview

US Stock Futures Up Ahead Of Factory Orders Data

Share:
US Stock Futures Up Ahead Of Factory Orders Data
Related TWTR
Why The Online Dating Business Is Going To Be Much Bigger Than Anyone Expects
How 16 Wall Street Analysts Reacted To Twitter's Earnings Report
LinkedIn Q2 Earnings, Outlook Top Consensus Views (Investor's Business Daily)
Related PETX
Benzinga's Top Initiations
Aratana Therapeutics Reports Positive Pilot Field Study of AT-002 in Cats
Premarket Biotech Digest: Merck Earnings, Gilead Beats Again, NantKwest Surges (Seeking Alpha)

Pre-open movers

US stock futures gained in early pre-market trade, ahead of economic data. Data on factory orders for November and the ISM non-manufacturing composite index for December will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 25 points to 16,432.00, while the Standard & Poor's 500 index futures gained 2.30 points to 1,827.80. Futures for the Nasdaq 100 index rose 2 points to 3,533.50.

A Peek Into Global Markets

European markets were mixed today, with the Spanish Ibex Index rising 0.68%, London's FTSE 100 index dropping 0.07% and STOXX Europe 600 Index declining 0.11%. German DAX 30 index surged 0.15% and French CAC 40 Index climbed 0.09%. UK services PMI declined to 58.8 in December, versus November's reading of 60.0.

Asian markets ended lower today. Japan's Nikkei Stock Average tumbled 2.35%, China's Shanghai Composite dropped 1.80%, Hong Kong's Hang Seng Index declined 0.58% and India's BSE Sensex fell 0.31%.

Broker Recommendation

Analysts at Morgan Stanley downgraded Twitter (NYSE: TWTR) from “equal-weight” to “underweight.” The target price for Twitter is set to $33.

Twitter's shares fell 3.70% to $66.45 in pre-market trading.

Breaking news

  • Aratana Therapeutics (NASDAQ: PETX) today announced that it has acquired Okapi Sciences NV, a Belgium-based company with a proprietary pet therapeutics antiviral platform and five clinical/development stage candidates for treating important viral diseases. To read the full news, click here.
  • Samsung Electronics (OTC: SSNLF) and Rambus (NASDAQ: RMBS) today announced the companies have signed a comprehensive 10-year license agreement. To read the full news, click here.
  • XPO Logistics (NYSE: XPO) and Pacer International (NASDAQ: PACR) today announced that they have entered into a definitive agreement for XPO Logistics to acquire Pacer, the third largest provider of intermodal transportation services in North America. To read the full news, click here.
  • Radware (NASDAQ: RDWR) today raised its guidance for the fourth quarter of 2013. The company anticipates quarterly revenues to be at a record level of approximately $53 million, higher than the previous guidance of $49.5 million to $51.0 million. To read the full news, click here.

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

 

Related Articles (PACR + PETX)

Get Benzinga's Newsletters