Market Overview

US Stock Futures Signal Higher Start On Wall Street

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Pre-open movers

US stock futures rose in early pre-market trade. Futures for the Dow Jones Industrial Average surged 63 points to 16,460.00, while the Standard & Poor's 500 index futures gained 5.40 points to 1,839.70. Futures for the Nasdaq 100 index rose 18.75 points to 3,603.50.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index dropping 0.08%, London's FTSE 100 index gaining 0.22% and STOXX Europe 600 Index surging 0.37%. German DAX 30 index climbed 0.41% and French CAC 40 Index gained 0.40%.

Asian markets ended higher today. Japan's Nikkei Stock Average rose 0.99%, China's Shanghai Composite gained 0.86%, Hong Kong's Hang Seng Index rose 0.45% and India's BSE Sensex gained 0.22%.

Broker Recommendation

Analysts at Evercore Partners upgraded NVIDIA (NASDAQ: NVDA) from “underweight” to “equal-weight.” The target price for NVIDIA is set to $16.

NVIDIA's shares closed at $15.00 on Friday.

Breaking news

  • Acceleron Pharma (NASDAQ: XLRN) today announced that it has commenced an underwritten public offering of $100 million of its common stock. To read the full news, click here.
  • XenoPort (NASDAQ: XNPT) announced today that it intends to offer and sell 10,000,000 shares of its common stock, subject to market and other conditions, in an underwritten public offering. To read the full news, click here.
  • Affymetrix (NASDAQ: AFFX) today announced that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market its CytoScan® Dx Assay. To read the full news, click here.
  • Verizon Communications (NYSE: VZ) and Intel (NASDAQ: INTC) today announced an agreement for Verizon to purchase from Intel the assets of Intel Media, a business division dedicated to the development of Cloud TV products and services. To read the full news, click here.

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

 

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