Market Overview

US Stock Futures Gain Ahead Of Durable-Goods Orders Data

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Pre-open movers

US stock futures climbed in early pre-market trading, ahead of economic data. Data on durable goods orders for February will be released at 8:30 a.m. ET, while the Markit PMI Services Flash data for March will be released at 9:45 a.m. ET. Futures for the Dow Jones Industrial Average surged 43 points to 16,341.00, while the Standard & Poor's 500 index futures rose 4.30 points to 1,863.60. Futures for the Nasdaq 100 index gained 13.25 points to 3,637.00.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 1.10%, London's FTSE 100 index gaining 0.54% and STOXX Europe 600 Index jumping 0.75%. German DAX 30 index climbed 1.26% and French CAC 40 Index surged 0.93%.

Asian markets ended mostly higher today. Japan's Nikkei Stock Average rose 0.37%, Hong Kong's Hang Seng Index surged 0.72% and China's Shanghai Composite Index fell 0.18% and India's BSE Sensex climbed 0.18%.

Broker Recommendation

Analysts at Wunderlich downgraded Panera Bread Company (NASDAQ: PNRA) from “buy” to “hold.” The target price for Panera Bread Company has been lowered from $205 to $190.

Panera Bread's shares closed at $185.82 yesterday.

Breaking news

  • Acacia Research (NASDAQ: ACTG) announced today that its Super Resolution Technologies LLC subsidiary has entered into a settlement and patent license agreement with GE Healthcare Biosciences (NYSE: GE).To read the full news, click here.
  • Nord Anglia Education (NYSE: NORD) today announced the pricing of its initial public offering of 19,000,000 ordinary shares at a price of $16.00 per share on March 25, 2014.To read the full news, click here.
  • CGG (NYSE: CGG) announced today that it has signed an exclusive agreement with Baker Hughes (NYSE: BHI) for RoqSCANTM technology offered by CGG. To read the full news, click here.
  • Lachlan Murdoch has been named Non-Executive Co-Chairman of News Corp by the Board of Directors, the company announced today. To read the full news, click here.

Posted-In: US Stock Futures WunderlichNews Eurozone Futures Global Pre-Market Outlook Markets

 

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