Market Overview

US Stock Futures Surge Ahead Of Beige Book, Bank of America Earnings

Related BAC
Bank Of America Says Outflows Signal Investors Are Seeking Safety Over Growth
High Yield, REIT And Financial ETFs To Watch This Week
It's Time to Own at Least One Security Stock (Fox Business)

Pre-open movers

US stock futures jumped in early pre-market trading, ahead of earnings from Bank of America (NYSE: BAC) and Google (NASDAQ: GOOGL). The Housing starts report for March will be released at 8:30 a.m. ET, while industrial production data for March will be released at 9:15 a.m. ET. The Federal Reserve will release its latest Beige Book report at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average surged 69 points to 16,274.00, while the Standard & Poor's 500 index futures rose 8.30 points to 1,847.90. Futures for the Nasdaq 100 index gained 18.50 points to 3,509.75.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index surging 1.11%, London's FTSE 100 index gaining 0.33% and STOXX Europe 600 Index jumping 0.74%. German DAX 30 index climbed 0.79% and French CAC 40 Index rose 0.85%. Italy's trade surplus widened to EUR2.6 billion ($3.59 billion) in February, from EUR1.0 billion in the year-ago month. UK's unemployment declined to 6.9% in the three months to February. The European Union's consumer prices rose 0.9% in March from February.

Asian markets ended mostly higher today. Japan's Nikkei Stock Average surged 3.01%, Hong Kong's Hang Seng Index rose 0.11%, China's Shanghai Composite gained 0.17% and India's BSE Index dropped 0.92%. Broker Recommendation

Analysts at Imperial Capital upgraded Goodrich Petroleum (NYSE: GDP) from “in-line” to “outperform.” The target price for Goodrich Petroleum has been raised from $13 to $33.

Goodrich Petroleum's shares closed at $24.34 yesterday.

Breaking news

  • Huntington Bancshares Incorporated announced that the board of directors has declared a quarterly cash dividend on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (NASDAQ: HBANP) of $21.25 per share. To read the full news, click here.
  • TriVascular Technologies (NASDAQ: TRIV) today announced the pricing of its initial public offering of 6,500,000 shares of its common stock at a public offering price of $12.00 per share. To read the full news, click here.
  • Credit Suisse Group AG (NYSE: CS) reported a drop in first-quarter profit. To read the full news, click here.
  • Dr Reddy's Laboratories (NYSE: RDY) announced today that it has launched Eszopiclone Tablets (C-IV) 1 mg, 2 mg and 3 mg, a therapeutic equivalent generic version of LUNESTA® (eszopiclone) tablets C-IV in the US market on April 15, 2014, following the approval by the United States Food & Drug Administration (USFDA). To read the full news, click here.

Posted-In: imperial capital US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

Related Articles (BAC + CS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional