Market Overview

US Stock Futures Up Ahead Of Jobs Report

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Pre-open movers

US stock futures traded higher in early pre-market trade, ahead of April jobs data. Data on nonfarm payroll employment for April will be released at 8:30 a.m. ET, while factory orders data for March will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average gained 15 points to 16,503.00, while the Standard & Poor's 500 index futures rose 2.50 points to 1,880.20. Futures for the Nasdaq 100 index gained 4.25 points to 3,591.00.

A Peek Into Global Markets European markets were mixed today, with the Spanish Ibex Index rose 0.23%, London's FTSE 100 index gaining 0.14% and STOXX Europe 600 Index dipping 0.02%. German DAX 30 index dropped 0.09% and French CAC 40 Index declined 0.53%.

Asian markets ended mostly lower today. Japan's Nikkei Stock Average lost 0.19%, Hong Kong's Hang Seng Index gained 0.30%, China's Shanghai Composite rose 0.57% and India's BSE Index dropped 0.06%.

Broker Recommendation

Analysts at Bank of America upgraded OpenTable, Inc. (NASDAQ: OPEN) from “neutral” to “buy.” The target price for OpenTable has been set to $87.

OpenTable's shares closed at $68.27 yesterday.

Breaking news

  • The euro was steady at $1.3854 on Friday morning at 7:00 GMT despite two days of disappointing inflation data. To read the full news, click here.
  • RXi Pharmaceuticals announced positive results with RXI-109 study. To read the full news, click here.
  • LyondellBasell received the EPA permit for North American ethylene expansion program on schedule. To read the full news, click here.
  • Growing its portfolio to 11 wind power projects, Pattern Energy Group (NASDAQ: PEGI), today announced it has agreed to acquire 179 megawatts (MW) of owned interest in the 218 MW Panhandle 1 wind project from Pattern Energy Group LP ("Pattern Development") following its completion, expected in June 2014, for a total cash consideration of US$125 million. To read the full news, click here.

Posted-In: Analyst Names US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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