US Stock Futures Up Ahead Of Consumer Sentiment Report

US stock futures traded higher in early pre-market trade, ahead of earnings and economic data. The Reuter's/University of Michigan's consumer sentiment index for July will be released at 9:55 a.m. ET, while the Conference Board's index of leading indicators for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 19 points to 16,960.00, while the Standard & Poor's 500 index futures rose 4.90 points to 1,958.50. Futures for the Nasdaq 100 index gained 9.75 points to 3,885.75.

European markets were lower today, with the Spanish Ibex Index falling 0.82%, STOXX Europe 600 Index dropping 0.43%. German DAX 30 index declined 0.61%, French CAC 40 Index tumbled 0.10% and London's FTSE 100 Index dropped 0.48%. In Asian markets, Japan's Nikkei Stock Average fell 1.01%, Hong Kong's Hang Seng Index declined 0.28%, China's Shanghai Composite Index gained 0.17% and India's BSE Sensex gained 0.31%.

Analysts at FBR Capital downgraded Advanced Micro Devices

from Outperform to Market Perform. The target price for Advanced Micro Devices has been lowered from $60 to $4.50. AMD's shares dropped 17.72% to $3.76 in pre-market trading.