US Stock Futures Rise Ahead Of Earnings - Eagle Pharmaceuticals (NASDAQ:EGRX), McDonald's (NYSE:MCD)

Pre-open movers

US stock futures traded higher in early pre-market trade, ahead of earnings from several major companies. Futures for the Dow Jones Industrial Average jumped 26 points to 17,059.00, while the Standard & Poor's 500 index futures rose 3.80 points to 1,978.70. Futures for the Nasdaq 100 index gained 12 points to 3,962.50.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.24%, STOXX Europe 600 Index surging 0.29%. German DAX 30 index gained 0.56%, French CAC 40 Index climbed 0.36% and London's FTSE 100 Index surged 0.24%. In Asian markets, Japan's Nikkei Stock Average fell 0.10%, Hong Kong's Hang Seng Index surged 0.80%, China's Shanghai Composite Index gained 0.14% and India's BSE Sensex rose 0.47%.

Broker Recommendation

Analysts at Baird downgraded McDonald's

MCD

from Outperform to Neutral. The target price for McDonald's has been lowered from $104 to $98. McDonald's shares closed at $96.27 yesterday.

Breaking news

Shares of PepsiCo PEP gained more than 2% in pre-market trading after the company reported better-than-expected second-quarter results and raised its full-year earnings outlook. To read the full news, click here.
Eagle Pharmaceuticals EGRX today announced that the U. S. Food and Drug Administration (FDA) has approved Ryanodex® (dantrolene sodium) for injectable suspension indicated for the treatment of malignant hyperthermia (MH), along with the appropriate supportive measures. To read the full news, click here.
Shares of Whirlpool WHR tumbled more than 5% in pre-market trading after the company reported weaker-than-expected second-quarter profit. To read the full news, click here.
Thermo Fisher Scientific TMO reported upbeat second-quarter results. To read the full news, click here.

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