US Stock Futures Signal Higher Start On Wall Street

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Pre-open movers
US stock futures traded higher in early pre-market trade. Futures for the Dow Jones Industrial Average jumped 52 points to 16,468.00, while the Standard & Poor's 500 index futures rose 7.40 points to 1,925.90. Futures for the Nasdaq 100 index climbed 12.50 points to 3,885.75.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.47%, STOXX Europe 600 Index gaining 0.20%. German DAX 30 index rose 0.21%, French CAC 40 Index climbed 0.74% and London's FTSE 100 Index gained 0.48%. Euro-zone producer prices climbed 0.1% in June from May. In Asian markets, Japan's Nikkei Stock Average fell 0.31%, Hong Kong's Hang Seng Index gained 0.28%, China's Shanghai Composite Index jumped 1.74% and India's Sensex climbed 0.95%. China's official nonmanufacturing PMI slipped to 54.2 in July versus 55.0 in June.
Broker Recommendation
Analysts at Deutsche Bank upgraded United States Steel
X
from Hold to Buy. The target price for United States Steel has been raised from $28.00 to $40.00. United States Steel's shares gained 1.67% to $34.00 in pre-market trading.
Breaking news
  • Loews Corporation L reported better-than-expected second-quarter earnings. To read the full news, click here.
  • Tecomet, a Genstar Capital portfolio company and precision contract manufacturer supporting the medical device and aerospace industries, today announced that it has signed a definitive agreement with Symmetry Medical SMA to acquire its OEM Solutions business segment for $450 million. To read the full news, click here.
  • TowerJazz TSEM reported better-than-expected second-quarter net profit. The Israeli chipmaker posted a non-GAAP net profit of $31 million, a 70% rise from $18 million in the year-ago quarter. The company's per-share earnings climbed to $0.62 from $0.47. To read the full news, click here.
  • Cardinal Health CAH reported stronger-than-expected fiscal fourth-quarter results. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsDeutsche BankUS Stock Futures
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