US Stock Futures Rise Ahead Of GDP, Consumer Sentiment Data

Pre-open movers US stock futures traded higher in early pre-market trade. Data on GDP growth for the second quarter will be released at 8:30 a.m. ET, while the Reuters/University of Michigan's consumer sentiment index for September will be released at 9:55 a.m. ET. Futures for the Dow Jones Industrial Average jumped 24 points to 16,924.00, while the Standard & Poor's 500 index futures rose 2 points to 1,963.60. Futures for the Nasdaq 100 index gained 4 points to 4,011.50. A Peek Into Global Markets European markets were higher today, with the Spanish Ibex Index rising 0.49%, STOXX Europe 600 Index gaining 0.18%. German DAX 30 index rose 0.03%, French CAC 40 Index gained 0.68% and London's FTSE 100 Index climbed 0.03%. In Asian markets, Japan's Nikkei Stock Average tumbled 0.88%, Hong Kong's Hang Seng Index fell 0.38%, China's Shanghai Composite Index rose 0.11% and India's BSE Sensex surged 0.60%. Broker Recommendation Analysts at Janney Capital upgraded Nike NKE from Neutral to Buy. The target price for Nike has been raised from $80 to $93. Nike's shares surged 6.90% to $85.25 in pre-market trading. Breaking news

• Intel INTC and Tsinghua Unigroup, an operating subsidiary of Tsinghua Holdings Co., Ltd., a solely state-owned limited liability corporation funded by Tsinghua University in China, today jointly announced that both parties have signed a series of agreements. To read the full news, click here.
• Nike NKE shares gained in pre-market trading when the company beat first-quarter profit expectations, citing a wider gross margin and lower taxes. To read the full news, click here.
• Repros Therapeutics RPRX today reported it has been granted a Type B Pre-NDA meeting with the FDA in the first half of November. In this meeting the Company will seek guidance on its planned New Drug Application (NDA) for Androxal for the treatment of secondary hypogonadism with preservation of testicular function. To read the full news, click here.
• The Hershey Company HSY announced that it has completed the initial closing and acquired an 80 percent stake in the iconic Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China. To read the full news, click here.