US Stock Futures Mostly Flat Ahead Of Earnings, Consumer Price Index

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Pre-open movers
US stock futures traded mostly flat in early pre-market trade, ahead of earnings from Boeing
BA
and Dow Chemical Co
DOW
. The consumer price index for September will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average gained 3 points to 16,550.00, while the Standard & Poor's 500 index futures fell 2.40 points to 1,935.60. Futures for the Nasdaq 100 index declined 1 point to 3,970.50.
A Peek Into Global Markets
European markets were mixed today, with the Spanish Ibex Index dropping 0.03%, STOXX Europe 600 Index rising 0.06%. German DAX 30 index climbed 0.21%, French CAC 40 Index rose 0.08% and London's FTSE 100 Index dropped 0.05%. In Asian markets, Japan's Nikkei Stock Average rose 2.64%, Hong Kong's Hang Seng Index rose 1.37%, China's Shanghai Composite Index dropped 0.56% and India's BSE Sensex gained 0.80%.
Broker Recommendation
Analysts at FBR Capital upgraded Yahoo!
YHOO
from Market Perform to Outperform. The price target for Yahoo! has been raised from $40 to $50. Yahoo's shares surged 3.43% to $41.56 in pre-market trading.
Breaking news
  • Polaris Industries PII reported a stronger-than-expected profit for the third quarter and raised its earnings forecast for the full year. To read the full news, click here.
  • Yahoo! YHOO net income from operations fell 55 percent for the recent period on nearly flat revenue, but the company beat third-quarter expectations. To read the full news, click here.
  • Stanley Black & Decker SWK reported better-than-expected earnings for the third quarter and narrowed its earnings forecast for the year. To read the full news, click here.
  • BGC Partners BGCP today announced it has commenced a fully-financed tender offer to acquire all of the outstanding common shares of GFI Group GFIG it does not currently own for $5.25 per share in cash. BGC currently owns 13.5% of GFI's outstanding shares. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsFBR CapitalUS Stock Futures
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