US Stock Futures Slightly Higher; Dollar Surges Against Yen - D.R. Horton (NYSE:DHI)

Pre-open movers

US stock futures traded slightly higher in early pre-market trade. DR Horton

DHI

is projected to report its Q4 earnings at $0.48 per share on revenue of $2.38 billion. Futures for the Dow Jones Industrial Average surged 16 points to 17,569.00, while the Standard & Poor's 500 index futures rose 1.80 points to 2,035.90. Futures for the Nasdaq 100 index climbed 5 points to 4,175.25. The US dollar surged 0.91% against the Japanese yen to trade at ¥115.91.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index gaining 1.05%, STOXX Europe 600 Index rising 0.38%. German DAX 30 index climbed 0.28%, French CAC 40 Index jumped 0.42% and London's FTSE 100 Index gained 0.11%. In Asian markets, Japan's Nikkei Stock Average jumped 2.05%, Hong Kong's Hang Seng Index rose 0.27%, China's Shanghai Composite Index fell 0.16% and India's Sensex rose 0.13%. Japan posted a wider current account surplus of Y963.0 billion ($8.1 billion).

Broker Recommendation

Analysts at Piper Jaffray upgraded ICU Medical

ICUI

from Neutral to Overweight and raised the price target from $60.00 to $86.00. ICU Medical's shares rose 0.91% to close at $71.81 yesterday.

Breaking news

AVEO Oncology AVEO today announced that it has entered into a research and exclusive option agreement with Ophthotech Corporation, under which it has provided Ophthotech an exclusive license to investigate the potential of AVEO's small molecule vascular endothelial growth factor (VEGF) tyrosine kinase inhibitor, tivozanib, outside of Asia for the potential treatment of non-oncologic diseases of the eye. To read the full news, click here.
Mondelez International MDLZ today announced that it will acquire an 80 percent stake in Kinh Do Corporation's category-leading snacks business in Vietnam, subject to the approval of Kinh Do Corporation's shareholders. To read the full news, click here.
Elbit Systems of America company, a wholly owned subsidiary of Elbit Systems ESLT, was awarded a five-year, firm-fixed price contract valued at approximately $29 million by the United States Air Force (USAF) for logistics support of USAF's F-16 head-up display (HUD) electric module assemblies. To read the full news, click here.
JAKKS Pacific JAKK and Chinese entertainment and cultural production industry group, Meisheng Culture & Creative Corp entered into a joint venture for the purpose of providing certain JAKKS licensed and non-licensed toys and consumer products to agreed upon territories of the People's Republic of China. To read the full news, click here.

Market News and Data brought to you by Benzinga APIs