US Stock Futures Up Ahead Of Durable-Goods Orders Data

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Pre-open movers
US stock futures traded higher in early pre-market trade. Data on durable goods orders for March will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average climbed 15 points to 17,996.00, while the Standard & Poor's 500 index futures rose 2.45 points to 2,109.45. Futures for the Nasdaq 100 index jumped 28.90 points to 4,510.40.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index gaining 0.82 percent, STOXX Europe 600 Index surging 0.35 percent and German DAX 30 index rising 0.48 percent. French CAC 40 Index gained 0.31 percent and London's FTSE 100 Index fell 0.30 percent. In Asian markets, Japan's Nikkei Stock Average fell 0.83 percent, China's Shanghai Composite Index slipped 0.47 percent, Hong Kong's Hang Seng Index rose 0.84 percent and India's BSE Sensex fell 1.07 percent.
Broker Recommendation
Analysts at JP Morgan upgraded Amazon.com, Inc.
AMZN
from Neutral to Overweight and raised the price target from $375.00 to $535.00.. Amazon.com shares jumped 9.75 percent to $428.00 in pre-market trading.
Breaking news
  • Google Inc GOOG GOOGL's Chairman Eric E. Schmidt acquired a 20 percent stake in hedge fund manager D.E. Shaw Group for an undisclosed price. To read the full news, click here.
  • Shares of Xerox Corp XRX tumbled over 4 percent in pre-market trading after the company reported in-line earnings for the first quarter, but lowered its earnings forecast for the full year. To read the full news, click here.
  • Microsoft Corporation MSFT reported stronger-than-expected results for the third quarter. To read the full news, click here.
  • Shares of Starbucks Corporation SBUX jumped over 4 percent in pre-market trading after the company reported results for the second quarter. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsJP MorganUS Stock Futures
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