US Stock Futures Surge Ahead Of Economic Data

US stock futures traded higher in early pre-market trade. Data on motor vehicle sales for April will be released today, while the Markit PMI manufacturing index for April will be released at 9:45 a.m. ET. The University of Michigan's consumer sentiment index for April, the ISM manufacturing composite index for April and Construction spending data for March will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average climbed 91 points to 17,850.00, while the Standard & Poor's 500 index futures rose 8.65 points to 2,087.65. Futures for the Nasdaq 100 index surged 14.15 points to 4,422.40.

European markets were mixed today, with the STOXX Europe 600 Index falling 0.29 percent and London's FTSE 100 Index rising 0.09 percent. In Asian markets, Japan's Nikkei Stock Average rose 0.06 percent.

Analysts at RBC Capital upgraded

from Sector Perform to Outperform and raised the price target from $51.00 to $55.00. Mosaic shares fell 1.70 percent to $43.25 in pre-market trading.