US Stock Futures Jump Ahead Of Economic Data - Dollar Gen (NYSE:DG)

Pre-open movers

US stock futures traded higher in early pre-market trade. Data on GDP growth for the second quarter and weekly jobless claims will be released at 8:30 a.m. ET. The pending home sales index for July will be released at 10:00 a.m. ET, while the Kansas City Fed manufacturing index for August will be released at 11:00 a.m. ET. Futures for the Dow Jones Industrial Average jumped 203 points to 16,452.0, while the Standard & Poor's 500 index futures rose 22.15 points to 1,960.15. Futures for the Nasdaq 100 index surged 60.10 points to 4,274.60.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 2.68 percent, STOXX Europe 600 Index surging 2.82 percent and German DAX 30 index gaining 2.92 percent. French CAC 40 Index jumped 2.92 percent and London's FTSE 100 Index rose 2.25 percent. In Asian markets, Japan's Nikkei Stock Average rose 1.08 percent, Hong Kong's Hang Seng Index rose 3.60 percent, China's Shanghai Composite Index jumped 5.34 percent and India's BSE Sensex surged 2.01 percent.

Broker Recommendation

Analysts at Goldman Sachs upgraded

C R Bard IncBCR

from Neutral to Buy and raised the price target from $193.00 to $220.00. CR Bard shares gained 2.86 percent to close at $189.41 yesterday.

Breaking news

Dollar General Corp. DG reported better-than-expected earnings for the second quarter, but the company's sales missed analysts' estimates. To read the full news, click here.
Shares of Tiffany & Co. TIF dropped more than 6 percent in pre-market trading after the company reported weaker-than-expected results for the second quarter and issued a weak forecast. To read the full news, click here.
PVH Corp PVH reported upbeat earnings for the second quarter and lifted its full-year earnings forecast. To read the full news, click here.
Sigma-Aldrich Corporation SIAL today announced it has signed an agreement with Public Health England to manufacture and supply bacterial and fungal NCTC/NCPF Certified Reference Materials in LENTICULE® disc format worldwide for use as controls in food, water, environmental and clinical testing microbiology laboratories. To read the full news, click here.

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