US Stock Futures Rise Ahead Of Jobless Claims, Wholesale Inventories Data

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Pre-open movers
US stock futures traded higher in early pre-market trade. Data on weekly jobless claims and import price index for August will be released at 8:30 a.m. ET. Data on wholesale trade for July will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average jumped 39 points to 16,309.0, while the Standard & Poor's 500 index futures rose 5.70 points to 1,948.45. Futures for the Nasdaq 100 index surged 13.30 points to 4,268.30.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 1.02 percent, STOXX Europe 600 Index declining 0.63 percent and German DAX 30 index dropping 0.29 percent. French CAC 40 Index slipped 0.50 percent and London's FTSE 100 Index fell 0.64 percent. In Asian markets, Japan's Nikkei Stock Average declined 2.51 percent, Hong Kong's Hang Seng Index slipped 2.57 percent, China's Composite Index Index dropped 1.39 percent and India's BSE Sensex declined 0.38 percent.
Broker Recommendation
Analysts at Cantor Fitzgerald downgraded
eBay IncEBAY
from Buy to Hold and announced a price target of $27.00. eBay shares fell 0.92 percent to $25.96 in pre-market trading.
Breaking news
  • Lululemon Athletica inc. LULU reported better-than-expected results for its second quarter and lifted its full-year outlook. To read the full news, click here.
  • Zayo Group Holdings Inc ZAYO today announced that it is teaming up with Salesforce to enable customers to connect directly to their Salesforce environments via Zayo's high-bandwidth, fiber-based connections. To read the full news, click here.
  • Five Prime Therapeutics Inc FPRX announced that initial data from GlaxoSmithKline's GSK ongoing Phase 1b clinical trial of FP-1039/GSK3052230, an FGF ligand trap, in patients with squamous non small cell lung cancer (sqNSCLC) and mesothelioma were featured today in an oral presentation by Dr. Pilar Garrido at the World Conference on Lung Cancer 2015 in Denver. To read the full news, click here.
  • Krispy Kreme Doughnuts KKD reported weaker-than-expected results for the second quarter on Wednesday. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsApparel, Accessories & Luxury GoodsCantor FitzgeraldConsumer DiscretionaryUS Stock Futures
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