Pre-open movers
U.S. stock futures traded slightly higher in early pre-market trade. Netflix, Inc. NFLX will release earnings after the closing bell. The Empire State manufacturing index for October is schedule for release at 8:30 a.m. ET. Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Minneapolis at 9:00 p.m. ET.
Futures for the Dow Jones Industrial Average climbed 16 points to 22,846.00, while the Standard & Poor’s 500 index futures rose 1 point to 2,553.75. Futures for the Nasdaq 100 index gained 7.50 points to 6,107.25.
Oil prices traded higher as Brent crude futures rose 1.56 percent to trade at $58.06 per barrel, while US WTI crude futures gained 1.34 percent to trade at $52.14 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index falling 0.73 percent, STOXX Europe 600 Index climbing 0.05 percent and German DAX 30 index gaining 0.16 percent. The UK's FTSE index was trading higher by 0.06 percent, while French CAC 40 Index rose 0.11 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.96 percent, Hong Kong’s Hang Seng Index rose 0.06 percent, China’s Shanghai Composite Index gained 0.13 percent and India’s BSE Sensex climbed 0.62 percent.
Broker Recommendation
Analysts at Keybanc upgraded Apple Inc. AAPL from Sector Weight to Overweight.
Apple shares rose 0.90 percent to $158.40 in pre-market trading.
Breaking news
- ArQule, Inc. ARQL reported a $15.7 million private placement of common stock.
- Exelixis, Inc. EXEL disclosed that its Phase 3 CELESTIAL trial met its primary endpoint.
- Aratana Therapeutics Inc PETX announced plans to launch ENTYCE in the United States.
- Aramark ARMK announced plans to acquire Avendra and AmeriPride Services Inc. for a total of $2.35 billion.
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