A Peek Into The Markets: US Stock Futures Up; Dow Futures Rise 100 Points

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Prior Lake, Minnesota at 9:10 a.m. ET.

Futures for the Dow Jones Industrial Average gained 100 points to 24,556.00, while the Standard & Poor’s 500 index futures traded rose 9.35 points to 2,772.25. Futures for the Nasdaq 100 index gained 24.50 points to 7,258.

Oil prices traded higher as Brent crude futures rose 0.89 percent to trade at $77.80 per barrel, while US WTI crude futures rose 0.02 percent to trade at $73.81 a barrel.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.40 percent, STOXX Europe 600 Index climbing 0.48 percent and German DAX 30 index gaining 0.12 percent. The UK's FTSE index was trading higher by 0.35 percent, while French CAC 40 Index gained 0.42 percent.

In Asian markets, Japan’s Nikkei Stock Average rose 1.21 percent, Hong Kong’s Hang Seng Index climbed 1.32 percent, China’s Shanghai Composite Index climbed 2.47 percent and India’s BSE Sensex rose 0.78 percent.

Broker Recommendation

Analysts at Vertical Research downgraded Booz Allen Hamilton Holding Corporation BAH from Buy to Hold.

Booz Allen shares rose 1.35 percent to close at $45.68 on Friday.

Breaking News

  • Helen of Troy Limited HELE reported better-than-expected results for its first quarter and raised its FY19 earnings guidance.
  • DPW Holdings, Inc. DPW reported $5 million in development and manufacturing orders for its Coolisys Technologies.
  • MVC Capital, Inc. MVC agreed to sell European investment in Centile Holdings to VOIP Holdings for $7.5 million.
  • CTI BioPharma CTIC disclosed that its Phase 3 trial evaluating PIXUVRI did not meet its primary endpoint of improvement in progression-free survival.
Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsA Peek Into The MarketsUS Stock Futures
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...