US Stock Futures Rise Ahead Of Procter & Gamble Earnings

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Pre-open movers
US stock futures traded higher in early pre-market trade, ahead of earnings from
Procter & Gamble Co PG
. The manufacturing PMI (flash) for October will be released at 9:45 a.m. ET. Futures for the Dow Jones Industrial Average jumped 75 points to 17,483.0, while the Standard & Poor's 500 index futures rose 8.50 points to 2,061.50. Futures for the Nasdaq 100 index climbed 36.12 points to 4,588.88.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 1.53 percent, STOXX Europe 600 Index gaining 1.50 percent and German DAX 30 index climbing 2.15 percent. French CAC 40 Index jumped 2 percent and London's FTSE 100 Index rose 1.17 percent. In Asian markets, Japan's Nikkei Stock Average rose 2.11 percent, Hong Kong's Hang Seng Index gained 1.34 percent, China's Shanghai Composite Index jumped 1.30 percent and India's BSE Sensex climbed 0.67 percent.
Broker Recommendation
Analysts at Piper Jaffray downgraded
Pandora Media IncP
from Overweight to Neutral. Pandora Media shares closed at $19.19 on Thursday.
Breaking news
  • Talen Energy Corporation TLN announced that it reached an agreement late Thursday (10/22) to sell the 399-megawatt C.P. Crane coal-fired power plant in Baltimore to an affiliate of Avenue Capital Group. To read the full news, click here.
  • Alphabet Inc GOOGL reported better-than-expected earnings for the third quarter on Thursday. To read the full news, click here.
  • Spectrum Pharmaceuticals SPPI announced today that it has received a Complete Response Letter from the U.S. Food and Drug Administration (FDA). To read the full news, click here.
  • Microsoft Corporation MSFT reported stronger-than-expected earnings for its fiscal first quarter. To read the full news, click here.
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Posted In: EarningsNewsEurozoneFuturesGlobalPre-Market OutlookMarketsPiper JaffrayUS Stock Futures
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