A Peek Into The Markets: U.S. Stock Futures Mostly Higher; Verizon To Buy Yahoo's Operating Business

Pre-open movers

U.S. stock futures traded mostly higher in early pre-market trade. The Dallas Fed manufacturing business index for July is schedule for release at 10:30 a.m. ET.

Futures for the Dow Jones Industrial Average climbed 43 points to 18,479.00, while the Standard & Poor’s 500 index futures rose 1 point to 2,168.25. Futures for the Nasdaq 100 index declined 0.50 points to 4,656.50.

Oil prices traded lower as Brent crude futures fell 0.79 percent to trade at $45.33 per barrel, while US WTI crude futures also dropped 0.86 percent to trade at $43.82 a barrel.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.27 percent, STOXX Europe 600 Index climbing 0.57 percent and German DAX 30 index gaining 1.02 percent. The UK's FTSE index was trading higher by 0.06 percent, while French CAC 40 Index climbed 0.68 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.04 percent, Hong Kong’s Hang Seng Index rose 0.13 percent, China’s Shanghai Composite Index gained 0.10 percent and India’s BSE Sensex rose 1.05 percent.

Broker Recommendation

Analysts at Macquarie upgraded Whole Foods Market, Inc. WFM from Neutral to Outperform.

Whole Foods shares rose 1.72 percent to $34.30 in pre-market trading.

Breaking news

• After months of investor activism, speculation and rumors, Verizon Communications Inc. VZ confirmed Friday's reports that it will acquire some of Yahoo! Inc. YHOO's assets. To read the full news, click here.



• Sprint Corp S released its Q1 results on Monday morning. Earnings came in above Wall Street consensus expectations, sending shares higher. Sprint reported EBITDA of $2.5 billion and revenues of $8 billion. Analysts had an EPS estimate of $(0.09) and $8.166 billion in revenues. To read the full news, click here.



• Danaher Corporation DHR announced a 5.61 percent drop in its profit for the second quarter hurt by higher expenses and taxes despite revenue recording 16.5 percent growth. However, adjusted earnings grew 17 percent and came in above the Street analysts' expectations. To read the full news, click here.



• Shares of Tokyo-listed Nintendo Co., Ltd NTDOY plunged more than 17 percent during Monday's trading session after the company released a statement regarding the financial impact the widely-popular Pokémon Go mobile game will have on its consolidated financial forecast. To read the full news, click here.