US Stock Futures Flat Ahead Of Fed - Apple (NASDAQ:AAPL)

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Pre-open moversUS stock futures traded mostly flat in early pre-market trade, ahead of economic data. The FOMC will begin its two-day policy meeting today. The producer price index and retail sales for September will be released at 8:30 a.m. ET. The S&P/Case-Shiller home price index for August will be released at 9:00 a.m. ET. Data on business inventories and the Conference Board's consumer confidence index will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average gained 3 points to 15,521.00, while the Standard & Poor's 500 index futures dropped 0.10 points to 1,758.60. Futures for the Nasdaq 100 index fell 0.75 points to 3,382.50.

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A Peek Into Global Markets European markets were higher today, with the Spanish Ibex Index gaining 0.71%, London's FTSE 100 index rising 0.39% and STOXX Europe 600 Index climbing 0.24%. German DAX 30 index rose 0.16% and French CAC 40 Index climbed 0.30%.Asian markets ended mixed today. Japan's Nikkei Stock Average fell 0.49%, China's Shanghai Composite declined 0.23% and Hong Kong's Hang Seng Index surged 0.18%. Australia's ASX/S&P500 fell 0.49% and India's Sensex jumped 1.74%. Japan's retail sales climbed 3.1% y/y in September, versus economists' expectations for a 1.9% gain. The Reserve Bank of India raised its key lending rate to 7.75%.Broker Recommendation

Analysts at Baird upgraded Apple (NASDAQ: AAPL) from “neutral” to “outperform.” The target price for Apple has been raised from $525 to $620. Apple's shares gained 0.40% to $532.00 in pre-market trading. Breaking news

United Therapeutics (NASDAQ: UTHR) reported weaker-than-expected third-quarter earnings. United Therapeutics posted its quarterly net income at $62.7 million, or $1.17 per share, down from $78.1 million, or $1.46 per share, in the year-ago period. To read the full news, click here.
Merck (NYSE: MRK) today announced the presentation of interim data from a Phase 1B trial (PN001) evaluating MK-3475, an investigational anti-PD-1 immunotherapy, in patients with previously-treated non-small cell lung cancer (NSCLC). To read the full news, click here.
Aetna (NYSE: AET) reported a downbeat profit for the third quarter. Aetna's quarterly net income came in at $517 million, or $1.38 per share, versus a year-ago profit of $499 million, or $1.47 per share. To read the full news, click here.
AngioDynamics (NASDAQ: ANGO) today announced EU CE Mark approval for its AngioVac venous drainage cannula and cardiopulmonary bypass circuit for use during extracorporeal bypass for up to six hours. To read the full news, click here.