A Peek Into The Market At The Start Of The Trading Day

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Pre-open movers
US stock index futures rose sharply today as strong results by several companies boosted market sentiments. While futures on the Dow Jones Industrial Average climbed 53 points to 10510, those on the S&P 500 added 6 points to 1115.50. Meanwhile, Nasdaq 100 futures moved up 9.25 points to 1896.70.
A Peek Into Global Markets
Positive sentiments ruled in most European markets, with STOXX Europe 600 Index advancing 0.92% and London’s FTSE 100 Index moved up 0.94%. Asian markets ended mixed today, with Japan's Nikkei Stock Average losing 0.07% and China's Shanghai Composite falling 0.52%. However, Australia's S&P/ASX 200 moved up 0.21%.
Broker Recommendation
Analysts at Deutsche Bank maintained their Buy rating on Thermo Fisher
TMO
after its earnings reports was in-line with Street estimates. In their report to investors, analysts stated that "TMO saw somewhat muted results in 2Q, although overall top-line growth was still in-line with long-term guidance." To read the full report,
click here. Breaking news
  • U.S. single-family home prices rose more than expected in May according to the Standard & Poor's/Case-Shiller home price index. To read the full news, click here.
  • Sanofi-aventis SNY and Merck MRK announced today that Raul E. Kohan will be appointed Chief Executive Officer of their proposed Animal Health joint venture. Sanofi-aventis and Merck - known as MSD outside the United States and Canada - intend to combine Merial with Intervet/Schering-Plough, to create a new global leader in Animal Health to be called Merial-Intervet. To read the full news, click here.
  • Western Union Company WU released financial results on Tuesday morning that beat Wall Street earnings estimates but missed revenue estimates. To read the full news, click here.
  • Apple AAPL announced two new Mac Pros today. The $2,499 version includes: one 2.8 GHz Quad-Core Intel Xeon W3530 processor with 8MB of fully-shared L3 cache. To read the full news, click here.
Read more
from Benzinga's Markets.
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