Market Overview

A Peek Into The Market Before The Trading Starts

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A Peek Into The Market Before The Trading Starts

Pre-open movers
US stock futures moved up today. Futures on the Dow Jones Industrial Average gained 18 points to 11,380.00, while S&P 500 futures rose 1.50 points to 1,221.50. Nasdaq 100 futures moved up 6.75 points to 2,190.75.

A Peek Into Global Markets

Positive sentiments ruled the European markets today. While STOXX Europe 600 Index has advanced 0.75%, London's FTSE 100 Index moved up 0.79%.

Asian markets ended in the negative territory, with Japan's Nikkei Stock Average losing 0.40%, Australia's S&P/ASX 200 moving down 0.71% and China's Shanghai Composite losing 0.78%.

Broker Recommendation
Citi Investment Research raised its price target on Liberty Interactive (NASDAQ: LINTA) to $18.75 from $15.25, and it has a Buy rating.

In a research report sent to clients, Citi writes, "Based upon our updated estimates and proposed re-attribution of the Time Warner exchangeables, we're increasing our target from $15.25 to $18.75 and reiterate our Buy rating."

Shares of LINTA gained 11 cents yesterday to close at $15.39, a gain of 0.7%.

Breaking news

  • GMX Resources, Inc. (NYSE: GMXR) announced on Tuesday morning that it missed consensus Wall Street estimates. To read the full news, click here.
  • China Automotive Systems, Inc. (Nasdaq: CAAS) announced on Tuesday morning that it beat consensus Wall Street estimates. To read the full news, click here.
  • Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) released financial results on Tuesday morning that missed Wall Street earnings estimates but beat revenue expectations. To read the full news, click here.
  • Solarfun Power Holdings Co., Ltd. (Nasdaq: SOLF) on Tuesday morning released financial. Solarfun Power Holdings Co Ltd, reported 3rd quarter net income per basic ADS on a non-GAAP basis of 69 cents. To read the full news, click here.

Read more from Benzinga's Markets.

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