Market Overview

A Peek Into The Market Before The Trading Starts


Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 71 points to 11,810.00 and S&P 500 index futures rose 8.70 points to 1,223.50. Nasdaq 100 futures gained 11 points to 2,279.25.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index declined 0.29%, London's FTSE 100 Index moved down 0.41%, French CAC 40 index fell 0.09% and German DAX 30 index gained 0.02%.

Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.2350%, Australia's S&P/ASX 200 moving down 1.79% and China's Shanghai Composite declining 1.89%. Hong Kong's Hang Seng Index fell 1.7337% and India's Sensex dropped 0.55%.

Broker Recommendation Analysts at Credit Suisse upgraded Smithfield Foods Inc (NYSE: SFD) from “neutral” to “outperform.” The target price for Smithfield Foods has been raised from $23 to $29.

Smithfield Foods shares dropped 2.46% to close at $22.62 yesterday.

Breaking news

  • Hibbett Sports Inc (NASDAQ: HIBB) reported upbeat third-quarter profit and lifted its full-year profit projections. To read the full news, click here.
  • China Infrastructure Investment Corporation (NASDAQ: CIIC) reported today that the Nasdaq Stock Market has sent a letter to the Company, which states that the Nasdaq Hearings Panel has denied the Company's request for continued listing on Nasdaq, and will suspend trading of the Company's shares of common stock effective at the open of business on Friday, November 18, 2011. To read the full news, click here.
  • PSS World Medical Inc (NASDAQ: PSSI) today announced that it has amended and restated its revolving line of credit bank facility. To read the full news, click here.
  • H.J. Heinz Co (NYSE: HNZ) reported a decline in its fiscal second-quarter profit. To read the full news, click here.

Related Articles (CIIC + HIBB)

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Posted-In: Credit Suisse US Stock FuturesNews Futures Global Pre-Market Outlook Markets