A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are flat this morning. Futures on the Dow Jones Industrial Average gained 1 point to 12,218.00 and futures on the S&P 500 stock index rose 1.40 points to 1,258.80. Nasdaq 100 futures gained 1.50 points to 2,278.75.
A Peek Into Global Markets European markets were mostly higher today. The STOXX Europe 600 Index has gained 0.28%, London's FTSE 100 index fell 0.35%, German DAX 30 index gained 0.25% and France CAC 40 index surged 0.22%.
Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.6045% and China's Shanghai Composite gaining 1.19%. Hong Kong's Hang Seng index rose 0.1982% and India's Sensex dropped 0.57%.
Broker Recommendation Analysts at JP Morgan raised the price target on CarMax (NYSE: KMX) from $29 to $30. JP Morgan maintained its “neutral” rating on CarMax. CarMax's stock closed at $30.82 yesterday.
- Morton's Restaurant Group, Inc. (NYSE: MRT) and Tilman J. Fertitta today announced that his wholly-owned company, Fertitta Morton's Restaurants, Inc. and its wholly-owned subsidiary, Fertitta Morton's Acquisition, Inc., have commenced a tender offer to acquire all of the issued and outstanding shares of common stock of Morton's at a price of $6.90 per share, net to seller in cash without interest. To read the full news, click here.
- Cleantech Solutions International (NASDAQ: CLNT) today announced that its common stock is trading on The Nasdaq Capital Market, effective December 29, 2011. To read the full news, click here.
- Main Street Capital Corporation (NYSE: MAIN) announced today the expansion of total commitments under its three-year credit facility from $210 million to $235 million. To read the full news, click here.
- Tegal Corporation (NASDAQ: TGAL) today announced that it has awarded patents to multiple bidders for three of the four bid lots of Tegal's NLD Patent Portfolio recently offered for sale for an aggregate consideration of approximately $4M. To read the full news, click here.
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