Pre-open movers
US stock futures are mostly flat this morning, after a strong rise in the previous session. Futures for the Dow Jones Industrial Average gained 14 points to 12,884.00 and S&P 500 index futures rose 0.30 points to 1,355.10. Nasdaq 100 futures declined 1.25 points to 2,592.25.
A Peek Into Global Markets
European markets were higher today. The STOXX Europe 600 Index gained 0.54%, London's FTSE 100 Index moved up 0.31%, French CAC 40 index rose 0.99% and German DAX 30 index gained 0.93%.
Asian markets ended higher, with Japan's Nikkei Stock Average surging 1.58%, China's Shanghai Composite rising 0.01% and Australia's S&P/ASX 200 moving up 0.38%. Hong Kong's Hang Seng index gained 1.01% and India's Sensex surged 0.75%.
Broker Recommendation
Analysts at Robert W. Baird downgraded Dell Inc DELL from “outperform” to “neutral.” The target price for Dell has been raised from $18 to $20.
Dell shares gained 1.83% to close at $18.32 yesterday.
Breaking news
Market News and Data brought to you by Benzinga APIs- Encana Corporation ECA achieved its core 2011 financial and operating targets, generating cash flow of US$4.2 billion, or $5.66 per share, and total production of 3.5 billion cubic feet equivalent per day (Bcfe/d), a 5 percent increase from 2010. To read the full news, click here.
- Energy Transfer Equity LP ETE and Southern Union Company SUG today announced that they have filed with the Missouri Public Service Commission a Stipulation and Agreement among Southern Union, ETE and the Commission Staff. To read the full news, click here.
- Fuel Systems Solutions, Inc.'s FSYS has purchased from the Wayne business of Dresser Italia S.r.l., the assets of its CUBOGAS compressor division, specializing in natural gas compressors and packaging solutions in an all-cash asset acquisition that closed on February 10, 2012. To read the full news, click here.
- Amerigroup Corp AGP posted a better-than-expected fourth-quarter profit. To read the full news, click here.
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