Market Overview

A Peek Into The Market Before The Trading Starts


Pre-open movers US stock futures are mostly flat this morning, as investors are awaiting jobs data. Futures for the Dow Jones Industrial Average gained 1 point to 12,845.00 and S&P 500 index futures fell 0.80 points to 1,359.80. Nasdaq 100 futures dropped 1.25 points to 2,631.75.

A Peek Into Global Markets European markets were mostly higher today. The STOXX Europe 600 Index gained 0.14%, London's FTSE 100 Index moved down 0.09%, French CAC 40 index rose 0.06% and German DAX 30 index gained 0.37%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 1.65%, China's Shanghai Composite gaining 0.79% and Australia's S&P/ASX 200 moving up 0.90%. Hong Kong's Hang Seng index rose 0.89% and India's Sensex gained 2.09%.

Broker Recommendation Analysts at Jefferies & Company upgraded Cavium Inc (NASDAQ: CAVM) from “hold” to “buy.” The target price for Cavium has been raised from $32 to $44.

Cavium shares closed at $32.70 yesterday.

Breaking news

  • Getty Realty Corp (NYSE: GTY) today announced it entered into a Stipulation relating to the Chapter 11 bankruptcy proceeding initiated by Getty Petroleum Marketing. To read the full news, click here.
  • TORM A/S (NASDAQ: TRMD) has entered into an agreement to sell the MR product tanker TORM Lana. The parties have agreed not to disclose the sales price. To read the full news, click here.
  • Green Mountain Coffee Roasters (NASDAQ: GMCR) today released the following statement regarding Starbucks' announcement of their new initiative in the espresso-based single-cup category. To read the full news, click here.
  • Hibbett Sports Inc (NASDAQ: HIBB) reported a better-than-expected fourth-quarter profit. To read the full news, click here.

Posted-In: Jefferies & Company US Stock FuturesNews Futures Global Pre-Market Outlook Markets


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