A Peek Into The Market Before The Trading Starts - Acacia Research (NASDAQ:ACTG)

Pre-open movers

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 78 points to 12,581.00 and S&P 500 index futures rose 8.20 points to 1,330.20. Nasdaq 100 futures gained 17 points to 2,574.00.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index gained 1.12%, London's FTSE 100 Index moved up 0.74%, French CAC 40 index rose 1.33% and German DAX 30 index gained 1.56%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 1.96% and China's Shanghai Composite rising 1.07%. Hong Kong's Hang Seng Index rose 2.44% and India's Sensex dropped 0.30%.

Broker Recommendation

Analysts at Bernstein upgraded Time Warner Inc

TWX

from “underperform” to “outperform.” The target price for Time Warner has been raised from $36 to $37. Time Warner shares gained 1.19% to $35.65 in pre-market trading.

Breaking news

The Board of Directors of LHC Group Inc LHCG has reaffirmed the Company's commitment to maximizing shareholder value as an independent public corporation, concluding the Company's previously announced review of strategic alternatives. To read the full news, click here.
The Fresh Market Inc TFM today announced the launch of a public offering of 10,033,141 shares of its common stock. To read the full news, click here.
Healthways HWAY today announced that the Company has successfully completed the refinancing of its Senior Credit Facilities as of June 8, 2012. To read the full news, click here.
Acacia Research Corporation ACTG announced today that a subsidiary has acquired 7 medtech patent portfolios comprised of over 150 patents and pending applications relating to medical devices, biologics and diagnostic techniques. To read the full news, click here.

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