Market Overview

A Peek Into The Market Before The Trading Starts

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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 (NYSE: 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 (NASDAQ: 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 (NASDAQ: 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 (NASDAQ: 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 (NASDAQ: 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.

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

 

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