A Peek Into The Market Before The Trading Starts

Pre-open movers

US stock futures are higher this morning, as investors are awaiting earnings nonfarm payrolls data. Futures for the Dow Jones Industrial Average surged 56 points to 13,853.00 and S&P 500 index futures rose 4.10 points to 1,497.40. Nasdaq 100 futures jumped 8.50 points to 2,733.50.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index rose 0.27%, London's FTSE 100 Index gained 0.42%, German DAX 30 Index rose 0.27% and French CAC 40 Index surged 0.92%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.47%, China's Shanghai Composite surging 1.41% and Australia's S&P/ASX 200 Index rising 0.83%. Hong Kong's Hang Seng Index declined 0.03% and India's Sensex dropped 0.57%.

Broker Recommendation

Analysts at Janney Capital upgraded Wynn Resorts

WYNN

from “neutral” to “buy.” The target price for Wynn Resorts has been raised from $120 to $175. Wynn shares gained 1.42% to $127.00 in pre-market trading.

Breaking news

Mattel MAT reported a drop in its fourth-quarter profit. To read the full news, click here.
AngioDynamics ANGO today said it has completed the previously announced acquisition of certain assets of Microsulis Medical Ltd. To read the full news, click here.
PPG Industries PPG today announced the final proration factor of 14.986286 percent for its exchange offer of PPG common stock in connection with the separation of PPG's commodity chemicals business and merger of Eagle Spinco Inc., the entity holding PPG's former commodity chemicals business, with a subsidiary of Georgia Gulf Corporation. To read the full news, click here.
Research In Motion RIMM confirms that, effective the start of trading on Monday, February 4, 2013, the Company's new ticker symbols will take effect. To read the full news, click here.