Market Overview

US Stock Futures Gain on Greenback Weakness; Sentiments Related to Earnings Season

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AmericanWest Bank Announces Completion of Acquisition of PremierWest Bank

US stock futures opened higher this morning, on US dollar weakness and positive investor sentiments related to the current earnings season. Futures for the Dow Jones Industrial Average gained 31 points to 14,643.00 and S&P 500 index futures rose 3.70 points to 1,566.50. Nasdaq 100 futures declined 9 points to 2,806.50.

The Mortgage Bankers' Association Purchase Applications Index will be released at 7 00 a.m. ET. The U.S. Treasury monthly budget report for March will be released at 2 00 p.m. ET.

J. C. Penney Company, Inc (NYSE: JCP) has announced that the company will be replacing ousted chief executive officer Ron Johnson with former CEO, Myron Ullman. J. C. Penney Company shares closed at $13.93 yesterday.

AmericanWest Bank announced completing the acquisition of Premierwest Bancorp (NASDAQ: PRWT) whose shares closed at $1.99 yesterday.

Wall Street expects Bed Bath & Beyond Inc (NASDAQ: BBBY) a leading chain of retail stores to report its Q4 earnings at $1.68 per share on a revenue of $3.39 billion. Bed Bath & Beyond Inc's shares closed at $64.50 yesterday.

ABB Ltd. (NYSE: ABB) announced that the company has won a supply order worth $150 million the world's highest capacity power link in China. AAB Ltd stock closed at $22.14 yesterday.

European markets have moved up today. The STOXX Europe 600 Index rose 0.75%. London's FTSE 100 Index gained 33.50%. French CAC 40 Index rose 31.50% and German DAX 30 index gained 31.50%.

Asian markets are also rising up, with Japan's Nikkei Stock Average rising 98% and Australia's S&P/ASX 200 went down 0.18%. Hong Kong's Hang Seng rose 38% and India's Sensex climbed up 0.90%.

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


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