A Peek Into The Market Before The Trading Starts - Apollo Global Management (NYSE:APO), Amarin Corp (NASDAQ:AMRN)

Pre-open movers

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 93 points to 14,794.00 and S&P 500 index futures rose 12.40 points to 1,596.30. Nasdaq 100 futures gained 17.50 points to 2,897.50.

A Peek Into Global Markets

European markets were higher today. The STOXX Europe 600 Index surged 0.67%, London's FTSE 100 index gained 0.95%, French CAC 40 Index climbed 0.69% and German DAX 30 index rose 0.44%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 1.66%, China's Shanghai Composite dropping 0.52% and Australia's ASX/S&P500 falling 0.42%. Hong Kong's Hang Seng Index declined 0.59% and India's Sensex gained 0.34%.

Broker Recommendation

Analysts at JP Morgan downgraded Idenix Pharmaceuticals

IDIX

from “overweight” to “neutral.” The target price for Idenix Pharmaceuticals has been lowered from $13 to $5. Questcor's shares closed at $45.79 yesterday.

Breaking news

WNS WNS today announced that it has extended its service contract with British Airways (BA). To read the full news, click here.
Amarin AMRN announced today the results from a Phase 1 clinical trial that compared bioavailability of components from a fixed-dose combination of its flagship product, Vascepa® (icosapent ethyl), plus rosuvastatin, to concomitant administration of the two agents independently, and to rosuvastatin alone. To read the full news, click here.
Rexnord RXN announced today the pricing of the previously announced public offering of its common stock held by certain funds affiliated with Apollo Global Management LLC APO. To read the full news, click here.
National Technical Systems NTSC announced today that its Plano, TX facility is building a new internationally-focused product safety lab capability and has hired its first Director of Telecommunications. To read the full news, click here.

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