Market Overview

A Peek Into The Market Before The Trading Starts

A Peek Into The Market Before The Trading Starts
Related ILMN
Illumina Now A Buy Following Q2 Beat, Improved Sales Outlook
7 Biggest Price Target Changes For Monday
The Vetr community has upgraded $ILMN to 3.5-Stars. (Vetr)
Related RCON
15 Biggest Mid-Day Gainers For Monday
18 Biggest Mid-Day Gainers For Tuesday

Pre-open movers US stock futures are higher this morning, as investors are awaiting factory-orders data. Futures for the Dow Jones Industrial Average surged 41 points to 14,923.00 and S&P 500 index futures rose 5.40 points to 1,612.10. Nasdaq 100 futures gained 12.50 points to 2,929.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.58%, London's FTSE 100 index dropped 0.47%, French CAC 40 Index declined 0.53% and German DAX 30 index fell 0.95%.

Asian markets ended mixed, with Japan's Nikkei Stock Average jumping 1.78%, China's Shanghai Composite surging 0.57% and Australia's ASX/S&P500 rising 2.57%. Hong Kong's Heng Seng Index fell 0.70% and India's Sensex declined 0.58%.

Broker Recommendation Analysts at Piper Jaffray downgraded Illumina (NASDAQ: ILMN) from “overweight” to “neutral.” The target price for Illumina has been lowered from $72 to $70.

Illumina's shares closed at $76.21 yesterday.

Breaking news

  • Recon Technology (NASDAQ: RCON) announced the purchase of 2,800,000 shares of Avalon Oil and Gas (OTC: AOGN). After this investment, Recon owns 32.22% of Avalon's outstanding shares. To read the full news, click here.
  • LDK Solar (NYSE: LDK) announced the sale of 25,000,000 newly issued ordinary shares of LDK Solar to Fulai Investments Limited, at a purchase price of $1.03 per share with an aggregate purchase price of $25,750,000, pursuant to the share purchase agreement dated April 25, 2013. To read the full news, click here.
  • American Realty Capital Properties (NASDAQ: ARCP) and American Realty Capital Trust IV announced today that they have signed a definitive merger agreement whereby ARCP will acquire all of the outstanding shares of ARCT IV for stock and cash in a transaction valued at approximately $3.1 billion. To read the full news, click here.
  • The Western Union Company (NYSE: WU) expanded its offering of sending international money transfers from the U.S. and U.K. directly into bank accounts in India. To read the full news, click here.

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


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