Market Overview

US Stock Futures Up Ahead Of Industrial Production Data

US Stock Futures Up Ahead Of Industrial Production Data
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Pre-open movers

US stock futures surged in early pre-market trade, ahead of industrial production data. The Empire State manufacturing index for September will be released at 8:30 a.m. ET., while industrial production data for August will be released at 9:15 a.m. ET. Futures for the Dow Jones Industrial Average jumped 166 points to 15,477.00, while the Standard & Poor's 500 index futures rose 18.50 points to 1,700.50. Futures for the Nasdaq 100 index gained 33 points to 3,204.50.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.67%, London's FTSE 100 index gaining 0.76% and STOXX Europe 600 Index surging 0.73%. German DAX 30 index surged 1.18% and French CAC 40 Index rose 0.84%.

Asian markets ended mostly higher today. China's Shanghai Composite fell 0.22%, Australia's ASX/S&P500 gained 0.52%, Hong Kong's Hang Seng Index jumped 1.47% and India's Sensex rose 0.05%.

Broker Recommendation

Analysts at Susquehanna downgraded Under Armour (NYSE: UA) from “positive” to “neutral.” The target price for Under Armour is set to $77.

Under Armour's shares closed at $78.50 on Friday.

Breaking news

  • Wi-LAN (NASDAQ: WILN) today announced that WiLAN has entered into a patent license agreement and settled all pending patent litigations with Alcatel-Lucent USA Inc. (NYSE: ALU). To read the full news, click here.
  • Sears Holdings (NASDAQ: SHLD) today announced that it has provided notice to the administrative agent under the Company's existing Second Amended and Restated Credit Agreement, dated as of April 8, 2011, that the Company intends to obtain a senior secured term loan facility of up to $1.0 billion. To read the full news, click here.
  • Netflix (NASDAQ: NFLX) makes history, garnering two Primetime Creative Arts Emmy® Awards' for its lauded series "House of Cards," including Outstanding Casting for a Drama Series and Outstanding Cinematography for a Single Camera Series. To read the full news, click here.
  • TD Bank Group (NYSE: TD), Aimia, and Canadian Imperial Bank of Commerce (NYSE: CM) today confirmed that they have signed agreements under which TD will become the primary issuer of Aeroplan Visa credit cards on January 1, 2014 , and will acquire approximately 50% of the existing Aeroplan credit card portfolio from CIBC. To read the full news, click here.

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


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