US stock futures surged in early pre-market trade, ahead of economic data. Data on consumer spending and the Chicago Fed National Activity Index for November will be released at 8:30 a.m. ET. The Reuter's/University of Michigan's consumer sentiment index for December will be released at 9:55 a.m. ET. Futures for the Dow Jones Industrial Average surged 53 points to 16,234.00, while the Standard & Poor's 500 index futures gained 7.90 points to 1,822.40. Futures for the Nasdaq 100 index rose 26 points to 3,558.25.A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index dropping 0.09%, London's FTSE 100 index gaining 0.50% and STOXX Europe 600 Index surging 0.33%. German DAX 30 index climbed 0.54% and French CAC 40 Index declined 0.10%. Italian consumer confidence index dropped to 96.2 in December, versus 98.2 in November. Asian markets ended higher today. China's Shanghai Composite gained 0.24%, Hong Kong's Hang Seng Index rose 0.48% and India's BSE Sensex jumped 0.1%.Broker Recommendation
Analysts at Bank of America downgraded Micron TechnologyMU
from “neutral” to “underperform.” The target price for Micron Technology has been lowered from $20.50 to $19.50. Micron's shares closed at $22.17 on Friday.Breaking news
- Engility Holdings EGL and Dynamics Research DRCO, today announced that they have entered into a definitive agreement under which Engility will acquire DRC. To read the full news, click here.
- Canadian Solar CSIQ and PSEG PEG today announced that Canadian Solar's subsidiary, CSI Holdco LLC sold two utility-scale solar power plants totaling 4.4 MW DC (3 MW AC) to PSEG subsidiary, PSEG Solar Source. To read the full news, click here.
- Clovis Oncology CLVS announced today that an abstract discussing the findings of the ongoing Phase I portion of the Phase I/II clinical study of CO-1686 has been accepted for Proffered Paper (Oral) presentation during the 4th European Lung Cancer Conference (ELCC). To read the full news, click here.
- CombiMatrix CBMX today announced that it has entered into a contractual agreement for coverage of its diagnostic laboratory services with FedMed, a national provider network and healthcare financial services organization. To read the full news, click here.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.