Market Overview

US Stock Futures Edge Higher Ahead of Home Sales Report

US Stock Futures Edge Higher Ahead of Home Sales Report
Related DIS
Needham Downgrades Apple...To Buy
The Market In 5 Minutes
Pioneer Investments Exits Wells Fargo, Coca-Cola, Buys Walt Disney (GuruFocus)
Related VTNC
Vitran to be Acquired by TransForce for $6.50/Share in Cash
Benzinga's Top #PreMarket Gainers

Pre-open movers

US stock futures gained in early pre-market trade. The NAR's pending home sales index for November will be released at 10:00 a.m. ET, while the Dallas Fed general business activity index for December will be released at 10:30 a.m. ET. Futures for the Dow Jones Industrial Average surged 15 points to 16,436.00, while the Standard & Poor's 500 index futures gained 1.30 points to 1,837.80. Futures for the Nasdaq 100 index rose 0.75 points to 3,571.00.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.16%, London's FTSE 100 index dropping 0.24% and STOXX Europe 600 Index dipping 0.13%. German DAX 30 index declined 0.14% and French CAC 40 Index dropped 0.02%. Italian manufacturing business confidence rose to 98.2 in December.

Asian markets ended mixed today. Japan's Nikkei Stock Average rose 0.69%, China's Shanghai Composite dropped 0.18%, Hong Kong's Hang Seng Index gained 0.01% and India's BSE Sensex fell 0.24%.

Broker Recommendation

Analysts at Guggenheim upgraded The Walt Disney Company (NYSE: DIS) from “neutral” to “buy.”

Disney's shares closed at $74.35 on Friday.

Breaking news

  • Vitran Corporation (NASDAQ: VTNC) announced today that it has entered into a definitive arrangement agreement with TransForce pursuant to which TransForce has agreed to acquire all of the outstanding common shares of Vitran not already owned by TransForce for US$6.50 in cash per share, in accordance with TransForce's prior proposal. To read the full news, click here.
  • ReneSola (NYSE: SOL) today announced it signed a Memorandum of Intent (MOI) to sell three utility-scale projects in Western China, with a total capacity of 60MW, to Jiangsu Akcome Solar Science & Technology Co on December 30, 2013. To read the full news, click here.
  • Cooper Tire & Rubber Company (NYSE: CTB) today announced it has terminated the merger agreement with Apollo Tyres (NSE:ApolloTYRE). To read the full news, click here.
  • RedHill Biopharma (NASDAQ: RDHL) today announced that it has entered into a definitive agreement with leading healthcare investor OrbiMed Israel Partners Limited Partnership, an affiliate of OrbiMed Advisors LLC, for the sale of RedHill's American Depository Shares and warrants in a private placement transactionor a total sum of $6.0 million. To read the full news, click here.

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


Related Articles (CTB + DIS)

View Comments and Join the Discussion!