Market Overview

US Stock Futures Edge Higher; JPMorgan Earnings In Focus

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US Stock Futures Edge Higher; JPMorgan Earnings In Focus

Pre-open movers

US stock futures gained in early pre-market trade, ahead of earnings from JPMorgan Chase & Co (NYSE: JPM) and Wells Fargo & Company (NYSE: WFC). The NFIB Small Business Optimism Index for December will be released at 7:30 a.m. ET. Data on retail sales and import price for December will be released at 8:30 a.m. ET, while business inventories data for November will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 18 points to 16,232.00, while the Standard & Poor's 500 index futures gained 2.80 points to 1,817.90. Futures for the Nasdaq 100 index rose 3.50 points to 3,513.00.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.31%, London's FTSE 100 index dropping 0.22% and STOXX Europe 600 Index dipping 0.38%. German DAX 30 index declined 0.61% and French CAC 40 Index tumbled 0.46%.

Asian markets ended mostly lower today. Japan's Nikkei Stock Average dipped 3.08%, China's Shanghai Composite rose 0.86%, Hong Kong's Hang Seng Index fell 0.43% and India's BSE Sensex declined 0.48%.

Broker Recommendation

Analysts at Bank of America upgraded Danaher (NYSE: DHR) from “neutral” to “buy.” The target price for Danaher has been raised from $78 to $90. Danaher's shares closed at $76.15 yesterday.

Breaking news

  • RedHill Biopharma (NASDAQ: RDHL) today announced that it has entered into a definitive agreement with a select group of investors for the sale of RedHill's ordinary shares and warrants in a private placement transaction for a total amount of approximately $11.7 million. To read the full news, click here.
  • CombiMatrix (NASDAQ: CBMX) today announced that it has been selected by ProPath® to provide its chromosomal microarray analysis (CMA) testing for miscarriage analysis for ProPath patients. To read the full news, click here.
  • Yandex (NASDAQ: YNDX) has announced a partnership agreement with Facebook, giving Yandex full access to the social network's "firehose" of public data. To read the full news, click here.
  • Babies"R"Us®, the nation's leading dedicated juvenile products retailer announced today that it has entered into a strategic partnership with TheBump.com, a leading pregnancy and parenting website that offers advice, ideas, resources and support to first-time parents as they navigate pregnancy. To read the full news, click here.

Posted-In: Bank of America US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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