Market Overview

My goal is to be on stage with my computer and let you
see my screen and make sure you know what buttons to
press, where you’re getting in & out, how to calculate
risk, your targets — all of those things.
It’s real-life trading. Make sure you sign up!
- Jerremy Newsome
GET TICKETS

US Stock Futures Flat Ahead Of Coca-Cola Earnings, Housing Data

Share:
US Stock Futures Flat Ahead Of Coca-Cola Earnings, Housing Data

Pre-open movers

US stock futures traded mostly flat in early pre-market trade, ahead of earnings from Coca-Cola Co (NYSE: KO). The Empire State manufacturing index for February will be released at 8:30 a.m. ET, while the NAHB housing market index for February and e-commerce retail sales for the fourth quarter will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average gained 4 points to 16,131.00, while the Standard & Poor's 500 index futures fell 1.30 points to 1,833.70. Futures for the Nasdaq 100 index dropped 2.25 points to 3,658.75.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.84%, London's FTSE 100 index dropping 0.08% and STOXX Europe 600 Index declining 0.45%. German DAX 30 index fell 0.21% and French CAC 40 Index tumbled 0.47%. The euro zone's current account surplus fell to 21.3 billion euros ($29.2 billion) in December, versus a revised EUR23.3 billion in November. UK's consumer price inflation fell to an annual rate of 1.9% in January. German ZEW indicator of economic sentiment fell 6 points to 55.7 in February.

Asian markets ended mostly higher today. Japan's Nikkei Stock Average jumped 3.13%, Hong Kong's Hang Seng Index rose 0.23%, China's Shanghai Composite Index dropped 0.77% and India's BSE Sensex surged 0.83%.

Broker Recommendation

Analysts at Morgan Stanley upgraded Forest Laboratories (NYSE: FRX) from “equal-weight” to “overweight.” The price target for Forest Laboratories is set to $86.

Forest Labs' shares closed at $71.39 on Friday.

Breaking news

  • Actavis (NYSE: ACT) and Forest Laboratories (NYSE: FRX) today announced that they have entered into a definitive agreement under which Actavis will acquire Forest for a combination of cash and equity valued at approximately $25 billion or $89.48 per Forest share ($26.04 in cash and 0.3306 Actavis shares for each share of Forest common stock). To read the full news, click here.
  • TAT Technologies (NASDAQ: TATT) today announced that it has entered into an agreement to sell its entire interest in Bental Industries, constituting 70% of Bental's issued and outstanding share capital, to Bental Investments Agshah, for an aggregate consideration of $5 million. To read the full news, click here.
  • Hanwha SolarOne (NASDAQ: HSOL) announced that the Company's at-the-market offering of American Depositary Shares, each representing five ordinary shares of par value US$0.0001 per share, was terminated on January 29, 2014. To read the full news, click here.
  • Danaher (NYSE: DHR) announced today that its Board of Directors has approved a regular quarterly dividend of $0.10 per share payable on April 25, 2014 to holders of record on March 28, 2014. To read the full news, click here.

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

 

Related Articles (DHR + ACT)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Benzinga's Top Initiations

Options Outlook For The Week Of February 17: Time To Link Up With LinkedIn?