Market Overview

US Stock Futures Gain Ahead Of Consumer Spending Data

US Stock Futures Gain Ahead Of Consumer Spending Data
Related FNSR
Watch These 10 Huge Call Purchases In Thursday Trade
15 Biggest Mid-Day Losers For Wednesday
Related LPDX
Benzinga's M&A Chatter for Thursday September 25, 2014
Stocks Smashed As Dollar Strengthens

Pre-open movers

US stock futures rose in early pre-market trading, ahead of economic data. Data on consumer spending for February will be released at 8:30 a.m. ET, while the Reuter's/University of Michigan's consumer sentiment index for March will be released at 9:55 a.m. ET. Futures for the Dow Jones Industrial Average surged 43 points to 16,225.00, while the Standard & Poor's 500 index futures rose 6.20 points to 1,846.80. Futures for the Nasdaq 100 index gained 15.75 points to 3,570.00.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 1.06%, London's FTSE 100 index gaining 0.42% and STOXX Europe 600 Index jumping 0.69%. German DAX 30 index climbed 1.03% and French CAC 40 Index rose 0.44%.

Asian markets ended mostly higher today. Japan's Nikkei Stock Average rose 0.50%, Hong Kong's Hang Seng Index jumped 1.06% and China's Shanghai Composite Index fell 0.24% and India's BSE Sensex climbed 0.57%. Japan's retail sales climbed 3.6% y/y in February, while the core consumer price index gained 1.3% y/y in February. Japan's unemployment rate fell to 3.6% in February, from 3.7% in January.

Broker Recommendation

Analysts at RBC Capital upgraded Finisar (NASDAQ: FNSR) from “sector perform” to “outperform.” The target price for Finisar has been raised from $26 to $30.

Finisar's shares closed at $25.54 yesterday.

Breaking news

  • LipoScience (NASDAQ: LPDX) today announced the termination of its relationship with Health Diagnostics Laboratory, one of its laboratory customers. To read the full news, click here.
  • Ford Motor Company (NYSE: F) will invest $500 million to upgrade its Lima Engine Plant and add 300 new jobs to support production of the all-new 2.7-liter EcoBoost® specifically engineered for the next-generation 2015 Ford F-150.To read the full news, click here.
  • Taomee Holdings (NYSE: TAOM) today announced that its Board of Directors approved a share repurchase plan on March 28, 2014, effective upon the approval. To read the full news, click here.
  • BlackBerry (NASDAQ: BBRY) posted a narrower-than-expected fourth-quarter loss. BlackBerry posted a quarterly net loss of $423 million, or $0.80 per share, versus a year-ago profit of $98 million, or $0.19 per share. To read the full news, click here.

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


Related Articles (F + BBRY)

View Comments and Join the Discussion!