US Stock Futures Gain; ADP, Jobless Claims Data In Focus
US stock futures rose in early pre-market trade, ahead of economic data. The Challenger job-cut report for August will be released at 7:30 a.m. ET, while the ADP national employment report for August will be released at 8:15 a.m. ET. Data on international trade for July, weekly jobless claims and nonfarm business productivity for the second quarter will be released at 8:30 a.m. ET. The Markit PMI services index for August will be released at 9:45 a.m. ET, while the ISM non-manufacturing index for August will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 43 points to 17,116.00, while the Standard & Poor's 500 index futures rose 6.60 points to 2,005.40. Futures for the Nasdaq 100 index gained 11.25 points to 4,083.00.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index dropping 0.25%, STOXX Europe 600 Index falling 0.09%. German DAX 30 index dropped 0.48%, French CAC 40 Index fell 0.17% and London's FTSE 100 Index gained 0.15%. French unemployment rate rose to 10.2% in the second quarter, versus 10.1% in the first quarter. German factory orders rose 4.6% on the month in July.
In Asian markets, Japan's Nikkei Stock Average dropped 0.33%, Hong Kong's Hang Seng Index fell 0.08%, China's Shanghai Composite Index surged 0.80% and India's BSE Sensex dropped 0.20%. Australia's trade deficit narrowed to A$1.36 billion in July, versus a revised A$1.56 billion deficit in June.
Analysts at JP Morgan downgraded GoPro (NASDAQ: GPRO) from Overweight to Neutral. The target price for GoPro is set to $51.
GoPro's shares fell 3.89% to $54.65 in pre-market trading.
- Shares of Joy Global (NYSE: JOY) fell more than 2.7% in pre-market trading after the company reported weaker-than-expected third-quarter earnings. To read the full news, click here.
- Johnson & Johnson (NYSE: JNJ) today announced it will fast-track the development of a promising new combination vaccine regimen against Ebola and broadly collaborate with its partners in global health to deliver immediate relief aid to address the current Ebola outbreak. To read the full news, click here.
- Shares of Ciena (NYSE: CIEN) dipped more than 12% in pre-market trading after the company issued a weak fiscal fourth-quarter forecast. However, the company reported upbeat third-quarter results. To read the full news, click here.
- Boeing (NYSE: BA), China's leading provider of passenger airplanes, projects a demand in the country for 6,020 new airplanes over the next 20 years, valued at $870 billion. To read the full news, click here.
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