Market Overview

US Stock Futures Up Ahead Of Jobless Claims

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US Stock Futures Up Ahead Of Jobless Claims

Pre-open movers

US stock futures traded higher in early pre-market trade. Data on weekly jobless claims will be released at 8:30 a.m. ET, while the U.S. Treasury monthly budget report for October will be released at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average jumped 40 points to 17,617.00, while the Standard & Poor's 500 index futures rose 5.10 points to 2,041.00. Futures for the Nasdaq 100 index climbed 11.25 points to 4,207.25.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index gaining 0.22%, STOXX Europe 600 Index rising 0.42%. German DAX 30 index jumped 0.85%, French CAC 40 Index surged 0.55% and London's FTSE 100 Index gained 0.39%. French current account deficit narrowed to EUR1.2 billion ($1.49 billion) in September, versus EUR3.7 billion in August.

In Asian markets, Japan's Nikkei Stock Average jumped 1.14%, Hong Kong's Hang Seng Index rose 0.34%, China's Shanghai Composite Index fell 0.36% and India's Sensex fell 0.24%. Industrial output in China increased 7.7% y/y in October, while housing sales declined 9.9% for the first 10 months of the year. Chinese retail sales climbed 11.5% y/y in October.

Broker Recommendation
Analysts at Goldman Sachs upgraded SanDisk (NASDAQ: SNDK) from Neutral to Buy. The price target for SanDisk has been raised from $87.00 to $106.00.

SanDisk's shares fell 0.11% to $92.73 in after-hours trading.

Breaking news

  • Shares of Kohl's (NYSE: KSS) fell more than 1.5% in pre-market trading after the company reported weaker-than-expected fiscal third-quarter profit.
    To read the full news, click here.
  • Hasbro (NASDAQ: HAS) and DreamWorks Animation SKG (NASDAQ: DWA) are in merger talks according to Deadline Hollywood. DWA CEO Jeffrey Katzenberg is looking for $35 per share from Hasbro, according to sources. To read the full news, click here.
  • Viacom (NASDAQ: VIAB) reported better-than-expected fiscal fourth-quarter earnings. To read the full news, click here.
  • Cash America International (NYSE: CSH) announced the successful completion of the spin-off of Enova International, which will begin “regular way” trading today on the New York Stock Exchange under the ticker symbol “ENVA.” To read the full news, click here.
 

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