Market Overview

US Stock Futures Up; Crude Oil Slides Below $45

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US Stock Futures Up; Crude Oil Slides Below $45
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Pre-open movers

US stock futures traded higher in early pre-market trade. Crude oil futures slipped 2.84% to trade at $44.76 a barrel. The NFIB Small Business Optimism Index for December will be released at 7:30 a.m. ET, while the U.S. Treasury monthly budget report for December will be released at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average jumped 77 points to 17,648.00, while the Standard & Poor's 500 index futures rose 8.50 points to 2,030.90. Futures for the Nasdaq 100 index climbed 20.50 points to 4,187.00.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 1.17%, STOXX Europe 600 Index gaining 1.03% and German DAX 30 index gaining 1.11%. French CAC 40 Index jumped 1.09% and London's FTSE 100 Index rose 0.59%. Italy's industrial production gained 0.3% on the month in November.

In Asian markets, Japan's Nikkei Stock Average fell 0.64%, Hong Kong's Hang Seng Index climbed 0.79%, China's Shanghai Composite Index gained 0.19% and India's Sensex slipped 0.58%. China's exports climbed 9.7 % y/y in December, while imports declined 2.4% y/y in the month.

Broker Recommendation
Analysts at Credit Suisse upgraded Apple Inc. (NASDAQ: AAPL) from Neutral to Outperform. The price target for Apple has been raised from $110.00 to $130.00.

Apple's shares rose 1.42% to $110.80 in pre-market trading.

Breaking news

  • T2 Biosystems, Inc. (NASDAQ: TTOO) today announced that results from its pivotal trial evaluating its lead products, the T2Candida® Panel and the T2Dx® Instrument were published online in the journal Clinical Infectious Diseases (CID). To read the full news, click here.
  • Brooks Automation, Inc. (NASDAQ: BRKS) and Chart Industries, Inc. (NASDAQ: GTLS) announced they have entered into a strategic collaboration agreement to develop and distribute automated cryogenic storage solutions. To read the full news, click here.
  • Stereotaxis, Inc. (NASDAQ: STXS) and Princess Grace Hospital of Monaco today announced the results of a recent clinical study conducted in Europe, which represent significant findings in terms of the Stereotaxis remote magnetic navigation platform's success in treating atrial fibrillation (AF). To read the full news, click here.
  • IHS Inc (NYSE: IHS) reported a stronger-than-expected fourth-quarter profit. To read the full news, click here.

Posted-In: Credit Suisse US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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