Market Overview

US Stock Futures Rise Ahead Of Earnings, Economic Data

US Stock Futures Rise Ahead Of Earnings, Economic Data

Pre-open movers

US stock futures traded higher in early pre-market trade. The Empire State manufacturing index for April will be released at 8:30 a.m. ET, while industrial production data for March will be released at 9:15 a.m. ET. The NAHB housing market index for April will be released at 10:00 a.m. ET, while the Federal Reserve will release its latest Beige Book report at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average surged 46.50 points to 18,010.50, while the Standard & Poor's 500 index futures rose 4.95 points to 2,095.95. Futures for the Nasdaq 100 index gained 10.05 points to 4,407.80.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.45%, STOXX Europe 600 Index surging 0.69% and German DAX 30 index gaining 0.46%. French CAC 40 Index climbed 0.65% and London's FTSE 100 Index rose 0.28%.

In Asian markets, Japan's Nikkei Stock Average fell 0.20%, China's Shanghai Composite Index fell 1.24%, Hong Kong's Hang Seng Index rose 0.21% and India's BSE Sensex dipped 0.84%.

Broker Recommendation
Analysts at Wedbush upgraded Intel Corporation (NASDAQ: INTC) from Neutral to Outperform. The price target for Intel has been raised from $34 to $37.

Intel shares rose 3.52% to $32.60 in pre-market trading.

Breaking news

  • Siemens AG (OTC: SIEGY) has selected Molycorp, Inc. (NYSE: MCP) to supply rare earth materials over the next 10 years from its Mountain Pass, California facility for incorporation into Siemens' high-efficiency, direct drive wind turbine generators. To read the full news, click here.
  • Cepheid (NASDAQ: CPHD) today announced that Xpert® HCV Viral Load, a quantitative test that provides on-demand molecular testing for confirmation of infection and monitoring of Hepatitis C virus (HCV), has achieved CE-IVD status under the European Directive on In Vitro Diagnostic Medical Devices. To read the full news, click here.
  • Nokia (NYSE: NOK) and Alcatel-Lucent (NYSE: ALU) announced today their intention to combine to create an innovation leader in next generation technology and services for an IP connected world. To read the full news, click here.
  • PNC Financial Services Group, Inc. (NYSE: PNC) reported better-than-expected results for its first quarter on Wednesday. To read the full news, click here.

Related Articles (MCP + SIEGY)

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Posted-In: US Stock Futures WedbushNews Eurozone Futures Global Pre-Market Outlook Markets