Market Overview

US Stock Futures Up Ahead Of Factory-Orders Data

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US Stock Futures Up Ahead Of Factory-Orders Data
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Pre-open movers

US stock futures traded higher in early pre-market trade. Data on factory orders for March will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average climbed 58.50 points to 17,992.50, while the Standard & Poor's 500 index futures rose 4.95 points to 2,106.45. Futures for the Nasdaq 100 index surged 6.55 points to 4,474.30.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.79 percent, STOXX Europe 600 Index surging 0.72 percent and German DAX 30 index gaining 1.29 percent. French CAC 40 Index climbed 0.97 percent and London's FTSE 100 Index rose 0.36 percent.

In Asian markets, Japan's Nikkei Stock Average rose 0.06 percent, China's Shanghai Composite Index climbed 0.87 percent, Hong Kong's Hang Seng Index fell 0.03 percent and India's BSE Sensex rose 1.77 percent.

Broker Recommendation
Analysts at Stifel Nicolaus upgraded Twitter Inc (NYSE: TWTR) from Sell to Hold and removed the price target of $36.00.

Twitter shares rose 0.98 percent to $38.21 in pre-market trading.

Breaking news

  • Cognizant Technology Solutions Corp (NASDAQ: CTSH) reported better-than-expected results for its first quarter and raised its outlook for the year. To read the full news, click here.
  • WPX Energy (NYSE: WPX) announced today it signed an agreement to sell a package of Marcellus Shale marketing contracts and release certain related firm transportation capacity to an undisclosed buyer for in excess of $200 million cash. To read the full news, click here.
  • Shares of Comcast Corporation (NASDAQ: CMCSA) surged over 2 percent in pre-market trading after the company reported stronger-than-expected results for the first quarter on Monday. To read the full news, click here.
  • CECO Environmental Corp. (NASDAQ: CECE) and PMFG Inc (NASDAQ: PMFG), today jointly announced that the companies have entered into a definitive merger agreement in which CECO will acquire PMFG. To read the full news, click here.

Posted-In: Stifel Nicolaus US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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