Market Overview

US Stock Futures Edge Higher

US Stock Futures Edge Higher

Pre-open movers

US stock futures traded slightly higher in early pre-market trade. Futures for the Dow Jones Industrial Average jumped 15 points to 18,136.00, while the Standard & Poor's 500 index futures rose 1.45 points to 2,109.95. Futures for the Nasdaq 100 index climbed 4.55 points to 4,453.30.

A Peek Into Global Markets

European markets were mixed today, with the Spanish Ibex Index rising 0.03 percent, STOXX Europe 600 Index surging 0.06 percent and German DAX 30 index dropping 0.33 percent. French CAC 40 Index fell 1.32 percent and London's FTSE 100 Index rose 2.43 percent.

In Asian markets, Japan's Nikkei Stock Average rose 1.25 percent, China's Shanghai Composite Index jumped 3.04 percent, Hong Kong's Hang Seng Index gained 0.51 percent and India's BSE Sensex jumped 1.48 percent.

Broker Recommendation
Analysts at Baird upgraded Caterpillar Inc. (NYSE: CAT) from Neutral to Outperform and raised the price target from $80.00 to $101.00.

Caterpillar shares rose 0.79 percent to $88.00 in pre-market trading.

Breaking news

  • Shares of Actavis plc (NYSE: ACT) jumped more than 3 percent in pre-market trading after the company reported better-than-expected results for the first quarter. To read the full news, click here.
  • Sothebys (NYSE: BID) reported stronger-than-expected results for the first quarter on Monday. To read the full news, click here.
  • GW Pharmaceuticals plc (NASDAQ: GWPH) announced that it has commenced a Phase 3 clinical trial of Epidiolex® (cannabidiol or CBD) for the treatment of Lennox-Gastaut syndrome (LGS), a rare and severe form of childhood-onset epilepsy. To read the full news, click here.
  • Wayfair Inc (NYSE: W) posted a narrower-than-expected loss for the first quarter on Monday. To read the full news, click here.

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