US Stock Futures Surge Ahead Of Economic Data

US stock futures traded higher in early pre-market trade. Data on weekly jobless claims, current account for the first quarter and the consumer price index for May will be released at 8:30 a.m. ET. The general conditions index from Philadelphia Fed business outlook survey and leading indicators data for May will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average climbed 57 points to 17,883.00, while the Standard & Poor's 500 index futures rose 5.70 points to 2,094.95. Futures for the Nasdaq 100 index gained 14.05 points to 4,468.30.

European markets were lower today, with the Spanish Ibex Index falling 0.56 percent, STOXX Europe 600 Index declining 0.69 percent and German DAX 30 index dropping 0.57 percent. French CAC 40 Index slipped 0.68 percent and London's FTSE 100 Index fell 0.26 percent. In Asian markets, Japan's Nikkei Stock Average fell 1.13 percent, China's Shanghai Composite Index dipped 3.67 percent, Hong Kong's Hang Seng Index declined 0.22 percent and India's BSE Sensex rose 1.06 percent.

Analysts at Credit Suisse downgraded

from Outperform to Neutral and lowered the price target from $75.00 to $69.00. Spirit Airlines shares fell 0.95 percent to $61.83 in pre-market trading.