Market Overview

US Stock Futures Signal Higher Start On Wall Street

US Stock Futures Signal Higher Start On Wall Street
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Pre-open movers

US stock futures traded higher in early pre-market trade. The Chicago Fed National Activity Index will be released at 8:30 a.m. ET, while existing home sales data for May will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average climbed 134 points to 18,045.0, while the Standard & Poor's 500 index futures rose 16.90 points to 2,114.65. Futures for the Nasdaq 100 index gained 38.95 points to 4,538.70.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 2.42 percent, STOXX Europe 600 Index surging 1.58 percent and German DAX 30 index gaining 2.75 percent. French CAC 40 Index jumped 2.63 percent and London's FTSE 100 Index rose 1.05 percent.

In Asian markets, Japan's Nikkei Stock Average rose 1.26 percent, Hong Kong's Hang Seng Index gained 1.20 percent and India's BSE Sensex rose 1.52 percent.

Broker Recommendation
Goldman Sachs downgraded Micron Technology, Inc. (NASDAQ: MU) from Neutral to Sell. The price target for Micron Technology has been lowered from $27 to $19.

Micron Technology shares closed at $24.47 on Friday.

Breaking news

  • Karyopharm Therapeutics Inc. (NASDAQ: KPTI) today announced the presentation of positive clinical and preclinical data for its lead product candidate, selinexor (KPT-330), a first-in-class, oral Selective Inhibitor of Nuclear Export / SINE™ compound, at the 13th International Conference on Malignant Lymphoma (ICML) 2015 held June 17-20, 2015 in Lugano, Switzerland. To read the full news, click here.
  • Primoris Services Corporation (NASDAQ: PRIM) today announced new underground awards valued at $13 million. To read the full news, click here.
  • Energy XXI (NASDAQ: EXXI) today announced that after several constructive meetings and exchanges of information, Energy XXI has reached an agreement with the Bureau of Ocean Energy Management (BOEM) with regard to supplemental bonding requirements for the company and its subsidiaries.To read the full news, click here.
  • MagnaChip Semiconductor Corporation (NYSE: MX) announced today that it received the Korea Patent Technology "King Sejong" grand prize award for the first half of 2015 granted by the Korean Intellectual Property Office. To read the full news, click here.

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


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