Market Overview

US Stock Futures Surge Ahead Of Wholesale Inventories Report

US Stock Futures Surge Ahead Of Wholesale Inventories Report
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Pre-open movers

US stock futures traded higher in early pre-market trade. Data on wholesale inventories for May will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average jumped 192 points to 17,644.0, while the Standard & Poor's 500 index futures rose 26.20 points to 2,067.45. Futures for the Nasdaq 100 index climbed 57.40 points to 4,396.90.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index surging 3.15 percent, STOXX Europe 600 Index rising 1.82 percent and German DAX 30 index gaining 2.26 percent. French CAC 40 Index climbed 3.07 percent and London's FTSE 100 Index rose 1.29 percent.

In Asian markets, Japan's Nikkei Stock Average fell 0.38 percent, Homg Kong's Hang Seng Index climbed 2.08 percent, China's Shanghai Composite Index jumped 4.54 percent and India's BSE Sensex climbed 0.32 percent.

Broker Recommendation
Analysts at Oppenheimer upgraded Costco Wholesale Corporation (NASDAQ: COST) from Perform to Outperform.

Costco Wholesale shares closed at $139.45 yesterday.

Breaking news

  • Smith & Nephew plc (ADR) (NYSE: SNN) today announces the acquisition of the trauma and orthopaedics business of DeOst LLC and DC LLC, a manufacturing company in the DeOst group. To read the full news, click here.
  • Eco-Stim Energy Solutions Inc (NASDAQ: ESES) announced Thursday, that it has priced 5,500,000 shares of its common stock, par value $0.001 per share, at a price to the public of $4.75 per share. To read the full news, click here.
  • Merus Labs International Inc (USA) (NASDAQ: MSLI), announced today that it has filed a preliminary short form base shelf prospectus with the securities commissions in all provinces in Canada, other than Quebec, Nova Scotia and Newfoundland, and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission under the U.S./Canada Multijurisdictional Disclosure System. To read the full news, click here.
  • Atara Biotherapeutics Inc (NASDAQ: ATRA) announced the pricing of its underwritten public offering of 3,461,538 shares of its common stock at a public offering price of $52.00 per share. To read the full news, click here.

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


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