US Stock Futures Surge Ahead Of Jobless Claims Data

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Pre-open movers
US stock futures traded higher in early pre-market trade. Data on weekly jobless claims and non-farm productivity for the third quarter will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average surged 52.5 points to 17,839.5, while the Standard & Poor's 500 index futures rose 6.50 points to 2,101.25. Futures for the Nasdaq 100 index climbed 13.25 points to 4,722.75.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index rising 0.36 percent, STOXX Europe 600 Index surging 0.18 percent and German DAX 30 index climbing 0.85 percent. French CAC 40 Index surged 0.96 percent and London's FTSE 100 Index fell 0.54 percent. In Asian markets, Japan's Nikkei Stock jumped 1 percent, Hong Kong's Hang Seng Index fell 0.01 percent, China's Shanghai Composite Index surged 1.835 percent and India's BSE Sensex declined 0.94 percent.
Broker Recommendation
Analysts at Susquehanna downgraded
Sodastream International LtdSODA
from Positive to Neutral and lowered the price target from $27.00 to $16.00. SodaStream shares climbed 5.33 percent to close at $16.61 yesterday.
Breaking news
  • Facebook Inc FB reported better-than-expected earnings for the third quarter on Wednesday. To read the full news, click here.
  • QUALCOMM, Inc. QCOM reported better-than-expected results for its fiscal fourth quarter on Wednesday. However, the company issued a weak forecast for the first quarter. To read the full news, click here.
  • Cellcom Israel Ltd. CEL announced today that the Company entered an agreement with Golan Telecom Ltd., or Golan, and its shareholders for the purchase of 100% of the shares of Golan, an Israeli cellular operator, for the sum of NIS 1.17 billion. To read the full news, click here.
  • Sanofi SA (ADR) SNY and Hanmi Pharmaceutical Co., Ltd. announced today a worldwide license agreement to develop a portfolio of experimental, long-acting diabetes treatments. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsSusquehannaUS Stock Futures
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