Market Overview

A Peek Into The Markets: U.S. Stock Futures Edge Higher Ahead Of Fed Speakers

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A Peek Into The Markets: U.S. Stock Futures Edge Higher Ahead Of Fed Speakers

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. The current account report for the first quarter is schedule for release at 8:30 a.m. ET. Boston Federal Reserve Bank President Eric Rosengren will speak in Amsterdam at 8:15 a.m. ET, while Dallas Federal Reserve Bank President Robert Kaplan will speak in San Francisco at 3:00 p.m. ET.

Futures for the Dow Jones Industrial Average climbed 13 points to 21,475.00, while the Standard & Poor’s 500 index futures rose 0.50 points to 2,448.25. Futures for the Nasdaq 100 index gained 12.75 points to 5,779.25.

Oil prices traded lower as Brent crude futures fell 1.79 percent to trade at $46.07 per barrel, while US WTI crude futures dropped 2.04 percent to trade at $43.30 a barrel.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index falling 0.39 percent, STOXX Europe 600 Index rising 0.04 percent and German DAX 30 index gaining 0.25 percent. The UK's FTSE index was trading higher by 0.15 percent, while French CAC 40 Index rose 0.32 percent.

In Asian markets, Japan’s Nikkei Stock Average rose 0.81 percent, Hong Kong’s Hang Seng Index declined 0.31 percent, China’s Shanghai Composite Index fell 0.14 percent and India’s BSE Sensex slipped 0.04 percent.

Broker Recommendation

Analysts at Pacific Crest upgraded NVIDIA Corporation (NASDAQ: NVDA) from Underweight to Sector Weight..

NVIDIA shares rose 0.69 percent to $158.40 in pre-market trading.

Breaking news

  • Lennar Corporation(NYSE: LEN) reported stronger-than-expected results for its second quarter on Tuesday.
  • Autodesk, Inc. (NASDAQ: ADSK) appointed Andrew Anagnost as its new president and chief executive officer, effectively immediately.
  • Shares of PAREXEL International Corporation (NASDAQ: PRXL) surged 8 percent in pre-market trading after WSJ reported that Pamplona Capital Management is near a deal to acquire the company for $88.10 per share.
  • Clovis Oncology Inc (NASDAQ: CLVS) reported a $250 million offering of common stock.

Posted-In: A Peek Into The MarketsM&A News Eurozone Futures Global Pre-Market Outlook Markets

 

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