Market Overview

A Peek Into The Markets: US Stock Futures Gain Ahead Of Jobless Claims, International Trade Data

A Peek Into The Markets: US Stock Futures Gain Ahead Of Jobless Claims, International Trade Data
Related SPY
Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week
From Facebook To Netflix: The S&P's Big Sector Shakeup, Explained
Is It Really Time To Be 'Un-American' With Your Stock Allocation? That Depends (Seeking Alpha)
Related USO
A Peek Into The Markets: US Stock Futures Rise Ahead Of Economic Reports
A Peek Into The Markets: US Stock Futures Down Ahead Of Economic Data, Fed Speakers
2 Investments To Make Now That Are Uncorrelated To Stocks (Seeking Alpha)

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. The Challenger job-cut report for March is schedule for release at 7:30 a.m. ET, while data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. The international trade report for February is schedule for release at 8:30 a.m. ET. Atlanta Federal Reserve Bank President Raphael Bostic is set to speak in Sarasota, Florida at 1:00 p.m. ET.

Futures for the Dow Jones Industrial Average rose 63 points to 24,328.00, while the Standard & Poor’s 500 index futures gained 12.50 points to 2,659.50. Futures for the Nasdaq 100 index climbed 55.50 points to 6,638.00.

Oil prices traded lower as Brent crude futures fell 0.15 percent to trade at $67.92 per barrel, while US WTI crude futures fell 0.25 percent to trade at $63.21 a barrel. The Energy Information Administration’s weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.


A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 1.79 percent, STOXX Europe 600 Index climbing 1.66 percent and German DAX 30 index gaining 1.91 percent. The UK's FTSE index was trading higher by 1.49 percent, while French CAC 40 Index surged 1.81 percent.

In Asian markets, Japan’s Nikkei Stock Average rose 1.53 percent, Hong Kong’s Hang Seng Index dropped 2.19 percent, China’s Shanghai Composite Index fell 0.18 percent and India’s BSE Sensex rose 1.75 percent.

Broker Recommendation

Analysts at Morgan Stanley upgraded Finisar Corporation (NASDAQ: FNSR) from Equal-Weight to Overweight.

Finisar shares rose 6.05 percent to $15.59 in pre-market trading.

Breaking news

  • RPM International Inc. (NYSE: RPM) reported upbeat earnings for its third quarter on Thursday.
  • Conn's, Inc. (NASDAQ: CONN) reported better-than-expected earnings for its fourth quarter, while sales missed estimates.
  • Conatus Pharmaceuticals Inc (NASDAQ: CNAT) disclosed that top-line results from Phase 2b POLT-HCV-SVR trial did not meet its primary endpoint.
  • Ollie's Bargain Outlet Holdings Inc (NASDAQ: OLLI) reported stronger-than-expected results for its fourth quarter, but issued weak sales forecast for the full year.


Posted-In: A Peek Into The Markets Morgan StanleyNews Eurozone Futures Global Pre-Market Outlook Markets


Related Articles (CONN + CNAT)

View Comments and Join the Discussion!

Benzinga Pro's 5 Stocks To Watch Today

Economic Data Scheduled For Thursday