Market Overview

A Peek Into The Markets: US Stock Futures Up Ahead Of ADP Report

A Peek Into The Markets: US Stock Futures Up Ahead Of ADP Report

Pre-open movers

U.S. stock futures traded higher in early pre-market trade, ahead of earnings from several companies. The ADP national employment report for April will be released at 8:15 a.m. ET. The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET.

Futures for the Dow Jones Industrial Average rose 24 points to 24,095.00, while the Standard & Poor’s 500 index futures rose 2.75 points to 2,655.00. Futures for the Nasdaq 100 index climbed 21.5 points to 6,713.50.

Oil prices traded mixed as Brent crude futures fell 0.26 percent to trade at $72.94 per barrel, while US WTI crude futures rose 0.22 percent to trade at $67.40 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.


A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.89 percent, STOXX Europe 600 Index climbing 0.59 percent and German DAX 30 index gaining 1.12 percent. The UK's FTSE index was trading higher by 0.39 percent, while French CAC 40 Index gained 0.18 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.16 percent, Hong Kong’s Hang Seng Index fell 0.27 percent, China’s Shanghai Composite Index slipped 0.03 percent and India’s BSE Sensex rose 0.05 percent.

Broker Recommendation

Analysts at DA Davidson upgraded Domtar Corporation (NYSE: UFS) from Underperform to Neutral.

Domtar shares rose 2.67 percent to close at $45.07 on Tuesday.

Breaking news

  • CVS Health Corporation (NYSE: CVS) reported better-than-expected earnings for its first quarter.
  • AmerisourceBergen Corporation (NYSE: ABC) reported upbeat earnings for its second quarter.
  • Humana Inc. (NYSE: HUM) reported stronger-than-expected earnings for its first quarter. /li>
  • Southern Company (NYSE: SO) reported better-than-expected earnings for its first quarter.

Posted-In: A Peek Into The Markets DA DavidsonNews Eurozone Futures Global Pre-Market Outlook Markets


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