A Peek Into The Markets: US Stock Futures Mixed Ahead Of Housing Market Index

Pre-open movers

U.S. stock futures traded mixed in early pre-market trade. The National Association of Home Builders' housing market index for March is schedule for release at 10:00 a.m. ET.

Futures for the Dow Jones Industrial Average dropped 68 points to 25,831, while the Standard & Poor’s 500 index futures gained 0.70 points to 2,830.50. Futures for the Nasdaq 100 index rose 4.25 points to 7,347.50.

Oil prices traded mixed as Brent crude futures rose 0.04 percent to trade at $67.19 per barrel, while US WTI crude futures fell 0.15 percent to trade at $58.43 a barrel.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.6 percent, STOXX Europe 600 Index climbing 0.2 percent and German DAX 30 index dropped 0.1 percent. The UK's FTSE index was trading higher by 0.6 percent, while French CAC 40 Index gained 0.1 percent.

In Asian markets, Japan’s Nikkei Stock Average rose 0.62 percent, Hong Kong’s Hang Seng Index climbed 1.37 percent, China’s Shanghai Composite Index rose 2.47 percent and India’s BSE Sensex rose 0.19 percent.

Broker Recommendation

Analysts at William Blair downgraded Restoration Robotics Inc HAIR from Outperform to Market Perform.

Restoration Robotics shares rose 1.7 percent to $0.92 in pre-market trading.

Breaking News

  • American Midstream Partners LP AMID agreed to be acquired by an affiliate of ArcLight Energy Partners Fund V, L.P. for $5.25 per share in cash.
  • Dermira Inc DERM disclosed that its Phase 2b study of lebrikizumab in patients with atopic dermatitis met its primary endpoint.
  • Synaptics, Incorporated SYNA lowered its guidance for the third quarter and reported the departure of CFO Richard Bergman.
  • Consolidated Water Co. Ltd. CWCO reported downbeat results for its fourth quarter.
Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsA Peek Into The MarketsUS Stock Futures
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