Skip to main content

Market Overview

A Peek Into The Markets: US Stock Futures Up Ahead Of Empire State Index

Share:
A Peek Into The Markets: US Stock Futures Up Ahead Of Empire State Index

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. The Empire State manufacturing index for July is schedule for release at 8:30 a.m. ET. New York Federal Reserve Bank President John Williams is set to speak in New York at 8:50 a.m. ET.

Futures for the Dow Jones Industrial Average climbed 37 points to 27,346, while the Standard & Poor’s 500 index futures rose 4.35 points to 3,019.75. Futures for the Nasdaq 100 index gained 7.25 points to 7,967.25.

Oil prices traded higher as Brent crude futures rose 0.4% to trade at $66.99 per barrel, while US WTI crude futures rose 0.2% to trade at $60.34 a barrel.

 

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 0.1%, STOXX Europe 600 Index dropping 0.2% and German DAX 30 index gaining 0.1%. The UK's FTSE index was trading lower by 0.1%, while French CAC 40 Index fell 0.2%.

In Asian markets, Japan’s Nikkei Stock Average rose 0.2%, Hong Kong’s Hang Seng Index rose 0.29%, China’s Shanghai Composite Index rose 0.4% and India’s BSE Sensex rose 0.41%.

Broker Recommendation

Analysts at JP Morgan upgraded Brinker International, Inc. (NYSE: EAT) from Neutral to Overweight and lowered the price target from $44 to $43.

Brinker shares rose 1.4 percent to $39.25 in pre-market trading.

Breaking News

  • Galapagos NV (NASDAQ: GLPG) shares climbed over 15% in pre-market trading following announcement of $1.1 billion equity investment from Gilead Sciences, Inc.
  • ReneSola Ltd. (NYSE: SOL) agreed to sell 12.3MW of China rooftop DG projects. However, terms of the deal were not disclosed.
  • Crane Co. (NYSE: CR) disclosed that it will not extend its offer to acquire CIRCOR International, Inc. (NYSE: CIR) for $48 per share beyond July 19th.
  • OrganiGram Holdings Inc (NASDAQ: OGI) reported a Q3 loss of $0.07 per share, versus earnings of $0.03 per share in the year-ago period. Its sales rose to $24.75 million from $3.435 million.
 

Related Articles (CIR + CR)

View Comments and Join the Discussion!

Posted-In: A Peek Into The Markets US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com