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US Stock Futures Surge Ahead Of Earnings

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US Stock Futures Surge Ahead Of Earnings

Pre-open movers

US stock futures traded higher in early pre-market trade, ahead of earnings from General Motors Company (NYSE: GM), Boeing Co (NYSE: BA), eBay Inc (NASDAQ: EBAY) and The Coca-Cola Co (NYSE: KO). Futures for the Dow Jones Industrial Average jumped 64 points to 17,171.0, while the Standard & Poor's 500 index futures rose 8.50 points to 2,029.00. Futures for the Nasdaq 100 index climbed 18.38 points to 4,443.13.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.58 percent, STOXX Europe 600 Index gaining 0.17 percent and German DAX 30 index climbing 0.77 percent. French CAC 40 Index jumped 0.58 percent and London's FTSE 100 Index rose 0.40 percent.

In Asian markets, Japan's Nikkei Stock Average rose 1.91 percent, Hong Kong's Hang Seng Index fell 0.37 percent, China's Shanghai Composite Index slipped 3.06 percent and India's BSE Sensex fell 0.07 percent.

Broker Recommendation
Analysts at Bank of America downgraded Micron Technology, Inc. (NASDAQ: MU) from Neutral to Underperform.

Micron Technology shares fell 2.81 percent to $16.61 in pre-market trading.

Breaking news

  • Thermo Fisher Scientific Inc. (NYSE: TMO) reported better-than-expected earnings for the third quarter and lifted the low end of its earnings outlook for the full year. To read the full news, click here.
  • Medtronic plc (NYSE: MDT) today announced it has received CE Mark for the Visia AF(TM) and Visia AF MRI(TM) SureScan(R) single-chamber implantable cardioverter defibrillators (ICDs), which can detect and monitor new onset, asymptomatic, and previously undiagnosed atrial fibrillation (AF). To read the full news, click here.
  • R. R. Donnelley & Sons Company (NASDAQ: RRD) announced today that it has acquired Courier Advisory Group, a provider of managed delivery services that includes third-party logistics (3PL), scheduled and on-demand delivery, and managed courier services for a diverse array of industries. To read the full news, click here.
  • Toshiba Corporation (OTC: TOSBF) and SanDisk Corporation (NASDAQ: SNDK) announced the start of equipment installation in the New Fab 2 facility at Yokkaichi Operations. To read the full news, click here.
 

Related Articles (BA + GM)

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Posted-In: Bank of AmericaEarnings News Eurozone Futures Global Pre-Market Outlook Markets

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