A Peek Into The Markets: U.S. Stock Futures Surge; Goldman Sachs Earnings In Focus
U.S. stock futures traded higher in early pre-market trade, ahead of earnings from Goldman Sachs Group Inc (NYSE: GS) and Yahoo! Inc. (NASDAQ: YHOO). The Consumer Price Index for September is schedule for release at 8:30 a.m. ET, while the housing market index for October will be released at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 73 points to 18,086.00, while the Standard & Poor’s 500 index futures gained 10.50 points to 2,133.50. Futures for the Nasdaq 100 index surged 27.50 points to 4,830.75.
Oil prices traded higher as Brent crude futures gained 0.80 percent to trade at $51.93 per barrel, while US WTI crude futures also rose 0.81 percent to trade at $50.78 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 1 percent, STOXX Europe 600 Index surging 1.22 percent and German DAX 30 index gaining 1.12 percent. The UK's FTSE index was trading higher by 1.07 percent, while French CAC 40 Index climbed 1.17 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.38 percent, Hong Kong’s Hang Seng Index gained 1.55 percent, China’s Shanghai Composite Index rose 1.40 percent and India’s BSE Sensex climbed 1.89 percent.
Analysts at Barclays upgraded Intel Corporation (NASDAQ: INTC) from Equal-Weight to Overweight and raised the price target from $38.00 to $45.00.
Intel shares rose 1.69 percent to $37.92 in pre-market trading.
- Johnson & Johnson (NYSE: JNJ) delivered better than expected results for the third quarter, as earnings and revenue came in above the Street estimates. To read the full news, click here.
- Harley-Davidson Inc (NYSE: HOG) delivered in-line EPS and revenue for the third quarter. The company maintained its shipment outlook for 2016. To read the full news, click here.
- Netflix, Inc. (NASDAQ: NFLX) reported better-than-expected earnings for its third quarter and issued a strong outlook for the fourth quarter. Total U.S. streaming members hit 47.5 million, and international streaming members, 39.2 million. Total streaming subs reached 86.74 million, with 3.57 million net additions. To read the full news, click here.
- Philip Morris International Inc. (NYSE: PM) reported upbeat earnings for its third quarter and lifted its quarterly dividend by 2 percent.
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