Market Overview

A Peek Into The Markets: US Stock Futures Signal Higher Start On Wall Street

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A Peek Into The Markets: US Stock Futures Signal Higher Start On Wall Street

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. The Labor Department's JOLTS report for June will be released at 10:00 a.m. ET. St. Louis Federal Reserve Bank President James Bullard is set to speak in Washington, DC at 1:05 p.m. ET.

Futures for the Dow Jones Industrial Average gained 194 points to 25,744 while the Standard & Poor’s 500 index futures rose 23.9 points to 2,854.00. Futures for the Nasdaq 100 index climbed 74 points to 7,459.25.

Oil prices traded higher as Brent crude futures rose 0.1% to trade at $59.89 per barrel, while US WTI crude futures rose 0.4% to trade at $54.89 a barrel.

 

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.4%, STOXX Europe 600 Index climbing 0.6% and German DAX 30 index gaining 0.7%. The UK's FTSE index was trading higher by 0.1%, while French CAC 40 Index rose 1%.

In Asian markets, Japan’s Nikkei Stock Average fell 0.65%, Hong Kong’s Hang Seng Index fell 0.67%, China’s Shanghai Composite Index dropped 1.56% and India’s BSE Sensex rose 0.75%.

Broker Recommendation

Analysts at Morgan Stanley upgraded Ford Motor Company (NYSE: F) from Equal-Weight to Overweight and raised the price target from $10 to $12.

Ford shares rose 2 percent to $9.42 in pre-market trading.

Breaking News

  • Dean Foods Company (NYSE: DF) reported weaker-than-expected results for its second quarter.
  • Mallinckrodt plc (NYSE: MNK) reported better-than-expected earnings for its second quarter and issued strong FY19 earnings forecast.
  • US Foods Holding Corp. (NYSE: USFD) reported stronger-than-expected results for its second quarter.
  • Aramark (NYSE: ARMK) reported better-than-expected results for its third quarter and announced the acquisition of on-demand food delivery service, Good Uncle.

Posted-In: A Peek Into The MarketsEarnings News Eurozone Futures Global Pre-Market Outlook Markets

 

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