Pre-open movers
U.S. stock futures traded slightly higher in early pre-market trade. Federal Reserve Member of the Board of Governors Michelle Bowman is set to speak in Frankfurt, Germany at 11:40 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 21 points to 26,775 while the Standard & Poor’s 500 index futures traded rose 7.1 points to 2,995.25. Futures for the Nasdaq 100 index rose 24.5 points to 7,905.25.
Oil prices traded lower as Brent crude futures fell 1% to trade at $58.84 per barrel, while US WTI crude futures fell 0.8% to trade at $53.36 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.5%, STOXX Europe 600 Index gaining 0.4% 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 0.2%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.25%, Hong Kong’s Hang Seng Index gained 0.02%, China’s Shanghai Composite Index rose 0.05% and India’s BSE Sensex rose 0.63%.
Broker Recommendation
Analysts at UBS downgraded The Boeing Company BA from Buy to Neutral and lowered the price target from $470 to $375.
Boeing shares fell 1.5% to $339 in pre-market trading.
Breaking News
- Halliburton Company HAL reported in-line earnings for its third quarter, while sales missed views.
- Smith & Nephew plc SNN shares fell around 8% in pre-market trading after the company's CEO said he would step down to pursue other opportunities..
- United Therapeutics Corporation UTHR announced the FDA approval of updated label for orenitram reflecting results of FREEDOM-EV study.
- Quaker Houghton KWR lowered its FY19 adjusted EBITDA guidance from year-over-year growth to down around 2-4%.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.