Pre-open movers
Futures for the Dow Jones Industrial Average dipped 91 points to 34,652.00 while the Standard & Poor’s 500 index futures fell 26 points to 4,407.00. Futures for the Nasdaq 100 index fell 173.25 points to 15,021.50.
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 43,116,440 with around 690,430 deaths. India reported a total of at least 33,697,580 confirmed cases, while Brazil confirmed over 21,366,390 cases.
Oil prices traded higher as Brent crude futures rose 0.9% to trade at $79.43 per barrel, while US WTI crude futures rose 1.1% to trade at $76.26 a barrel. The API’s report on crude oil inventories will be released today.
A Peek Into Global Markets
European markets were lower today. The Spanish Ibex Index fell 0.9% and STOXX Europe 600 Index dipped 1.1%. The French CAC 40 Index declined 1.2%, London’s FTSE 100 fell 0.3% while German DAX 30 dropped 0.8%. The GfK Consumer Climate Indicator for Germany increased to 0.3 for October versus a revised reading of -1.1 in September, while French consumer confidence indicator rose by 3 points to a reading of 102.0 in September.
Broker Recommendation
Citigroup upgraded Puma Biotechnology, Inc. (NASDAQ:PBYI) from Neutral to Buy.
Puma Biotechnology shares rose 4.4% to close at $7.12 on Monday.
Check out other major ratings here
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