A Peek Into The Markets: US Stock Futures Rise Ahead Of Big Earnings

Pre-open movers

The S&P Corelogic Case-Shiller home price index and Federal Housing Finance Agency house price index for August will be released at 9:00 a.m. ET. Data on new home sales for September, the Conference Board’s consumer confidence index for October and the Richmond Fed's manufacturing index for October will be released at 10:00 a.m. ET.

Futures for the Dow Jones Industrial Average rose 92 points to 35,712.00 while the Standard & Poor’s 500 index futures gained 17.75 points to 4,575.75. Futures for the Nasdaq 100 index gained 102.25 points to 15,598.00.


A Peek Into Global Markets


European markets were higher today. The Spanish Ibex Index rose 0.7% and STOXX Europe 600 Index gained 0.6%. The French CAC 40 Index climbed 0.6%, London’s FTSE 100 rose 0.7% while German DAX 30 gained 0.9%. Spain's producer price inflation rose to 23.6% year-over-year in September from a revised 17.9% in the prior month.

Asian markets traded mixed today. Japan’s Nikkei 225 rose 1.77%, while Hong Kong’s Hang Seng Index fell 0.36% and China’s Shanghai Composite fell 0.34%. Australia’s S&P/ASX 200 rose 0.1%, while India’s BSE Sensex rose 0.5%.


Broker Recommendation

Credit Suisse downgraded Beyond Meat, Inc. (NASDAQ:BYND) from Neutral to Underperform and lowered the price target from $123 to $75.

Beyond Meat shares fell 2.5% to $93.64 in pre-market trading.

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