A Peek Into The Markets: US Stock Futures Higher Ahead Of Manufacturing Data - Amazon.com (NASDAQ:AMZN), Clorox (NYSE:CLX)

Pre-open movers

U.S. stock futures traded higher in early pre-market trade after closing at record highs in the previous session. Investors are awaiting earnings results from PG&E Corporation (NYSE:PCG), McKesson Corporation (NYSE:MCK), Clorox Co (NYSE:CLX), and ON Semiconductor Corp (NASDAQ:ON).

The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET, while the ISM manufacturing index for October and construction spending for September will be released at 10:00 a.m. ET.

Futures for the Dow Jones Industrial Average jumped 115 points to 35,819.00 while the Standard & Poor’s 500 index futures rose 14.50 points to 4,611.5. Futures for the Nasdaq 100 index climbed 55.25 points to 15,893.75.

The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 46,823,930 with around 766,290 deaths. India reported a total of at least 34,285,810 confirmed cases, while Brazil confirmed over 21,810,850 cases.

Oil prices traded mixed as Brent crude futures rose 0.4% to trade at $ 84.05 per barrel, while US WTI crude futures fell 0.1% to trade at $83.53 a barrel. The total number of active U.S. oil rigs rose by 1 to 444 rigs this week, Baker Hughes Inc reported Friday.

A Peek Into Global Markets

European markets were higher today. The Spanish Ibex Index rose 0.9% and STOXX Europe 600 Index climbed 0.9%. The French CAC 40 Index surged 0.9%, London’s FTSE 100 rose 0.4% while German DAX 30 climbed 0.9%. Germany's retail trade fell 2.5% in September.

Broker Recommendation

Keybanc maintained Polaris Inc. (NYSE:PII) with an Overweight and lowered the price target from $155 to $145.

Polaris shares fell 0.3% to close at $114.95 on Friday.

Check out other major ratings here

Breaking News

Check out other breaking news here

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.

Pre-open movers

The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET, while the ISM manufacturing index for October and construction spending for September will be released at 10:00 a.m. ET.

A Peek Into Global Markets

Asian markets traded mixed today. Japan’s Nikkei 225 rose 2.61%, while Hong Kong’s Hang Seng Index fell 0.88% and China’s Shanghai Composite slipped 0.08%. Australia’s S&P/ASX 200 rose 0.6%, while India’s BSE Sensex climbed 1.2%. Australia’s manufacturing PMI Index dropped to 50.4 in October from 51.2 in the prior month, while Indian nanufacturing PMI rose to 55.9 in October from 53.7 a month ago. The Caixin China General manufacturing PMI rose to a four-month high of 50.6 in October, while Japanese manufacturing PMI rose to 53.2 in October from a final reading of 51.5 a month earlier.

Broker Recommendation

Keybanc maintained Polaris Inc. (NYSE:PII) with an Overweight and lowered the price target from $155 to $145.

Polaris shares fell 0.3% to close at $114.95 on Friday.

Check out other major ratings here

Breaking News

Xpeng Inc - ADR (NYSE:XPEV) said it delivered 10,138 vehicles in October, a 233% surge year-on-year, despite the semiconductor shortage.
McDonald’s Corp (NYSE:MCD) is the latest big name brand to enter the fast-growing non-fungible token market. In celebration of the 40th anniversary of the McRib, McDonald’s is launching its first-ever NFT.
On Sunday, the German labor union Verdi called all employees to strike at seven different Amazon.com, Inc (NASDAQ:AMZN) locations over a pay dispute. According to a Verdi spokesperson, the duration of the strike is open. Verdi has demanded that the company raise pay in the broader retail and mail-order industries across Germany.
Cathie Wood’s money managing firm Ark Invest on Friday raised its exposure in Facebook Inc (NASDAQ:FB), a day after the Mark Zuckerberg-led social media company said it has changed its name to Meta to reflect its ambition beyond social media.