Market Overview

A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning, after upbeat results from Apple Inc (NASDAQ: AAPL). Futures for the Dow Jones Industrial Average surged 69 points to 13,028.00 and S&P 500 index futures rose 10 points to 1,380.10. Nasdaq 100 futures gained 52.75 points to 2,685.25.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index gained 0.85%, London's FTSE 100 Index moved up 0.21%, French CAC 40 index rose 1.82% and German DAX 30 index gained 1.41%.

Asian markets ended mixed, with Japan's Nikkei Stock Average rising 0.98%, China's Shanghai Composite rising 0.75%. Hong Kong's Hang Seng index dropped 0.15% and India's Sensex fell 0.21%.

Broker Recommendation Analysts at BMO Capital upgraded J. C. Penney Company Inc (NYSE: JCP) from “underperform” to “market perform.” The target price for J. C. Penney has been raised from $29 to $35.

J. C. Penney shares gained 0.62% to $34.02 in pre-market trading.

Breaking news

  • BreitBurn Energy Partners LP (NASDAQ: BBEP) today announced it has signed a definitive agreement to acquire oil properties located in Park County in the Big Horn Basin of Wyoming for approximately $98 million from Legacy Energy Inc, a wholly-owned subsidiary of NiMin Energy Corp. To read the full news, click here.
  • The Board of Directors of Extreme Networks Inc (NASDAQ: EXTR) today reiterated its recommendation that shareholders vote AGAINST the shareholder proposal requesting the redemption of the rights issued pursuant to the company's Rights Plan. To read the full news, click here.
  • DuPont (NYSE: DD) today announced that its board of directors has approved a 5% increase in the company's quarterly cash dividend. To read the full news, click here.
  • Thermo Fisher Scientific Inc (NYSE: TMO) reported a better-than-expected first-quarter profit and lifted its full-year target. To read the full news, click here.

Posted-In: BMO Capital US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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