Pre-open movers
U.S. stock futures traded higher in early pre-market trade. Data on initial jobless claims for the recent week, retail sales for
August the Producer Price Index for August, the Philadelphia Fed general conditions index for September, the Empire State
manufacturing index for September and the current account report for the second quarter will be released at 8:30 a.m. ET. Data on
industrial production for August will be released at 9:15 a.m. ET, while data on business inventories for July will be released at
10:00 a.m. ET.
Futures for the Dow Jones Industrial Average rose 73 points to 17,993.00, while the Standard & Poor’s 500 index futures gained
8.75 points to 2,122.00. Futures for the Nasdaq 100 index rose 18 points to 4,746.75.
Oil prices traded higher as Brent crude futures rose 1.26 percent to trade at $46.43 per barrel, while US WTI crude futures also
rose 1.02 percent to trade at $44.60 a barrel. The Energy Information Administration’s weekly report on natural gas stocks is
schedule for release at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.30 percent, STOXX Europe 600 Index gaining 0.31 percent
and German DAX 30 index gaining 0.27 percent. The UK's FTSE index was trading higher by 0.24 percent, while French CAC 40 Index
rose 0.05 percent. The eurozone's trade surplus narrowed to 20 billion euros ($22.5 billion) in July, versis EUR23.8 billion in
June. U.K. retail sales declined 0.2 percent in August from July.
In Asian markets, Japan’s Nikkei Stock Average fell 1.26 percent, Hong Kong’s Hang Seng Index rose 0.63 percent, China’s
Shanghai Composite Index declined 0.68 percent and India’s BSE Sensex rose 0.14 percent.
Broker Recommendation
Analysts at Oppenheimer upgraded Dicks Sporting Goods Inc (NYSE: DKS) from Market Perform to Outperform.
Dick's Sporting shares rose 0.78 percent to $59.11 in pre-market trading.
Breaking news
-
Aerie Pharmaceuticals Inc (NASDAQ: AERI) surged
more than 58 percent in pre-market trading on news about its Phase 3 study of Roclatan having met its primary efficacy
endpoint. To read the full news, click
here.
-
Apogee Enterprises Inc (NASDAQ: APOG) reported
better-than-expected Q2 results and boosted its fiscal 2017 outlook.
-
Student Transportation Inc (NASDAQ: STB) posted
stronger-than-expected results for its fourth quarter on Wednesday.
-
AcelRx Pharmaceuticals Inc (NASDAQ: ACRX)
disclosed that its investigational product candidate ARX-04 provided solid tolerance level in an open-label Phase three trial
for post operative acute pain treatment. This included elderly patients, as well as, organ impairment. The company also lowered
its FY16 earnings outlook. To read the full news, click
here.
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