Pre-open movers
U.S. stock futures traded higher in early pre-market trade, ahead of earnings from Goldman Sachs Group Inc (NYSE:
GS) and Yahoo! Inc. (NASDAQ: YHOO). The Consumer Price Index for September is schedule for release at 8:30 a.m.
ET, while the housing market index for October will be released at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 73 points to 18,086.00, while the Standard & Poor’s 500 index futures gained
10.50 points to 2,133.50. Futures for the Nasdaq 100 index surged 27.50 points to 4,830.75.
Oil prices traded higher as Brent crude futures gained 0.80 percent to trade at $51.93 per barrel, while US WTI crude futures
also rose 0.81 percent to trade at $50.78 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 1 percent, STOXX Europe 600 Index surging 1.22 percent
and German DAX 30 index gaining 1.12 percent. The UK's FTSE index was trading higher by 1.07 percent, while French CAC 40 Index
climbed 1.17 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.38 percent, Hong Kong’s Hang Seng Index gained 1.55 percent, China’s
Shanghai Composite Index rose 1.40 percent and India’s BSE Sensex climbed 1.89 percent.
Broker Recommendation
Analysts at Barclays upgraded Intel Corporation (NASDAQ: INTC) from Equal-Weight to Overweight and raised the price target from $38.00 to
$45.00.
Intel shares rose 1.69 percent to $37.92 in pre-market trading.
Breaking news
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Johnson & Johnson (NYSE: JNJ) delivered better than
expected results for the third quarter, as earnings and revenue came in above the Street estimates. To read the full news,
click here.
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Harley-Davidson Inc (NYSE: HOG) delivered in-line
EPS and revenue for the third quarter. The company maintained its shipment outlook for 2016. To read the full news, click here.
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Netflix, Inc. (NASDAQ: NFLX) reported
better-than-expected earnings for its third quarter and issued a strong outlook for the fourth quarter. Total U.S. streaming
members hit 47.5 million, and international streaming members, 39.2 million. Total streaming subs reached 86.74 million, with
3.57 million net additions. To read the full news, click
here.
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Philip Morris International Inc. (NYSE: PM) reported
upbeat earnings for its third quarter and lifted its quarterly dividend by 2 percent.
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