Pre-open movers
U.S. stock futures traded higher in early pre-market trade following news that the Federal Bureau of Investigation has cleared
Hillary Clinton on the emails. The Labor Market Conditions Index for October will be released at 10:00 a.m. ET. Chicago Federal
Reserve Bank President Charles Evans is set to speak in Chicago at 2:45 p.m. ET.
Futures for the Dow Jones Industrial Average jumped 225 points to 18,024.00, while the Standard & Poor’s 500 index futures
gained 27.25 points to 2,106.75. Futures for the Nasdaq 100 index climbed 68.75 points to 4,725.00.
Oil prices traded higher as Brent crude futures gained 1.25 percent to trade at $46.15 per barrel, while US WTI crude futures
also rose 1.38 percent to trade at $44.68 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 1.44 percent, STOXX Europe 600 Index climbing 1.22
percent and German DAX 30 index gaining 1.55 percent. The UK's FTSE index was trading higher by 1.37 percent, while French CAC 40
Index rose 1.62 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 1.61 percent, Hong Kong’s Hang Seng Index gained 0.70 percent, China’s
Shanghai Composite Index gained 0.26 percent and India’s BSE Sensex rose 0.68 percent.
Broker Recommendation
Analysts at Bank of America downgraded GoPro Inc (NASDAQ: GPRO) from Neutral to Underperform.
GoPro shares fell 6.53 percent to close at $11.16 on Friday.
Breaking news
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Rockwell Automation (NYSE: ROK) reported better than
expected results for the fourth quarter and offered upbeat outlook for the fiscal year 2017. To read the full news, click here.
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LendingClub Corp (NYSE: LC) reported a smaller loss
than analysts estimated for the third quarter. Similarly, revenue also came in above the estimates. To read the full news,
click here.
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Blue Nile Inc (NASDAQ: NILE) agreed to be
acquired by Bain Capital Private Equity and Bow Street LLC for approximately $500 million.
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Windstream Holdings, Inc. (NASDAQ: WIN) and
EarthLink Holdings Corp. (NASDAQ: ELNK) disclosed
that they have agreed to merge in an all-stock deal valued at around $1.1 billion, including debt.
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