Pre-open movers
U.S. stock futures traded higher in early pre-market trade. The manufacturing PMI for February is schedule for release at 9:45
a.m. ET. Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Golden Valley, Minn. at 8:50 a.m. ET, while
Philadelphia Federal Reserve Bank President Patrick Harker will speak in Philadelphia at 12:00 p.m. ET. San Francisco Federal
Reserve Bank President John Williams is set to speak in Boise, Id. at 3:30 p.m. ET.
Futures for the Dow Jones Industrial Average climbed 70 points to 20,658.00, while the Standard & Poor’s 500 index futures rose
5 points to 2,353.00. Futures for the Nasdaq 100 index gained 11 points to 5,337.25.
Oil prices traded higher as Brent crude futures gained 1.57 percent to trade at $57.06 per barrel, while US WTI crude futures
rose 1.67 percent to trade at $54.68 a barrel.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index rising 0.19 percent, STOXX Europe 600 Index gaining 0.31
percent and German DAX 30 index gaining 0.58 percent. The UK's FTSE index was trading lower by 0.16 percent, while French CAC 40
Index rose 0.30 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.68 percent, Hong Kong’s Hang Seng Index declined 0.76 percent, China’s
Shanghai Composite Index climbed 0.41 percent and India’s BSE Sensex rose 0.35 percent.
Broker Recommendation
Analysts at JP Morgan downgraded Bloomin' Brands Inc (NASDAQ: BLMN) from Overweight to Neutral.
Bloomin Brands shares fell 0.80 percent to $18.71 in pre-market trading.
Breaking news
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Wal-Mart Stores Inc (NYSE: WMT) reported
better-than-expected earnings for its fourth quarter on Tuesday.
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Home Depot Inc (NYSE: HD) reported upbeat results for
its fourth quarter.
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Delta Natural Gas Company, Inc. (NASDAQ: DGAS)
agreed to be acquired by Peoples Gas for $30.50 per share in cash.
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Lumber Liquidators Holdings Inc (NYSE: LL) reported a
narrower-than-expected loss for its fourth quarter.
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