Pre-open movers
U.S. stock futures traded mostly up in early pre-market trade. The NFIB small business optimism index for March is scheduled for
release at 6:00 a.m. ET. The Johnson Redbook Retail Sales Index for the latest week will be released at 8:55 a.m. ET. The Labor
Department's JOLTS report for February is scheduled for release at 10:00 a.m. ET. The Treasury is set to auction 4-week bills at
11:30 a.m. ET. The Treasury will auction 3-year notes at 1:00 p.m. ET.
Futures for the Dow Jones Industrial Average rose 1.92 points to 20,665.02, while the Standard & Poor's 500 index futures was up
1.62 points to 2,357.16. Futures for the Nasdaq 100 index rose 13.11 points to 5,880.93.
Oil prices traded down as Brent crude futures lost 0.13 percent to trade at $55.91 per barrel, while US WTI crude futures also
fell 0.13 percent to trade at $3.01 a barrel.
A Peek Into Global Markets
European markets were mostly up today, with the Spanish Ibex Index rising 0.05 percent, STOXX Europe 600 Index up 0.13 percent
and German DAX 30 index down 0.10 percent. The UK's FTSE index also traded lower by 0.23 percent, while French CAC 40 Index gained
0.09 percent.
In the Asian markets, Japan's Nikkei Stock Average declined 0.27 percent, Hong Kong's Hang Seng Index was down 0.72 percent,
China's Shanghai Composite Index rose 0.60 percent and India's BSE Sensex was up 0.72 percent.
Broker Recommendation
Analysts at Goldman Sachs upgraded Amazon.com, Inc. (NASDAQ: AMZN) from Hold to Buy, with a price target of $1,000.
Amazon shares rose 1.36 percent to close at $907.04 on Monday.
Breaking news
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United Continental Holdings Inc (NYSE: UAL) shares
threatened to fall 5 percent in early premarket trading, with the airline continuing to face criticism regarding the passenger
who was forcibly de-boarded from an aircraft on Sunday.
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Advanced Micro Devices, Inc. (NASDAQ: AMD) shares
declined sharply by 3.11 percent to the bottom of the S&P 500 on Monday, as compared to the 0.07 percent rise in the
S&P 500. The shares closed at $13.10 on Monday.
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Sunoco LP (NYSE: SUN) has entered into an agreement
to sell more than 1,00 gas stations and convenience stores to the parent company of 7-Eleven.
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PICO Holdings Inc (NASDAQ: PICO) announced that
UCP Inc (NYSE: UCP), its majority owned subsidiary,
has entered into an agreement to merge with Century Communities, Inc (NYSE: CCS) in a stock and cash transaction.
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AMC Entertainment Holdings Inc (NYSE: AMC) announced
the launch of AMC Feature Fare, a menu innovation by the company. This innovation will be launched across both AMC and AMC
Classic theaters. AMC Entertainment said that it would revamp 400 theaters into Feature Fare venues with the full menu.
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