Pre-open movers
U.S. stock futures traded slightly higher in early pre-market trade. The Chicago Fed National Activity Index for April is
schedule for release at 8:30 a.m. ET. Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Minneapolis at
10:00 a.m. ET. Philadelphia Federal Reserve Bank President Patrick Harker will speak in Philadelphia at 10:00 a.m. ET, while
Federal Reserve Governor Lael Brainard is set to speak in Minneapolis at 7:00 p.m. ET. Chicago Federal Reserve Bank President
Charles Evans is set to speak in Shanghai China at 9:10 p.m. ET.
Futures for the Dow Jones Industrial Average climbed 11 points to 20,798.00, while the Standard & Poor’s 500 index futures rose
0.50 points to 2,382.00. Futures for the Nasdaq 100 index gained 4.75 points to 5,658.00.
Oil prices traded higher as Brent crude futures rose 0.86 percent to trade at $54.07 per barrel, while US WTI crude futures
gained 0.89 percent to trade at $50.78 a barrel.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 0.30 percent, STOXX Europe 600 Index declining
0.10 percent and German DAX 30 index dropping 0.40 percent. The UK's FTSE index was trading higher by 0.47 percent, while French
CAC 40 Index climbed 0.03 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.45 percent, Hong Kong’s Hang Seng Index rose 0.86 percent, China’s
Shanghai Composite Index declined 0.48 percent and India’s BSE Sensex rose 0.35 percent.
Broker Recommendation
Analysts at JP Morgan upgraded QUALCOMM, Inc. (NASDAQ: QCOM) from Neutral to Overweight.
Qualcomm shares rose 1.53 percent to $58.55 in pre-market trading.
Breaking news
-
Huntsman Corporation (NYSE: HUN) and Switzerland’s
Clariant AG (OTC: CLZNY) are near reaching a deal
to merge in an all-stock transaction, according to a report from the Wall Street Journal on Sunday. The deal could be announced
on Monday, sources said.
-
Nutraceutical Int'l Corp. (NASDAQ: NUTR) agreed
to be acquired by HGGC for $41.80 per share in cash.
-
Booz Allen Hamilton Holding Corporation (NYSE: BAH)
posted better-than-expected results for its fourth quarter.
-
Ford Motor Co (NYSE: F) will report the departure of
its CEO Mark Fields, the Wall Street Journal reported. Ford is reportedly replacing Mark Fields with Jim Hackett.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.