Pre-open movers
U.S. stock futures traded higher in early pre-market trade. Futures for the Dow Jones Industrial Average climbed 94 points to
21,942.00, while the Standard & Poor’s 500 index futures rose 13.50 points to 2,453.50. Futures for the Nasdaq 100 index gained 31
points to 5,869.25.
Oil prices traded lower as Brent crude futures fell 0.84 percent to trade at $51.66 per barrel, while US WTI crude futures
dropped 0.68 percent to trade at $48.49 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 0.89
percent and German DAX 30 index gaining 1.13 percent. The UK's FTSE index was trading higher by 0.57 percent, while French CAC 40
Index rose 0.99 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.98 percent, Hong Kong’s Hang Seng Index climbed 1.36 percent, China’s
Shanghai Composite Index gained 0.90 percent and India’s BSE Sensex rose 0.75 percent.
Broker Recommendation
Analysts at Piper Jaffray upgraded Tempur Sealy International Inc (NYSE: TPX) from Neutral to Overweight.
Tempur Sealy shares rose 1.13 percent to $60.82 in pre-market trading.
Breaking news
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VF Corp (NYSE: VFC) announced plans to acquire
Williamson-Dickie for $820 million in cash and raised its FY17 guidance. To read the full news, click here.
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JD.Com Inc(ADR) (NASDAQ: JD) posted a wider net
loss for the second quarter. The company’s net loss attributable to shareholders widened to 496.4 million yuan ($74.43
million), versus 252.3 million yuan in the year-ago period. To read the full news, click
here.
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Andeavor Logistics LP (NYSE: ANDX) announced plans
to buy Western Refining Logistics LP (NYSE: WNRL) for a
total enterprise value of $1.8 billion. To read the full news, click here.
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Intuitive Surgical, Inc. (NASDAQ: ISRG) reported
a 3-for-1 stock split. To read the full news, click
here.
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