Pre-open movers
U.S. stock futures traded higher in early pre-market trade. Data on durable goods orders for July will be released at 8:30 a.m.
ET. Federal Reserve Chair Janet Yellen is set to speak at Federal Reserve Bank of Kansas City Economic Symposium in Jackson Hole at
10:00 a.m. ET.
Futures for the Dow Jones Industrial Average gained 33 points to 21,819.00, while the Standard & Poor’s 500 index futures rose 5
points to 2,445.75. Futures for the Nasdaq 100 index climbed 17 points to 5,857.50.
Oil prices traded higher as Brent crude futures rose 0.63 percent to trade at $52.37 per barrel, while US WTI crude futures
gained 0.63 percent to trade at $47.73 a barrel. The Baker Hughes North American rig count report for the latest week is schedule
for release at 1:00 p.m. ET.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index gaining 0.48 percent, STOXX Europe 600 Index rising 0.43 percent
and German DAX 30 index gaining 0.44 percent. The UK's FTSE index was trading higher by 0.39 percent, while French CAC 40 Index
rose 0.37 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.51 percent, Hong Kong’s Hang Seng Index gained 1.20 percent, China’s
Shanghai Composite Index climbed 1.83 percent and India’s BSE Sensex rose 0.09 percent.
Broker Recommendation
Analysts at RBC Capital upgraded Transocean LTD (NYSE: RIG) from Underperform to Sector Perform.
Transocean shares rose 1.04 percent to $7.78 in pre-market trading.
Breaking news
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GameStop Corp. (NYSE: GME) reported
weaker-than-expected earnings for its second quarter.
-
Broadcom Ltd (NASDAQ: AVGO) reported
stronger-than-expected earnings for its second quarter.
-
Ulta Beauty Inc (NASDAQ: ULTA) posted upbeat
earnings for its second quarter on Thursday.
-
Splunk Inc (NASDAQ: SPLK) reported
stronger-than-expected results for its second quarter and raised its sales outlook.
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