Pre-open movers
U.S. stock futures traded higher in early pre-market trade. The manufacturing PMI for September is schedule for release at 9:45
a.m. ET. The ISM manufacturing index for September and data on construction spending for August will be released at 10:00 a.m. ET.
Dallas Federal Reserve Bank President Robert Kaplan is set to speak in El Paso, Texas at 2:00 p.m. ET.
Futures for the Dow Jones Industrial Average climbed 40 points to 22,386.00, while the Standard & Poor’s 500 index futures rose
3.50 points at 2,519.50. Futures for the Nasdaq 100 index gained 12.75 points to 5,995.25.
Oil prices traded higher as Brent crude futures fell 1.29 percent to trade at $56.06 per barrel, while US WTI crude futures
dropped 1.43 percent to trade at $50.93 a barrel.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index falling 1.44 percent, STOXX Europe 600 Index rising 0.28
percent and German DAX 30 index gaining 0.29 percent. The UK's FTSE index was trading higher by 0.56 percent, while French CAC 40
Index rose 0.06 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.22 percent, Hong Kong’s Hang Seng Index rose 0.48 percent, China’s
Shanghai Composite Index gained 0.28 percent and India’s BSE Sensex rose 0.01 percent.
Broker Recommendation
Analysts at Jefferies downgraded PepsiCo, Inc. (NYSE: PEP) from Buy to Hold.
PepsiCo shares fell 0.55 percent to $110.82 in pre-market trading.
Breaking news
-
Seattle Genetics (NASDAQ: SGEN) disclosed that it
has received the FDA Breakthrough Therapy Designation for ADCETRIS in frontline advanced Hodgkin lymphoma.
- Shares of Nordstrom, Inc. (NYSE: JWN) dropped over
6 percent in pre-market trading following NY Post report that talks to take the company private may fall apart.
-
Rockwell Collins, Inc. (NYSE: COL) agreed to sell
Wilkens Weather Technologies to DTN.
-
Magna International Inc. (USA) (NYSE: MGA) reported
the settlement of KS Centoco litigation.
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