Pre-open movers
U.S. stock futures traded slightly higher in early pre-market trade. Retailers such as Amazon.com Inc. (NASDAQ: AMZN), Wal-Mart Stores Inc. (NYSE: WMT) and Macy’s Inc. (NYSE: M) will be in focus on Black Friday. The flash Composite Purchasing Managers' Index for
November is schedule for release at 9:45 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 27 points to 23,512.00, while the Standard & Poor’s 500 index futures
gained 4.50 points to 2,599.00. Futures for the Nasdaq 100 index rose 5.50 points to 6,395.00. US stock markets will close early at
1 p.m. ET.
Oil prices traded higher as Brent crude futures rose 0.17 percent to trade at $63.66 per barrel, while US WTI crude futures
gained 1.09 percent to trade at $58.65 a barrel.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index rising 0.92 percent, STOXX Europe 600 Index climbing 0.21
percent and German DAX 30 index gaining 0.28 percent. The UK's FTSE index was trading lower by 0.15 percent, while French CAC 40
Index rose 0.61 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.12 percent, Hong Kong’s Hang Seng Index climbed 0.53 percent, China’s
Shanghai Composite Index surged 0.06 percent and India’s BSE Sensex climbed 0.27 percent.
Broker Recommendation
Analysts at Deutsche Bank upgraded Deere & Company (NYSE: DE) from Hold to Buy.
Deere shares rose 4.21 percent to close at $145.25 on Wednesday.
Breaking news
-
Medigus Ltd. (NASDAQ: MDGS) priced its 810,000
American depositary shares offering at $2 per ADS.
-
Davita Inc (NYSE: DVA) is exploring the sale of
Physician Network business for up to $4 billion, Reuters reported.
-
Bayer AG (ADR) (OTC: BAYRY) disclosed that its
Phase 3 Amikacin Inhale did not meet primary or key secondary endpoints.
-
Timkensteel Corp (NYSE: TMST) and the United
Steelworkers reported a tentative agreement for new 4-year labor contract.
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