Pre-open movers
U.S. stock futures traded higher in early pre-market trade. Data on initial jobless claims for the latest week and the Producer
Price Index for December will be released at 8:30 a.m. ET. The U.S. Treasury budget report for December will be released at 2:00
p.m. ET. New York Federal Reserve Bank President William Dudley is set to speak in New York at 3:30 p.m. ET.
Futures for the Dow Jones Industrial Average climbed 39 points to 25,380.00, while the Standard & Poor’s 500 index futures rose
4.75 points to 2,753.75. Futures for the Nasdaq 100 index climbed 12 points to 6,685.00.
Oil prices traded higher as Brent crude futures rose 0.38 percent to trade at $69.46 per barrel, while US WTI crude futures
gained 0.63 percent to trade at $63.97 a barrel. The Energy Information Administration’s weekly report on natural gas stocks in
underground storage is schedule for release at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index gaining 0.04 percent, STOXX Europe 600 Index declining
0.05 percent and German DAX 30 index dropping 0.13 percent. The UK's FTSE index was trading higher by 0.19 percent, while French
CAC 40 Index rose 0.04 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.26 percent, Hong Kong’s Hang Seng Index climbed 0.20 percent, China’s
Shanghai Composite Index rose 0.23 percent and India’s BSE Sensex gained 0.20 percent.
Broker Recommendation
Analysts at Morgan Stanley upgraded Expedia Inc (NASDAQ: EXPE) from Equal-Weight to Overweight.
Expedia shares fell 2.01 percent to close at $71.29 on Tuesday.
Breaking news
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Delta Air Lines, Inc. (NYSE: DAL) reported
better-than-expected results for its fourth quarter.
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Heritage Commerce Corp. (NASDAQ: HTBK) announced
plans to acquire United American Bank (OTC: UABK) in
a deal valued at around $44.2 million.
-
SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) announced plans to acquire DST Systems, Inc. (NYSE: DST) for $84 per share in cash.
-
KB Home (NYSE: KBH) reported stronger-than-expected
results for its fourth quarter.
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