Pre-open movers
U.S. stock futures traded higher in early pre-market trade, ahead of earnings from Goldman Sachs Group Inc (NYSE:
GS). Data on industrial production for December will be released
at 9:15 a.m. ET, while the housing market index for January is schedule for release at 10:00 a.m. ET. The Federal Open Market
Committee will release its Beige Book report at 2:00 p.m. ET. Chicago Federal Reserve Bank President Charles Evans is set to speak
in Palm Beach, Florida at 3:00 p.m. ET, while Dallas Federal Reserve Bank President Robert Kaplan will speak in Palm Beach, Florida
at 3:15 p.m. ET. Cleveland Federal Reserve Bank President Loretta Mester is set to speak in New Brunswick, New Jersey at 4:30 p.m.
ET.
Futures for the Dow Jones Industrial Average climbed 145 points to 25,961.00, while the Standard & Poor’s 500 index futures rose
10 points to 2,792.50. Futures for the Nasdaq 100 index gained 24 points to 6,787.25.
Oil prices traded lower as Brent crude futures fell 0.54 percent to trade at $68.78 per barrel, while US WTI crude futures
dropped 0.44 percent to trade at $63.45 a barrel.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index dropping 0.53 percent, STOXX Europe 600 Index declining 0.03
percent and German DAX 30 index falling 0.23 percent. The UK's FTSE index was trading lower by 0.23 percent, while French CAC 40
Index slipped 0.07 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.35 percent, Hong Kong’s Hang Seng Index climbed 0.25 percent, China’s
Shanghai Composite Index rose 0.24 percent and India’s BSE Sensex climbed 0.89 percent.
Broker Recommendation
Analysts at Barclays upgraded International Business Machines Corp. (NYSE: IBM) from Underweight to Overweight.
IBM shares rose 1.74 percent to $166.70 in pre-market trading.
Breaking news
-
Verso Corp (NYSE: VRS) disclosed that it is
expanding strategic alternative considerations to include a potential merger or sale.
-
U.S. Bancorp (NYSE: USB) reported upbeat earnings
for its fourth quarter on Wednesday.
-
Juno Therapeutics Inc (NASDAQ: JUNO) shares
surged over 50 percent in pre-market trading after Dow Jones reported Celgene Corporation is in talks to buy the company. A
Juno spokesperson said the company doesn't comment on market rumors or speculation.
-
Fastenal Company (NASDAQ: FAST) reported
stronger-than-expected profit for its fourth quarter.
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