Pre-open movers
U.S. stock futures traded higher in early pre-market trade. The Producer Price Index for February, data on retail sales for
February and business inventories for January will be released at 8:30 a.m. ET.
Futures for the Dow Jones Industrial Average gained 81 points to 25,103.00, while the Standard & Poor’s 500 index futures rose 7
points to 2,775.00. Futures for the Nasdaq 100 index rose 29.75 points to 7,086.25.
Oil prices traded higher as Brent crude futures rose 0.53 percent to trade at $64.98 per barrel, while US WTI crude futures
gained 0.61 percent to trade at $61.08 a barrel. The Energy Information Administration’s weekly report on petroleum inventories is
schedule for release at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.12 percent, STOXX Europe 600 Index gaining 0.26 percent
and German DAX 30 index gaining 0.17 percent. The UK's FTSE index was trading higher by 0.23 percent, while French CAC 40 Index
rose 0.27 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.87 percent, Hong Kong’s Hang Seng Index declined 0.53 percent, China’s
Shanghai Composite Index slipped 0.57 percent and India’s BSE Sensex slipped 0.06 percent.
Broker Recommendation
Analysts at Vertical Group downgraded Cleveland-Cliffs Inc (NYSE: CLF) from Hold to Sell.
Cleveland-Cliffs shares fell 0.96 percent to $7.22 in pre-market trading.
Breaking news
-
Express, Inc. (NYSE: EXPR) reported
better-than-expected results for its fourth quarter.
-
Caleres Inc (NYSE: CAL) reported
stronger-than-expected results for its fourth quarter.
-
Signet Jewelers Ltd. (NYSE: SIG) reported upbeat
earnings for its fourth quarter, but issued weak earnings forecast for FY19.
-
PetIQ Inc (NASDAQ: PETQ) disclosed that it will
open Veterinary clinics in 20 WalMart locations over the next 90 days. PetIQ reported a Q4 loss of $3.3 million on revenue of
$51.9 million.
© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.