Pre-open movers
U.S. stock futures traded mixed in early pre-market trade. Amazon.com, Inc. (NASDAQ: AMZN) will release earnings after the closing bell. The Challenger job-cut report
for January is schedule for release at 7:30 a.m. ET. Data on initial jobless claims for the latest week and consumer spending for
December will be released at 8:30 a.m. ET. The employment cost index for the fourth quarter is schedule for release at 8:30 a.m.
ET. The Chicago PMI for January will be released at 9:45 a.m. ET, while data on new home sales for November will be released at
10:00 a.m. ET.
Futures for the Dow Jones Industrial Average dropped 44 points to 24,924, while the Standard & Poor’s 500 index futures rose 1.5
points to 2,684.00. Futures for the Nasdaq 100 index climbed 28 points to 6,865.25.
Oil prices traded higher as Brent crude futures rose
0.57 percent to trade at $62.00 per barrel, while US WTI crude futures rose 0.07 percent to trade at $54.27 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 higher today, with the Spanish Ibex Index falling 0.22 percent, STOXX Europe 600 Index gaining 0.1 percent
and German DAX 30 index gained 0.11 percent. The UK's FTSE index was trading higher by 0.5 percent, while French CAC 40 Index rose
0.28 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 1.06 percent, Hong Kong’s Hang Seng Index gained 1.08 percent, China’s
Shanghai Composite Index rose 0.35 percent and India’s BSE Sensex climbed 1.87 percent.
Broker Recommendation
Analysts at Atlantic Equities upgraded Tiffany & Co. (NYSE: TIF) from Neutral to Overweight.
Tiffany shares rose 0.41 percent to close at $87.98 on Wednesday.
Breaking News
-
ConocoPhillips (NYSE: COP) reported
stronger-than-expected earnings for its first quarter.
-
Sherwin-Williams Co (NYSE: SHW) reported
weaker-than-expected earnings for its fourth quarter.
-
General Electric Company (NYSE: GE)
reported weaker-than-expected earnings for its fourth quarter, while sales exceeded estimates.
-
Facebook, Inc. (NASDAQ: FB) reported
stronger-than-expected results for its fourth quarter.
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