Pre-open movers
U.S. stock futures traded higher in early pre-market trade. Futures for the Dow Jones Industrial Average climbed 56 points to
25,137.00, while the Standard & Poor’s 500 index futures rose 6.25 points to 2,712.50. Futures for the Nasdaq 100 index surged 22
points to 6,938.00.
Oil prices traded lower as Brent crude futures fell
0.4 percent to trade at $61.85 per barrel, while US WTI crude futures fell 0.9 percent to trade at $52.23 a barrel. The Baker
Hughes North American rig count report for the latest week is will be released at 1:00 p.m. ET.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.84 percent, STOXX Europe 600 Index gaining 0.67 percent
and German DAX 30 index gained 0.77 percent. The UK's FTSE index was trading higher by 0.29 percent, while French CAC 40 Index
gained 0.83 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 2.01 percent, Hong Kong’s Hang Seng Index gained 0.71 percent, China’s
Shanghai Composite Index rose 1.36 percent and India’s BSE Sensex slipped 0.41 percent.
Broker Recommendation
Analysts at Canaccord Genuity upgraded Tesla Inc (NASDAQ: TSLA) from Hold to Buy.
Tesla shares rose 2.2 percent to $312.62 in pre-market trading.
Breaking News
-
Ingersoll-Rand PLC (NYSE: IR) announced
plans to acquire Precision Flow Systems from The Carlyle Group LP (NASDAQ: CG) for $1.45 billion.
-
Restaurant Brands International Inc (NYSE: QSR) reported stronger-than-expected results for its fourth quarter.
- According to a Financial Times report, Smith & Nephew is in talks to buy NuVasive, Inc. (NASDAQ: NUVA) for over $3 billion.
-
Morgan Stanley (NYSE: MS) announced plans
to acquire Solium Capital for C$19.15 per share.
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