Pre-open movers
U.S. stock futures traded slightly higher in early pre-market trade.
Data on durable goods orders for January and the Producer Price Index for February will be released at 8:30 a.m. ET. Data on
construction spending for January and e-commerce retail sales for the fourth quarter will be released at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average gained 21 points to 25,572.00, while the Standard & Poor’s 500 index futures rose
4.75 points to 2,796.75. Futures for the Nasdaq 100 index rose 13.25 points to 7,220.25.
Oil prices traded higher as Brent crude futures rose
0.7 percent to trade at $67.11 per barrel, while US WTI crude futures rose 1 percent to trade at $57.43 a barrel. The Energy
Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index rising 0.3 percent, STOXX Europe 600 Index climbing 0.2
percent and German DAX 30 index dropped 0.1 percent. The UK's FTSE index was trading higher by 0.1 percent, while French CAC 40
Index gained 0.3 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.99 percent, Hong Kong’s Hang Seng Index declined 0.39 percent, China’s
Shanghai Composite Index fell 1.09 percent and India’s BSE Sensex rose 0.58 percent.
Broker Recommendation
Analysts at Goldman Sachs upgraded Carnival Corp (NYSE: CCL) from Neutral to Buy.
Carnival shares rose 1.8 percent to $56.25 in pre-market trading.
Breaking News
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HEXO Corp (NYSE: HEXO) announced plans
to acquire Newstrike Brands Ltd. for $263 million.
-
Express, Inc. (NYSE: EXPR) reported
upbeat earnings for its fourth quarter, while sales missed views. The company also issued weal forecast for the first quarter.
-
Speedway Motorsports, Inc. (NYSE: TRK)
reported downbeat results for its fourth quarter and issued weak FY19 outlook.
-
Switch Inc (NYSE: SWCH) reported upbeat
earnings for its fourth quarter, while sales missed estimates. The company issued weak full-year 2019 sales forecast.
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