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U.S. Stocks Headed Higher As Chinese Data, Banking Pact Shore Up Confidence in Global Economy

 September 13, 2010 09:15 AM
 

U.S. PRE-MARKET INDICATORS

-Dow Industrial futures up 87 points.

-S&P 500 futures up 8 points.

-Nasdaq 100 up 15 points.

-Nasdaq-100 Pre-Market Indicator Up 10.90 at 1903.24.

GLOBAL SENTIMENT

Nikkei up 1.6%

Hang Seng up 0.4%

FTSE-100 up 0.1%

PRE-MARKET SECTOR WATCH

(+) Large cap tech: firmer

(+) Chip stocks: firmer

(+) Software stocks: firmer

(+) Internet stocks: firmer

(+,-) Drug stocks: mixed

(+) Financial stocks: higher

(+,-) Industrial stocks: mixed

(+,-) Auto stocks: mixed

(+,-) Airline stocks: mixed

(+) Retail stocks: firmer

UPSIDE MOVERS

(+) ARST (+26.2%) confirms earlier reports of deal with HPQ (+0.4%) for $43.50 a share.

(+) DTG (+6.1%) gets revised $50 offer from Hertz: WSJ.

(+) CYCC (+26.7%) inks FDA agreement for SPA design for Sapacitabine trial in AML.

(+) ACTU (+1.4%) upgraded.

(+) INCY (+3%) gets FDA special protocol assessment in Polycythemia Vera.

(+) OPEN (+4%) upgraded.

(+) INO (+14%) jumps on positive study data.

(+) MA (+0.5%) upgraded.

(+) V (+0.4%) upgraded.

(+) AONE (+9.7%) opens lithium battery plant.

(+) XRX (+7%) gains on favorable Barron's cover piece.

(+) GTSI (+33%) jumps as Eyak stands by $7 per share offer.

(+) GERN (+2%) get license for deriving cartilage from human embryonic stem cells.

(+) NOK (+2%) gets upgrade, mobile solutions head to leave.

(+) SNTS (+6.3%) adds drug candidates to pipeline.

DOWNSIDE MOVERS

(-) SGEN (-0.2%) says lintuzumab trial does not meet primary endpoint.

(-) INT (-1.6%) selling shares.

(-) AZO (-1%) downgraded.

MARKET DIRECTION

U.S. stocks and commodities look to join their global counterparts in robust trade Monday, lifted by upbeat Chinese economic data and new global rules on bank capital requirements.


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