U.S. PRE-MARKET INDICATORS
-Dow Jones Industrial futures up 63 points.
-S&P 500 futures up 7 points.
-Nasdaq 100 futures up 17 points.
-Nasdaq Pre-Market Indicator up 10.33 at 2,338.20
Nikkei down 0.3%
Hang Seng up 0.6%.
Shanghai Composite up 1.1%.
FTSE-100 up 0.6%
PRE-MARKET SECTOR WATCH
(+,-) Large cap tech: mixed
(+) Chip stocks: mostly higher
(+,-) Software stocks: mixed
(+,-) Internet stocks: mixed
(-,+) Drug stocks: mixed
(+) Financial stocks: firmer
(+,-) Retail stocks: mixed
(+,-) Industrial stocks: mixed
(-) Airlines: mostly lower
(+) ORCH (+38%) to be sold for $2.80 per share.
(+) ZUMZ (+4%) upgraded.
(+) IMMU (+3.8%) gains on colon cancer trial results.
(+) LRAD (+7.1%) sets record sales.
(+) LZB (+10%) upgraded.
(+) NTWK (+9.8%) inks contract.
(+) FRPT (+4.2%) secures new order.
(+) OPTR (+6.9%) inks promotion pact with Cubist Pharma.
(+) BRCM (+2.4%) upgraded.
(+) BCS (+3%) upgraded.
(-) KRC (-2%) selling shares.
(-) AMSC (-41%) warns for loss after undeliverable order; downgraded.
(-) CEPH (-1%) rejects Valeant offer.
(-) MON (-1.1%) gains then falls; beats with Q2 EPS but misses with sales.
Stock futures continue to indicate a firmer start. Commodities are
in focus. Gold is carving out new record highs above $1,460 an ounce,
with silver at 31-year highs and oil above $108 a barrel. The euro is
hitting a 15-month high against a generally weaker dollar. Leading stock
averages ended little changed Tuesday after the blue-chip Dow hit its
highest closing level in nearly three years on Monday.
Gold, silver and mining exchange-traded funds, plus individual
mining shares, are drawing added interest as gold futures touched a new
record high Wednesday and silver hit a fresh 31-year high. Oil is also
trading above $108.50 a barrel.
Gold for June delivery is up $8 or 0.6% at $1,461 an ounce on
Globex. On Tuesday, the metal hit its previous record top of $1,455.50
in New York. Benchmark silver futures also broke new ground, with the
contract for May delivery gaining 20 cents or 0.5% to $39.40.
Silver prices are up more than 27% this year, while gold prices are
i On The Market - Daily Newsletter
Every trading day, be ready to attack the market instead of reacting to the market.
You will know where the key technical resistance and support levels are and what the market is likely to do next. iStock will arm you with a target list of stocks to buy and sell - right now - based on our exclusive, proprietary trading models.
Two Week FREE Trial