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
GLOBAL SENTIMENT
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
UPSIDE MOVERS
(+) 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.
DOWNSIDE MOVERS
(-) 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.
MARKET DIRECTION
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
up 2.3%.
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