U.S. stock futures traded higher in early pre-market trade, ahead of earnings from Citigroup Inc C. The Empire State manufacturing index for January is schedule for release at 8:30 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 205 points to 26,006.00, while the Standard & Poor’s 500 index futures rose 10.50 points to 2,799.25. Futures for the Nasdaq 100 index gained 35.50 points to 6,810.75.
Oil prices traded lower as Brent crude futures fell 1.14 percent to trade at $69.46 per barrel, while US WTI crude futures dropped 0.51 percent to trade at $63.97 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index gaining 0.50 percent, STOXX Europe 600 Index climbing 0.20 percent and German DAX 30 index gaining 0.87 percent. The UK’s FTSE index was trading lower by 0.13 percent, while French CAC 40 Index rose 0.16 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 1 percent, Hong Kong’s Hang Seng Index climbed 1.81 percent, China’s Shanghai Composite Index rose 0.77 percent and India’s BSE Sensex dropped 0.21 percent.
Analysts at Wells Fargo downgraded Rockwell Collins, Inc. COL from Outperform to Market Perform.
Rockwell Collins shares rose 0.03 percent to close at $137.83 on Friday.
- Bank Of The Ozarks Inc OZRKreported in-line earnings for its fourth quarter, while sales exceeded estimates.
- Inspired Entertainment IncINSE reported a secondary offering of 4.5 million shares.
- Comerica Incorporated CMAreported upbeat earnings for its fourth quarter.
- UnitedHealth Group Inc BLKreported stronger-than-expected profit for its fourth quarter and raised its 2018 earnings outlook.