U.S. stock futures traded higher in early pre-market trade. The housing market index for September will be released at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 48 points to 26,150, while the Standard & Poor’s 500 index futures traded rose 4.75 points to 2,900.75. Futures for the Nasdaq 100 index gained 17 points to 7,482.00.
Oil prices traded higher as Brent crude futures rose 1.22 percent to trade at $79.00 per barrel, while US WTI crude futures gained 1.18 percent to trade at $69.72 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.18 percent, STOXX Europe 600 Index climbing 0.08 percent and German DAX 30 index gained 0.13 percent. The UK’s FTSE index was trading higher by 0.15 percent, while French CAC 40 Index rose 0.21 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 1.41 percent, Hong Kong’s Hang Seng Index rose 0.56 percent, China’s Shanghai Composite Index climbed 1.82 percent and India’s BSE Sensex dipped 0.78 percent.
Analysts at Pivotal Research downgraded Discovery Communications Inc. DISCA from Hold to Sell.
Discovery shares fell 1.97 percent to $31.39 in pre-market trading.
- AutoZone, Inc.AZO reported better-than-expected earnings for its fourth quarter.
- General Mills, Inc. GISreported upbeat earnings for its first quarter, while sales missed views.
- Oracle CorporationORCL reported upbeat earnings for its first quarter, while sales missed estimates. The company also announced it was adding $12 billion to its buyback plan.
- Univar IncUNVR announced plans to acquire Nexeo Solutions Inc NXEO in a cash and stock transaction valued at $11.65 per share.