Pre-open movers

U.S. stock futures traded higher in early pre-market trade. Futures for the Dow Jones Industrial Average climbed 44 points to 25,802.00, while the Standard & Poor’s 500 index futures traded rose 4.25 points to 2,862.75. Futures for the Nasdaq 100 index climbed 13.75 points to 7,401.50.

Oil prices traded higher as Brent crude futures rose 0.18 percent to trade at $72.34 per barrel, while US WTI crude futures climbed 0.74 percent to trade at $66.92 a barrel.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 1.06 percent, STOXX Europe 600 Index surging 0.33 percent and German DAX 30 index climbing 0.64 percent. The UK’s FTSE index was trading lower by 0.12 percent, while French CAC 40 Index rose 0.77 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.32 percent, Hong Kong’s Hang Seng Index rose 1.41 percent, China’s Shanghai Composite Index jumped 1.11 percent and India’s BSE Sensex jumped 0.02 percent.

Broker Recommendation

Analysts at Jefferies upgraded Discovery Communications Inc. DISCA from Hold to Buy.

Discovery shares rose 2.26 percent to $28.55 in pre-market trading.

Breaking News

  • Medtronic PLC MDTreported better-than-expected earnings for its first quarter.
  • Kohl’s Corporation KSSreported stronger-than-expected results for its second quarter and raised its FY18 forecast.
  • J M Smucker Co SJMreported downbeat sales for its first quarter and lowered its FY19 sales outlook.
  • FabrinetFN reported better-than-expected earnings for its fourth quarter and issued strong Q1 guidance.