U.S. stock futures traded higher in early pre-market trade. Data on personal income and consumer spending for September will be released at 8:30 a.m. ET. The Dallas Fed manufacturing index for October is schedule for release at 10:30 a.m. ET. Chicago Federal Reserve Bank President Charles Evans is set to speak in Chicago at 9:45 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 106 points to 24,852, while the Standard & Poor’s 500 index futures traded rose 21.4 points to 2,691.00. Futures for the Nasdaq 100 index rose 73.5 points to 6,966.75.
Oil prices traded lower as Brent crude futures fell 0.46 percent to trade at $77.26 per barrel, while US WTI crude futures fell 0.41 percent to trade at $67.31 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 1.22 percent, STOXX Europe 600 Index surging 1.26 percent and German DAX 30 index gained 1.99 percent. The UK’s FTSE index was trading higher by 1.59 percent, while French CAC 40 Index rose 0.26 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.16 percent, Hong Kong’s Hang Seng Index rose 0.38 percent, China’s Shanghai Composite Index slipped 2.18 percent and India’s BSE Sensex rose 2.15 percent.
Analysts at Goldman Sachs upgraded Ford Motor Company F from Neutral to Buy and raised the price target from $9 to $12.
Ford shares rose 3.23 percent to $9.27 in pre-market trading.
- Booz Allen Hamilton Holding Corporation BAHreported upbeat earnings for its second quarter, while sales missed views.
- IBM Common StockIBM announced plans to acquire Red Hat Inc RHT in a $34 billion deal, including debt.
- Dana Inc DANreported better-than-expected earnings for its third quarter.
- ON Semiconductor Corp ONreported upbeat earnings for its third quarter.