U.S. stock futures traded higher in early pre-market trade, ahead of earnings reports from companies. The Chicago Fed National Activity Index for September is schedule for release at 8:30 a.m. ET.
Futures for the Dow Jones Industrial Average surged 88 points to 25,516, while the Standard & Poor’s 500 index futures traded gained 9.75 points to 2,777.25. Futures for the Nasdaq 100 index climbed 48.5 points to 7,155.00.
Oil prices traded higher as Brent crude futures rose 0.29 percent to trade at $80.01 per barrel, while US WTI crude futures rose 0.32 percent to trade at $69.34 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.43 percent, STOXX Europe 600 Index climbing 0.39 percent and German DAX 30 index surged 0.55 percent. The UK’s FTSE index was trading higher by 0.63 percent, while French CAC 40 Index rose 0.29 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.37 percent, Hong Kong’s Hang Seng Index rose 2.32 percent, China’s Shanghai Composite Index climbed 4.09 percent and India’s BSE Sensex fell 0.53 percent.
Analysts at Nomura upgraded Intel Corporation INTC from Neutral to Buy.
Intel shares rose 1.57 percent to $44.69 in pre-market trading.
- Polaris Industries Inc. PIIreported upbeat earnings for its third quarter.
- Regeneron Pharmaceuticals IncREGN disclosed that the FDA has approved asthma indication for Dupixent.
- Hasbro, Inc. HASreported weaker-than-expected results for its third quarter.
- Halliburton Company HALreported upbeat results for its third quarter.