Futures Higher as S&P 500 On Track to Hit 2,000; New Home Sales, Dallas Fed Manufacturing Still Ahead

By
A A A

U.S. stock futures were pointing higher, with the S&P 500 on track to hit 2,000, as M&A news helped lift market sentiment. Both Burger King ( BKW ) and Canada's Tim Hortons (THI, THI.TO) were higher after announcing their plans for a possible merger of their businesses; InterMune ( ITMN ) was also climbing in pre-market trading following its deal to be bought by Roche.

In economic data, new home sales for July will be released at 10 am ET, and are expected to increase to a 430,000 (consensus range 415,000 to 455,000) unit pace from a 406,000 unit pace in June. The Dallas Fed manufacturing survey will be reported at 10:30 am ET.

European stocks were also ticking higher, encouraged by comments by European Central Bank President Mario Draghi during last week's conference at Jackson Hole, Wyo. Draghi had suggested that further stimulus could be given to the region.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: BKW , ITMN

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stuck
Stuck                               
Yoga Surfer
Yoga Surfer                         

Stocks

Referenced

Most Active by Volume

89,851,277
  • $17.05 ▲ 0.12%
61,694,953
  • $39.05 ▲ 1.03%
61,622,467
  • $102.64 ▲ 1.56%
56,476,509
  • $3.48 ▼ 1.14%
49,282,352
  • $5.31 ▲ 3.91%
37,301,083
  • $87.17 ▼ 3.03%
36,192,897
  • $78.29 ▲ 1.94%
33,401,171
  • $38.83 ▼ 1.89%
As of 9/23/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com