US Futures Gain After Crimea Vote; Earnings Season Ends With Mostly Beats

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U.S. futures moved higher after the non-violent vote in Ukraine's Crimea Sunday and as companies reported a slew of positive earnings at the tail-end of the earnings season. Investors are also this week looking ahead to the two-day meeting of the U.S. Federal Reserve starting Tuesday.

Economic data out today include March Empire state manufacturing index at 08:30 a.m., which was at 5.61, less than the 7.0 consensus, but up from 4.48 in February. February industrial production at 09:15 a.m. is expected to show a 0.3% increase compared to a 0.3% decline the last month while manufacturing is expected to have risen 0.3% from a 0.8% drop in January.

Finally, the NAHB housing market index for March at 10:00 a.m. is expected to have risen to 50 from 46 in February.

In equities, Yahoo ( YHOO ) rose 4% in recent pre-market trade as China-based Alibaba, in which it owns a 24% stake, said it will hold its initial public offering in the U.S. The listing could bring in $15 billion. Yahoo has said it plans to cash out some of its holding in the IPO. Hertz ( HTZ ) was also higher, by almost 8% as Financial Times said the company will disclose plans to spin off its equipment rental business, worth about $4.5 billion, this week.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.46%

-S&P 500 futures up 0.46%

-Nasdaq 100 futures up 0.51%

-Nasdaq-100 Pre-Market Indicator up 0.41%

GLOBAL SENTIMENT

Nikkei down 0.35%

Hang Seng down 0.30%

Shanghai Composite up 0.95%

FTSE-100 up 0.37%

DAX-30 up 0.69%

PRE-MARKET SECTOR WATCH

(+) Large cap tech: higher

(+) Chip stocks: unchanged to higher

(+) Software stocks: higher

(+) Hardware stocks: higher

(+) Internet stocks: higher

(+) Drug stocks: higher

(+) Financial stocks: higher

(+/-) Retail stocks: mixed

(+) Industrial stocks: higher

(+) Airlines: higher

(+) Autos: higher

UPSIDE MOVERS

(+) HAST (bid higher at $2.92) Strikes $3 per share merger deal with 12%-owner Weinshanker

(+) JASO (+16.0%) Q4 earnings beat views

(+) FPRX (+17.3%) Signs collaboration with Bristol-Myers Squibb

(+) YONG (+6.4%) Q4 revenue climbs on jump in shipments

(+) YGE (+5.4%) Wins 10 MW photovoltaic module order from U.K. firm

(+) KNDI (+19.2%) Adjusted Q4 profit more than triples

(+) STAA (+20.2%) Gets FDA panel vote for lens; Canaccord Genuity ups to buy.

(+) SINA (+9.3%) Weibo unit files for $500 million IO

(+) FB (+0.4%) Slips despite downgrade to hold at Argus

DOWNSIDE MOVERS

(-) ICPT (-1.6%) Posts mixed Q4 earnings

(-) INO (-1.7%) Reports wider-than-expected Q4 loss



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: YHOO , HTZ

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