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 (
) 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
) 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%
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
(+) 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
(+) YONG (+6.4%) Q4 revenue climbs on jump in shipments
(+) YGE (+5.4%) Wins 10 MW photovoltaic module order from U.K.
(+) 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
(-) ICPT (-1.6%) Posts mixed Q4 earnings
(-) INO (-1.7%) Reports wider-than-expected Q4 loss
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