US Futures Point to Slightly Higher Open At Start of Important Data Week

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US stock futures edged higher Monday as investors look ahead to a week of what the National Bank calls "crucial data" and as the market digests the Black Friday holiday sales.

At 8:58 a.m. the final Markit Manufacturing PMI for November was out, having risen to 54.7 from 51.8 in October and beating estimates of 54.2. At 10:00 a.m. the ISM manufacturing index is likely to have declined in November to 55.0 from 56.4 after passing through the October government shutdown mostly unscathed. Later in the week the market is waiting for a second look at Q3 GDP as well as the November payroll report.

On the official Cyber Monday sales day, online retailers Ebay ( EBAY ) and Amazon.com ( AMZN ) rose 3.17% and 1.10%, respectively, in pre-market trade. At the other end of the spectrum, Petrobras ( PBR ) slumped 9.35% after reports it is eliminating fuel subsidies as part of its new pricing strategy. The company did not explain how this would impact it.


U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.02%

-S&P 500 futures up 0.03%

-Nasdaq 100 futures up 0.20%

-Nasdaq-100 Pre-Market Indicator up 0.23%

GLOBAL SENTIMENT

Nikkei down 0.04%

Hang Seng up 1.05%

Shanghai Composite down 0.59%

FTSE-100 down 0.61%

DAX-30 up 0.09%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+) Chip stocks: higher

(+/-) Software stocks: mixed

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: mixed

(+/-) Drug stocks: mixed

(+/-) Financial stocks: mixed

(+/-) Retail stocks: unchanged

(+/-) Industrial stocks: unchanged

(+) Airlines: higher

(+/-) Autos: mixed

UPSIDE MOVERS

(+) CTIC (+6.19%) Receives $5 mln milestone payment from Teva for Trisenox

(+) BOSC (+17.91%) Rises ahead of Q3 earnings later

(+) FRX (+3.29%) Plans $500 mln cost cuts by fiscal 2016

DOWNSIDE MOVERS

(-) FREE (-8.70%) Sets reverse stock split

(-) S (-1.67%) Macquarie downgrades stock to neutral, cuts price target



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: AMZN , EBAY , PBR

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