US Stocks Set For Placid Open - Traders Lack Catalysts, Eye Fed Minutes

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U.S stock futures were nearly unchanged in pre-market trading, following a turbulent couple of weeks amid fears the Federal Reserve will taper its purchasing of bonds and stocks to boost the market.

Minutes of the Fed's July 30-31 meeting set to come out Aug. 21 may provide clues as to the timetable for scaling back asset purchasing.

No economic data that could provide impetus for markets are due out today.

Among movers this morning were the Edwards Group ( EVAC ), up over 23%, after Sweden's Atlas Coco agreed to buy the company for $1.6 billion. Also, Supernus Pharmaceuticals' ( SUPN ) got FDA approval for its epilepsy drug and jumped 36%.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial down 0.01%

-S&P 500 futures down 0.09%

-Nasdaq 100 futures unchanged

-Nasdaq-100 Pre-Market Indicator up 0.09%

GLOBAL SENTIMENT

Nikkei up 0.79%

Hang Seng down 0.34%

Shanghai Composite up 0.83%

FTSE-100 down 0.24%

DAX-30 down 0.33%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+/-) Chip stocks: mixed

(+/-) Software stocks: mixed

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: mixed

(+/-) Drug stocks: mixed

(-) Financial stocks: lower

(+/-) Retail stocks: higher

(+) Industrial stocks: higher

(+/-) Airlines: unchanged

(+/-) Autos: mixed

UPSIDE MOVERS

(+) EVAC (+23%) Hits 52-Week high as Atlas Agrees to buy company for $10.50

(+) CTIC (+15%) France ok's its non-Hodgkin lymphoma treatment

DOWNSIDE MOVERS

(-) CIE (-11%) Company didn't find commercial hydrocarbons in Ardennes well

(-) Z (-4%) Zillow and shareholders will sell 5 mln shares in offering



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.

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This article appears in: Investing , Commodities

Referenced Stocks: EVAC , SUPN

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