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Wall Street Set for Rebound Amid Fresh Earnings


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US stocks were set for a rebound Tuesday as traders digested a fresh batch o f earnings results.

Oil prices were steady, with global benchmark Brent crude at $71.18, while US West Texas Intermediate crude was up a slight 0.08% to $63.45 following signals from Russia that it wants to end the current deal that curbs oil production.

At 9:15 am, data are expected to show industrial production rising 0.3% with a capacity utilization rate of 79.1% for March, according to data compiled by Econoday.

At 10 am, the housing market index is seen coming in at a consensus of 63 for April vs March's 62 reading.

In equities, shares of Kamada Ltd. ( KMDA ) climbed 9.3% pre-bell after the protein therapeutics company said it has received positive feedback from the US Food and Drug Administration about its inhaled alpha-1-antitrypsin program for the treatment of alpha-1 antitrypsin deficiency.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.63%

-S&P 500 futures up0.36%

-Nasdaq 100 futures up 0.43%

-Nasdaq 100 pre-market indicator up 0.22%

GLOBAL SENTIMENT

Nikkei up 0.24%

Hang Seng up 1.07%

Shanghai Composite up 2.39%

FTSE-100 up 0.50%

DAX-30 up 0.68%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+) Chip stocks: unchanged to higher

(+) Software stocks: unchanged to higher

(+) Hardware stocks: unchanged to higher

(+/-) Internet stocks: mixed

(+/-) Oil stocks: mixed

(+) Biotech stocks: unchanged to higher

(+) Drug stocks: unchanged to higher

(+/-) Financial stocks: mixed

(+/-) Retail stocks: mixed

(+) Industrial stocks: unchanged to higher

(+) Airlines: unchanged to higher

(+) Autos: unchanged to higher

UPSIDE MOVERS

(+) CFRX (+7.6%) Reports additional positive data from phase 2 trial of Exebacase

(+) AMD (+1.5%) Adds new Ryzen model

(+) RNN (+64.7%) Enters into global collaboration, license agreement for RX-3117 in Greater China

DOWNSIDE MOVERS

(-) BAC (-0.7%) Q1 revenue misses estimates

(-) BPMX (-9.6%) Board OKs reverse stock split to regain listing standard

(-) CZR (-1.9%) Names Anthony Rodio as New CEO

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Stocks
Referenced Symbols: KMDA




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