Markets

U.S. Stock Futures Climb, Setting Stocks Up for Positive Open to 2015 Trading

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U.S. stock futures were back on the offensive Friday, posting constructive gains heading into the open of the

first trading session of 2015.

Investors appeared to view Wednesday's profit-taking session as created buying opportunities to kick off 2015.

The three major indices were all holding gains of at least 0.3% despite a decline in European markets tied to disappointing manufacturing data. Volume remains very light, however, and could contribute to early volatility as Wall Street digests U.S. December manufacturing data and November construction spending.

The first release just after the open is the final December purchasing managers manufacturing index, last reported at 53.7 and expected to be revised to 54.0. This is, however, below November's final 54.8 reading.

The Institute for Supply Management's manufacturing index is expected to decline to 57.5 in December from November's 58.7. This is still close to the near four-year high for the indicator. Finally, construction spending for November is expected to show a 0.5% gain.

European markets were all lower as a decline in eurozone manufacturing data overshadowed dovish comments from European Central Bank President Mario Draghi endorsing the use of QE in 2015. Draghi told a German newspaper that the ECB was "making technical preparations to alter the size, pace and composition of our measures in early 2015." But early advances tied to Draghi's remark were erased when the PMI manufacturing index slumped for both Italy and France, as well as the EU-wide index.

-Dow Jones Industrial up 0.4%

-S&P 500 futures up 0.4%

-Nasdaq 100 futures up 0.4%

SENTIMENT

Nikkei Closed

Hang Seng up 1.1%

Shanghai Composite Closed

FTSE-100 down 0.4%

DAX-30 down 0.6%

PRE-MARKET SECTOR WATCH

(+) Large cap tech: Higher

(+) Chip stocks: Higher

(+) Software stocks: Higher

(+) Hardware stocks: Higher

(+) Internet stocks: Higher

(+) Drug stocks: Higher

(+/-) Financial stocks: Mixed

(+) Retail stocks: Higher

(+) Industrial stocks: Higher

(+) Airlines: Higher

(+) Autos: Higher

UPSIDE MOVERS:

(+) BCLI (+55.04%) January 5 conference call to discuss final results of Phase 2a trial of NurOwn in ALS

(+) TTM (+2.41%) Reported an increase in December sales from 2013

(+) KITE (+5.69%) Credit Suisse maintained Outperform rating, raised PT by $37

DOWNSIDE MOVERS:

(-) LNCO (-9.06%) Lowered 2015 capital expenditures to $730 mln, and annual dividend by 57%

(-) MDXG (-11.10%) Filed lawsuit against Organogenisis, and Office of Inspector General for Deparment of Health is investigating MDXG for sales and marketing activities.

(-) HNR (-17.68%) Terminates plan to exit Venezuela operations

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

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

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