Markets

US Stocks Poised For Higher Open as Republicans Take Senate

U.S. stocks were set to open higher Wednesday as the Republican Party won control of the Senate for the final two years of President Barack Obama's term while payrolls both gained as expected in October and were revised upwards for September.

The ADP private payroll employment rose by 230,000 in October, in line with the consensus, according to data compiled by Econoday. The consensus range was between 200,000 and 240,000. The September gain was revised upwards to 225,000 from 213,000.

At 09:45 a.m. E.T. the PMI Services index is expected to have edged lower to 57.1 in October from 58.9 in September. The consensus range is between 56.8 and 59.1. Then at 10:00 a.m. the ISM non-manufacturing survey for October index is seen at 58.00, down from 58.6 in September and in the consensus range between 56.0 and 59.5.

In equities, Time Warner ( TWX ) rose over 5% in recent pre-market trade after reporting Q3 results that topped analysts' estimates. Meanwhile, the provider of cyber security solutions FireEye ( FEYE ) plummeted nearly 17% after reporting Q3 results that were short of estimates and as Cowen downgraded the stock to market perform from outperform.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.53%

-S&P 500 futures up 0.61%

-Nasdaq 100 futures up 0.68%

-Nasdaq-100 Pre-Market Indicator up 0.50%

GLOBAL SENTIMENT

Nikkei up 0.44%

Hang Seng down 0.63%

Shanghai Composite down 0.0.39%

FTSE-100 up 1.17%

DAX-30 up 1.63%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+/-) Chip stocks: mixed

(+) Software stocks: unchanged to higher

(+) Hardware stocks: higher

(+) Internet stocks: higher

(+/-) Drug stocks: mixed

(+) Financial stocks: higher

(+) Retail stocks: unchanged to higher

(+) Industrial stocks: unchanged to higher

(+) Airlines: higher

(+) Autos: higher

UPSIDE MOVERS

(+) CTSH (+5.2%) Q3 beats views, raises FY guidance

(+) MDLZ (+4.8%) Raises EPS guidance

(+) ENDP (+1.9%) Beats on Q3, boosts guidance

(+) ACT (+2.0%) Posts better than expected Q3 results

(+) ISIS (+2.9%) Gets milestone payment from AstraZeneca

(+) CHK (+3.3%) Tops street view on EPS, revenues

(+) JIVE (+17.0%) Posts Q3 beat, sees narrower Q4 loss vs Street

(+) VG (+5.2%) Posts slight Q3 beat

(+) BLMN (+3.6%) Raymond James upgrades to strong buy; PT $25

DOWNSIDE MOVERS

(-) NUS (-22.2%) Issues Q4 guidance below analyst expectations

(-) ARIA (-4.3%) Q3 loss narrows, revenue falls short of views

(-) TRIP (-12.3%) Q3 EPS misses views; Pacific Crest downgrades stock

(-) PXD (-3.9%) Plans 5.75-million share sale

(-) SSYS (-8.0%) Lowers guidance for fiscal 2014

(-) CHUY (-21.4%) Misses on Q3 earnings, cuts profit guidance

(-) ZU (-12.7%) Shareholder files to sell 1.1 million shares

(-) AWAY (-6.4%) Sets Q4 below street

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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