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Wall Street Sees Upbeat Open Ahead of Fed Speakers

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US stocks were set for an upbeat trading session on Friday as traders looked ahead to several speakers from the Federal Reserve.

Oil prices fell with global benchmark Brent Crude down 0.02%, while US crude West Texas Intermediate was down 0.03% recently as the commodity got pressured by a stronger US dollar.

There are no economic data due for release.

Federal Reserve Presidents William Dudley, Eric Rosengren, Loretta Mester and John Williams are scheduled to speak.

In equities, shares of Blue Buffalo Pet Products ( BUFF ) were 17% higher pre-bell on a deal to be acquired by General Mills ( GIS ).

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.31%

-S&P 500 futures up 0.23%

-Nasdaq 100 futures up 0.47%

-Nasdaq 100 pre-market indicator up 0.55%

GLOBAL SENTIMENT

Nikkei up 0.72%

Hang Seng up 0.98%

Shanghai Composite up 0.63%

FTSE-100 down 0.21%

DAX-30 up 0.23%

PRE-MARKET SECTOR WATCH

(+) Large cap tech: unchanged to higher

(+) Chip stocks: higher

(+) Software stocks: unchanged to higher

(+) Hardware stocks: unchanged to higher

(+) Internet stocks: higher

(+) Oil stocks: unchanged to higher

(+) Biotech stocks: unchanged to higher

(+) Drug stocks: unchanged to higher

(+) Financial stocks: unchanged to higher

(+) Retail stocks: unchanged to higher

(+) Industrial stocks: unchanged to higher

(+) Airlines: unchanged to higher

(+) Autos: unchanged to higher

UPSIDE MOVERS

(+) MOMO (+10.1%) Buys Chinese dating app Tantan

(+) HPE (+10.3%) Tops fiscal Q1 estimates

(+) IMMR (+18.0%) Bests Q4 estimates

DOWNSIDE MOVERS

(-) XCRA (-2.1%) Terminates merger deal with Hubei Xinyan Equity Investment Partnership

(-) EXAS (-8.3%) Tops Q4 EPS estimate

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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