US Stock Futures Higher; Dow Futures Surge 500 Points
Pre-open movers
U.S. stock futures traded higher in early pre-market trade after the Nasdaq Composite gained around 150 in the previous session. The Federal Reserve raised interest rates by 0.75% last week.
The Chicago Fed National Activity Index for May is scheduled for release at
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Futures for the Dow Jones Industrial Average jumped 514 points to 30,383.00 while the Standard & Poor's 500 index futures rose 72 points to 3,747.75. Futures for the Nasdaq index gained 248.75 points to 11,545.50.
Oil prices traded higher as Brent crude futures rose 1.3% to trade at
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 88,054,080 with around 1,038,380 deaths.
A Peek Into Global Markets
European markets were higher today. The STOXX Europe 600 Index climbed 1.1%,
Asian markets traded mostly higher today.
Broker Recommendation
Keybanc maintained EMCOR Group, Inc. NYSE:EME with an Overweight and lowered the price target from
EMCOR shares fell 0.2% to close at
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Breaking News
- Mondelez International, Inc. NASDAQ:MDLZ agreed to acquire Clif Bar & Company for
$2.9 billion plus additional contingent earnout consideration. - Indonesian President
Joko Widodo has been in talks with Tesla Inc NASDAQ:TSLA, Ford Motor Co NYSE:F and other carmakers to set up manufacturing facilities in the Southeast Asian country, CNBC reported, citing Widodo. - Two former Tesla Inc NASDAQ:TSLA employees have sued the electric vehicle company over not providing the required advance notice to lay off about 10% of its workforce, Bloomberg News reported on Monday, citing a lawsuit.
- Northfield Bancorp, Inc. NASDAQ:NFBK reported a new
$45 million stock buyback program.
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