Pre-open movers
US stock futures traded higher in early pre-market trade. The producer price index for February will be released at 8:30 a.m. ET, while the University of Michigan's consumer sentiment index for March will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average jumped 23 points to 17,816, while the Standard & Poor's 500 index futures rose 2.60 points to 2,059.10. Futures for the Nasdaq 100 index climbed 8.25 points to 4,333.00
A Peek Into Global Markets
European markets were mixed today, with the Spanish Ibex Index rising 0.23%, STOXX Europe 600 Index dropping 0.04% and German DAX 30 index gaining 0.42%. French CAC 40 Index slipped 0.01% and London's FTSE 100 Index fell 0.10%.
In Asian markets, Japan's Nikkei Stock Average rose 1.39%, Hong Kong's Hang Seng Index gained 0.11%, China's Shanghai Composite Index gained 0.70% and India's BSE Sensex dipped 1.48%.
Broker Recommendation
Analysts at Goldman Sachs downgraded Lumber Liquidators Holdings, Inc. LL from Buy to Neutral.
Lumber Liquidators shares closed at $36.08 yesterday.
Breaking news
Market News and Data brought to you by Benzinga APIs- Citi Trends CTRN today announced that Ed Anderson is retiring as CEO, effective March 21, 2015. To read the full news, click here.
- Imperva IMPV today announced the pricing of its underwritten registered public follow-on offering of 3,000,000 shares of its common stock at a price to the public of $39.00 per share. To read the full news, click here.
- VimpelCom VIP today announced that the Group Chief Executive Officer, Jo Lunder, has decided to resign his position with effect from April 13, 2015. To read the full news, click here.
- Shares of Hibbett Sports Inc. HIBB climbed more than 10% in pre-market trading after the company reported better-than-expected results for the fourth quarter. To read the full news, click here.
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