A Peek Into The Market Before The Trading Starts

Pre-open movers

US stock futures are higher this morning, after President Barack Obama reported that Osama bin Laden, the leader of al Qaeda, was killed in a US operation in Pakistan. Futures on the Dow Jones Industrial Average gained 70 points to 12,826.00 and futures on the S&P 500 stock index rose 6.60 points to 1,366.30. Nasdaq 100 futures surged 11.50 points to 2,412.25.

A Peek Into Global Markets

Most Asian markets ended higher, with Japan's Nikkei Stock Average gaining 1.57%. India's Sensex dropped 0.72%. Markets in China and Hong Kong were closed for a public holiday. European markets were higher today. The STOXX Europe 600 Index has advanced 0.20%.

Broker Recommendation

Analysts at Citigroup upgraded Netflix

NFLX

from “hold” to “buy.” The target price for NFLX has been raised from $245 to $300. NFLX's shares fell 0.73% to close at $232.67 on Friday.

Breaking news

Warner Music Group WMG is on the block, according to people familiar with the matter, and could be sold for as much as $3 billion as early as this week. To read the full news, click here.
Humana HUM today reported diluted earnings per common share (EPS) for the quarter ended March 31, 2011 (1Q11) of $1.86, compared to $1.52 per share for the quarter ended March 31, 2010 (1Q10). To read the full news, click here.
Community Health Systems CYH today announced that it has raised its all-cash offer to acquire all outstanding shares of common stock of Tenet Healthcare Corporation THC to $7.25 per share from $6.00 per share. To read the full news, click here.
JinkoSolar Holding JKS today announced its unaudited financial results for the first quarter ended March 31, 2011. To read the full news, click here.

from Benzinga's Markets.

Market News and Data brought to you by Benzinga APIs

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