US Stock Futures Signal Higher Start On Wall Street

Pre-open movers

US stock futures traded higher in early pre-market trade. Futures for the Dow Jones Industrial Average jumped 122 points to 17,791.0, while the Standard & Poor's 500 index futures rose 14.15 points to 2,083.15. Futures for the Nasdaq 100 index climbed 36.55 points to 4,444.80.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index surging 1.41 percent, STOXX Europe 600 Index rising 1.58 percent and German DAX 30 index gaining 1.32 percent. French CAC 40 Index climbed 1.88 percent and London's FTSE 100 Index rose 0.63 percent.

In Asian markets, Japan's Nikkei Stock Average rose 1.57 percent, Homg Kong's Hang Seng Index climbed 1.30 percent, China's Shanghai Composite Index jumped 2.39 percent and India's BSE Sensex climbed 1.08 percent.

Broker Recommendation
Analysts at SocGen upgraded Apple Inc. (NASDAQ: AAPL) from Hold to Buy.

Apple shares closed at $224.43 on Friday.

Breaking news

• Accuray Incorporated (NASDAQ: ARAY) and RaySearch Laboratories AB (publ) announced today they have signed a long-term collaboration agreement which will allow Accuray to co-market and offer the RayCare® oncology information system (OIS) which is currently in development at RaySearch. To read the full news, click here.
• Jarden Corporation (NYSE: JAH) announced today that it has entered into a definitive purchase agreement to acquire Waddington Group, Inc., a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets, from an investment fund managed by Olympus Partners, a private equity firm, and other stockholders for approximately $1.35 billion, subject to working capital and other adjustments. To read the full news, click here.
• OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI) announced today that its Phase 3 ENSPIRIT trial evaluating custirsen in the treatment of advanced or metastatic non-small cell lung cancer (NSCLC) is continuing as planned per the recommendation of an Independent Data Monitoring Committee (IDMC). To read the full news, click here.
• Meredith Corporation (NYSE: MDP), the nation's leading media and marketing company serving more than 100 million unduplicated American women and over 60 percent of U.S. Millennial women, announced today that it has acquired Grocery Server, further expanding its digital shopper marketing capabilities. To read the full news, click here.