U.S. futures higher ahead of data; Dow Jones up 0.31%
Published Jul 02, 2013 06:46AM ET
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.31% gain, S&P 500 futures signaled a 0.39% rise, while the Nasdaq 100 futures indicated a 0.48% increase.
Markets were jittery amid expectations that the Fed will soon start tapering its USD85 billion-a-month bond buying program.
Investors were awaiting Friday’s U.S. nonfarm payrolls data, with good data set to bolster the dollar further.
Onyx Pharmaceuticals was expected to remain in the spotlight for the second consecutive session, after confirming that it had rejected a purchase offer from Amgen to buy the company in a deal valued at about USD10 billion, sending shares up over 50% on Monday.
Shares slipped 0.10% in pre-market trade.
In the tech sector, Apple shares rose 0.27% in early trading after the iPhone maker filed for an "iWatch" trademark in Japan, implying that the company is working on developing a smartwatch.
Separately, Raymond James raised its rating on the company to "strong buy" from "outperform."
Also among smartphone makers, BlackBerry was likely to remain in focus after several analysts downgraded the stock following the company's disappointing quarterly results.
In company news, Walt Disney Co. extended Robert Iger’s tenure as chief executive officer of the entertainment company to June 2016, delaying his planned succession for 15 months. Shares climbed 0.48% in after-hour trade.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 dropped 0.58%, France’s CAC 40 declined 0.49%, Germany's DAX retreated 0.93%, while Britain's FTSE 100 slid 0.43%.
During the Asian trading session, Hong Kong's Hang Seng Index dropped 0.70%, while Japan’s Nikkei 225 Index jumped 1.78%.
Later in the day, the U.S. was to produce official data on factory orders.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.