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Stocks- U.S. Futures Up Ahead of Columbus Day

Stock MarketsOct 09, 2017 11:56
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© Reuters. U.S. futures were up on the Columbus holiday. – U.S. futures were up slightly on an otherwise slow Monday, despite bond markets being closed for the U.S. holiday.

The S&P 500 futures increased a little over three points or 0.15% as of 6:24 AM ET (11:24 GMT) while Dow futures were up 34 points or 0.15%. Tech heavy Nasdaq 100 rose 12 points or 0.20%.

In pre-market trading, pharmaceutical firm MannKind Corp (NASDAQ:MNKD) was up 4.73% while communications company Internet Gold Golden Lines Ltd (NASDAQ:IGLD) increased 4.06%. Pharmaceutical company Flexion Theraptc (NASDAQ:FLXN) jumped 4.61% ahead of the morning bell, as it continues to rally on news that the FDA approved its non-opioid knee pain medication.

Shares of surgical robotics company Mazor Robotics Ltd (NASDAQ:MZOR) rose 3.77% after it reported strong sales and $17.2 million in revenue during the third quarter.

Meanwhile, Tesla (NASDAQ:TSLA) fell 1.36% after it announced it would delay the release of its highly anticipated semi-truck. LiNiu Technology Group (NASDAQ:LINU) was among the worst performing, decreasing 3.40% while cybersecurity firm Symantec Corporation (NASDAQ:SYMC) was down 1.65%.

Trading is likely to be slow on Monday, as most firms are closed for Columbus Day. The Conference Board releases its Employment Trends Index at 10:00 AM ET (16:00 GMT).

European stocks were mixed on Monday. Spain’s IBEX 35 rose 0.74% as it gained ground from a volatile week after Catalan voted for independence. Euro Stoxx 50 was up 0.17% while German’s DAX inched forward 0.03%. France’s CAC 40 was down 0.03%.

Gold futures increased 0.83% to $1,285.50 an ounce. Crude oil gained 0.14% to $49.36 a barrel as prices started to stabilize after OPEC signaled it could take action to make sure the market is balanced in the long term.

The US dollar index future, which measures the greenback against a basket of six major currencies, decreased to 93.53.

Stocks- U.S. Futures Up Ahead of Columbus Day

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