Before the bell: S&P futures +0.55%, Nasdaq futures +0.56%

Market news

16 May 2012

Before the bell: S&P futures +0.55%, Nasdaq futures +0.56%

U.S. stock futures advanced as better-than-estimated housing starts report bolstered confidence in the world’s largest economy.

Global Stocks:

Nikkei 8,801.17 -99.57 -1.12%

Hang Seng 19,259.83 -634.48 -3.19%

Shanghai Composite 2,346.19 -28.65 -1.21%

FTSE 5,423.96 -13.66 -0.25%

CAC 3,060.85 +21.58 +0.71%

DAX 6,399.35 -1.71 -0.03%

Crude oil $92.96 (-1.09%)

Gold $1541.00 (-1.03%)

US Stocks open: Dow 12,664.17 +32.17 +0.25%, Nasdaq 2,901.25 +7.49 +0.26%, S&P 1,336.13 +5.47 +0.41%

Cisco Systems (CSCO) was upgraded to Overweight from Equal Weight at Barclays. Shares of CSCO rose to $16.79 (+1.51%) premarket.

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