Wall Street Set for Higher Open on Columbus Day

Wall Street Set for Higher Open on Columbus Day

U.S. stocks were poised for a higher open Monday, a quiet day on the economic data front and with banks closed for the Columbus holiday.

Oil prices were mixed Monday with global benchmark Brent Crude down 0.14% recently, while U.S. crude West Texas Intermediate was up 0.22% after some comments from Organization of the Petroleum Exporting Countries’ officials signaled the group and other producers may take further action to restore market balance.

There are no economic data due for release Monday.

In equities, shares of TrovaGene ( TROV ) were 19% higher after the company received an orphan drug designation for its acute myeloid leukemia treatment.


-Dow Jones Industrial up 0.16%

-S&P 500 futures up 0.15%

-Nasdaq 100 futures up 0.19%

-Nasdaq 100 pre-market indicator up 0.13%


Nikkei up 0.30%

Hang Seng down 0.46%

Shanghai Composite up 0.76%

FTSE-100 down 0.25%

DAX-30 up 0.01%


(+/-) Large cap tech: mixed

(+/-) Chip stocks: mixed

(+) Software stocks: unchanged to higher

(+) Hardware stocks: unchanged to higher

(-+/) Internet stocks: mixed

(+/-) Oil stocks: mixed

(+) Biotech stocks: unchanged to higher

(+) Drug stocks: unchanged to higher

(+/-) Financial stocks: mixed

(+) Retail stocks: unchanged to higher

(+) Industrial stocks: unchanged to higher

(+/-) Airlines: unchanged

(+/-) Autos: mixed


(+) FLXN (+6.4%) Gets FDA nod for Zilretta for osteoarthritis knee pain

(+) CLNT (+29.5%) Unit in exlusive deal to acquire majority stake in Inspirit Studio

(+) CYTX (+9.3%) Gets delisting notice from Nasdaq


(-) XXII (-19.4%) Agrees to sell 20.6 million shares in registered direct offering

(-) TSLA (-1.8%) Delays launch of battery-powered semi truck to focus on Model 3 bottlenecks

(-) KTWO (-16%) Cuts 2017 revenue guidance

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