U.S. stock higher in pre-market trading for,Oct 16.The Nasdaq Futures is trading at 11,941.80 with +0.57% percent or +67.75 point.The Dow Futures is trading at 228,470.50 up with +0.30% percent or +84.50 point. The S&P 500 Futures is trading at 3,486.12 up with +0.31% percent or +10.72 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 23,410.63 with a loss of – percent or  –96.60 point. Hong Kong’s Hang Seng is trading at 24,423.30 with percent or +264.76 point. China’s Shanghai  Composite is trading at 3,336.36 with  percent or +4.18 point. India’s BSE Sensex is trading at 39,982.39 up with +percent or +253.98 point at 12:15 PM.The FTSE 100 closed at 5,909.94 up with  percent or  +77.42 point. France’s CAC  40 closed at 4,837.42 with a loss of percent or ?104.24 point.Germany’s DAX closed at 12,703.75 with a loss of –percent or   -324.31 point.

Friday’s Factors and Events

The two banking companies announced an all-stock merger which will see CIT stockholders receive 0.0620 shares of First Citizens for each share of CIT they now own. The combined entity will be the 19th largest U.S. bank as measured by assets.

Thursday Activity

For the day The Nasdaq Composite is trading at 11,768.73 with a loss of – percent or – point.the Dow is trading at 28,514.00 with a loss of –percent or –165.81 point. The S&P 500 is trading at 3,488.67 with  a loss of – percent or 23.26 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,638.88 up with +1.06% percent or +17.23 point; the S&P 600 Small-Cap Index closed at 929.57 with + percent or +12.22 point; the S&P 400 Mid-Cap Index closed at 2,002.82 with percent or +18.54 point; the S&P 100 Index closed at 1,610.76 with a loss of – percent or  -4.56 point; the Russell 3000 Index closed at 2,051.99 with a loss of – percent or ?1.26 point; the Russell 1000 Index closed at 1,947.58 with a loss of –or –2.54 point