The Dow Jones Industrial Average (DJI: DJI) gained another 53.51 points, or 0.40 percent, on Friday to close at 13,593.37, the highest level in nearly five years. Recent aggressive efforts in the U.S. and euro zone have cheered investors, but many uncertainties remain. Here are four factors that could make -- or break -- the Dow's continued ascent.
Harvest Natural Resources, Sony Corp., Morgan Stanley, Banco Santander, Deutsche Bank, Jack in the Box, Statoil and IHS Inc. are among the companies whose shares are moving in pre-market trading Friday.
Harvest Natural Resources Inc. (HNR) stock climbed 104.51 percent to $9.98 in pre-market trading. The company announced Thursday that it had agreed to sell its Venezuela assets to Indonesia's national oil company PT Pertamina for $725.0 million in an all-cash transaction.
Sony Corp. (SNE) stock surged 5.54 percent to $14.30 in pre-market trading. The company announced that it planned to invest in Sony Semiconductor Corporation's Nagasaki Technology Center from the first half of the fiscal year ending March 31, 2013, through the first half of the fiscal year ending March 31, 2014, to increase the production capacity for stacked CMOS image sensors, Reuters has reported.
Morgan Stanley (MS) stock surged 3.80 percent to $14.49 in pre-market trading as Moody's Investors Service downgraded MS' credit rating by two notches instead of the red-alert three. Moody's cut Morgan Stanley's senior unsecured long-term debt ratings to Baa1 from A2, one level less than had been expected.
Banco Santander S.A. (SAN) stock gained 3.12 percent to $6.28 in pre-market trading. The stock has a 52-week low of $5.19, a 52-week high of $11.89 and $55.28 billion in market capitalization.
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Deutsche Bank AG (DB) stock rose 1.77 percent to $36.14 in pre-market trading. Deutsche Bank stock plunged nearly 3.5 percent Thursday after Moody's Investors Service downgraded DB's long-term deposit rating to A2 from Aa3 with a stable outlook.
Jack in the Box Inc. (JACK) stock advanced 1.66 percent to $26.30 in pre-market trading. The stock has a 52-week low of $18.25, a 52-week high of $26.61 and $1.14 billion in market capitalization.
Statoil ASA (STO) declined 0.83 percent to $22.61 in pre-market trading. The company stock was upgraded to a "neutral" rating from a "sell" rating at Goldman Sachs.
IHS Inc. (IHS) stock fell 0.73 percent to $101.10 in pre-market trading. The company announced Thursday that an existing stockholder, Conscientia Investment Ltd, had priced a secondary public offering of 8,695,653 shares of IHS' Class A common stock at $100.00 per share, before deducting the underwriting discount.
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