Stock Futures Higher as Scotland Votes Down Independence, Alibaba's (BABA) IPO Prices
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Stock futures are higher Friday after Scotland voted to rejected independence from the U.K. and ahead of the highly-anticipated Alibaba (NYSE: BABA) IPO, which priced at $68.
Dow futures are up 78, S&P 500 futures are up 7 and Nasdaq futures are up 16.
Overnight, results showed 55% of Scottish voters rejecting independence from the U.K. while 45% favored it. "To those in Scotland skeptical of the constitutional promises that were made let me say this - we have delivered on devolution under this government and we will do so again in the next parliament," British Prime Minister David Cameron said. "The three pro-union parties have made clear commitments on further powers for the Scottish parliament—we will ensure that those commitments are honored in full."
Meanwhile, Alibaba (NYSE: BABA) priced its highly-anticipated IPO at $68 per share, the high end of the recently revised range. Shares will open today on the NYSE.
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