A Peek Into The Market Before The Trading Starts
Pre-open movers
US stock futures fell today, ahead of the release of the US economic growth data for the second quarter. While futures on the Dow Jones Industrial Average slipped 94 points to 10,315, those on the S&P 500 lost 11.80 points to 1,085. Meanwhile, Nasdaq 100 futures fell 18.25 points to 1,839.
A Peek Into Global Markets
Negative sentiments ruled the European markets, with STOXX Europe 600 Index falling 1.05% and London’s FTSE 100 Index slipping 1.22%.
Most Asian markets ended in the negative territory, with Japan's Nikkei Stock Average losing 1.64%, Australia's S&P/ASX 200 moving down 0.63% and China's Shanghai Composite falling 0.40%.
Broker Recommendation
Janney Montgomery upgraded Colgate (NYSE: CL) from “neutral” to “buy.” The target price is set to $88. The investment firm upgraded Colgate on the basis of the company's footprint, strong balance sheet, competitive position and attractive valuation. CL’s shares fell 1.05% to $77.30 in pre-market trading.
Breaking news
- Virginia Beach, Virginia based health insurer Amerigroup Corporation (NYSE: AGP) on Monday morning released financial results that more than doubled Wall Street's earnings expectations. To read the full news, click here.
- Chevron Corporation (NYSE: CVX) on Monday morning released financial results that beat Wall Street expectations. To read the full news, click here.
- Atlanta, Georgia based Newell Rubbermaid Inc. (NYSE: NWL) announced on Friday morning that it beat consensus Wall Street earnings estimates, while just missing revenue expectations. To read the full news, click here.
- Walt Disney Co (NYSE: DIS) has sold film studio Miramax to Filmyard Holdings LLC in a deal amounting to more than $660 million. The sale puts an end to the months of talks that the media group was holding with various bidders. To read the full news, click here.
Read more from Benzinga's Markets.
