A Peek Into The Market Before The Trading Starts

US stock futures were mixed, as investors are looking for a weekend G-20 nations meeting of finance ministers in South Korea. Futures on the Dow Jones Industrial Average dropped 9 points to 11,074, while S&P 500 futures rose 0.60 points to 1,176.30. Nasdaq 100 futures gained 0.50 points to 2,081.

Negative sentiments ruled the European markets today. While STOXX Europe 600 Index has lost 0.15%, London's FTSE 100 Index moved down 0.32%. Asian markets ended mixed, with Japan's Nikkei Stock Average adding 0.54%, Australia's S&P/ASX 200 moving up 0.49% and China's Shanghai Composite losing 0.29%.

Oppenheimer & Co. raised its price target on Amazon.com

to $186 from $162 after the internet retailer reported earnings yesterday. It has an Outperform rating on shares. In a research note Oppenheimer writes, "Following the 3Q earnings release, we're updating our model and raising our PT to $186 from $162. Our prior 2010 estimates were stale due to a change in analyst coverage. While 3Q results were generally in line with the Street (revenue 4% ahead, segment OI 3% ahead), AMZN provided 4Q profit guidance that was 15% below the Street, reflecting continued investments in fulfillment functions and marketing. As a result, we expect a reduction in Street estimates, making our '11 estimate and price target changes an anomaly." Shares of AMZN are down $5.16 to $159.81 in pre-market trading.

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