Market Overview

Financial Breakfast: Morning News Summary for July 23, 2012

Monday, July 23, 2012

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

Benzinga's Top News

Domestic Pre-Market Trading

  • U.S. Equity Markets trade down as Dow futures trade lower about 140 points.
  • U.S. Dollar trades about 0.28% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 fell 1.78%, Germany's DAX slid 1.67% and France's CAC 40 dropped 2.01% on the session.
  • Asian stocks ended the session lower. China's Shanghai slid 1.26%, Japan's Nikkei 225 fell 1.86%, and the Hong Kong's Hang Seng Market dropped 2.99%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Piper Jaffray Upgrades Aeropostale (NYSE: ARO) from Neutral to Overweight, Raises PT from $20 to $24
To see more of today's upgrades, click here.

  • ISI Group Downgrades Athenahealth (NASDAQ: ATHN) from Overweight to Market Weight, Raises PT from $94 to $10
To see more of today's downgrades, click here.

On the Economic Calendar

    No Major Economic Events Today
To see more economic news, click here

Earnings

  • Halliburton (NYSE: HAL) Reported Q2 EPS $0.82 vs $0.75 Est; Revenues $7.2B vs $6.96B Est
  • Eaton (NYSE: ETN) Reported Q2 EPS $1.15 vs $1.09 Est; Revenues $4.1B vs $4.24B Est
  • Hasbro (NYSE: HAS) Reported Q2 EPS $0.33 vs $0.23 Est; Revenues $811.5M vs $830.09M Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading lower, with gold posting early losses of about 0.70%
  • Energy futures are trading lower, with crude oil posting early losses of about 2.77%
  • Natural Gas futures are trading down about 0.62% and copper is trading down by about 2.7%
To see more commodities news, click here.



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Posted-In: Earnings News Bonds Guidance Upgrades Downgrades Futures Commodities Best of Benzinga

 

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