A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are lower this morning, as investors are awaiting jobs data. Futures for the Dow Jones Industrial Average dipped 89 points to 11,376.00 and S&P 500 index futures fell 10.80 points to 1,190.50. Nasdaq 100 futures dropped 20.25 points to 2,197.00. A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 1.86%, London's FTSE 100 Index moved down 1.53%, French CAC 40 index fell 2.54% and German DAX 30 index dropped 2.87%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 1.1876%, Australia's S&P/ASX 200 moving down 1.40% and China's Shanghai Composite dropping 1.09%. Hong Kong's Hang Seng Index fell 1.8092% and India's Sensex gained 0.90%.
Broker Recommendation Analysts at Oppenheimer upgraded Liquidity Services Inc (NASDAQ: LQDT) from “perform” to “outperform.” The target price for Liquidity Services has been raised from $28 to $38.
Liquidity Services shares gained 30.42% to close at $31.30 yesterday.
Breaking news
- Home Inns & Hotels Management Inc (NASDAQ: HMIN) today announced that it has received anti-trust approval from the Ministry of Commerce of the People's Republic of China for its proposed acquisition of Motel 168 International Holdings Limited, one of the major branded economy hotel operators in China. To read the full news, click here.
- Wi-LAN Inc. (NASDAQ: WILN), today announced that it has commenced litigation in the U.S. District Court for the Eastern District of Texas, Tyler Division against Apple, Inc. (NASDAQ: AAPL), Alcatel-Lucent USA Inc. (NYSE: ALU), Dell Inc. (NASDAQ: DELL), Hewlett-Packard Company, (NYSE: HPQ) HTC America, Inc., Kyocera International, Inc., Kyocera Communications, Inc., Novatel Wireless, Inc. (NASDAQ: NVTL), and Sierra Wireless America, Inc. (NASDAQ: SWIR). To read the full news, click here.
- Dr. Reddy's Laboratories (NYSE: RDY) announced the initiation of dosing with DRL-17822 in patients with diagnosis of type II dyslipidemia. To read the full news, click here.
- Ericsson (NASDAQ: ERIC) and Singapore Telecommunications Limited today announced a partnership to provide emergency communications services to support disaster relief efforts in South and Southeast Asia through Ericsson Response. To read the full news, click here.
