A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are lower this morning, after a decline in global equity markets. Futures on the Dow Jones Industrial Average dipped 132 points to 10,518.00 and futures on the S&P 500 stock index fell 15.80 points to 1,107.70. Nasdaq 100 futures dropped 30.75 points to 2,143.75. A Peek Into Global Markets Asian markets ended lower, with Japan's Nikkei Stock Average dipping 2.07%, Australia's S&P/ASX 200 moving down 1.64% and China's Shanghai Composite dropping 0.41%. Hong Kong's Hang Seng Index fell 1.3573% and India's Sensex declined 1.19%. European markets were lower today. The STOXX Europe 600 Index has dropped 2.2%, London's FTSE 100 Index moved down 1.96%, German DAX 30 index fell 3.08% and France CAC 40 index dropped 2.72%.
Broker Recommendation Analysts at Morgan Stanley upgraded Pandora Media (NYSE: P) from “equal-weight” to “overweight.” The target price for Pandora Media has been lowered from $19 to $16.
Pandora Media shares gained 1% to $10.15 in pre-market trading.
Breaking news
- Bovie Medical Corporation (NYSE: BVX) today announced that it has been served with a summons and complaint in a stockholders derivative action that has been filed by two purported stockholders against the Company, several officers, directors and one former director. To read the full news, click here.
- American Superconductor Corporation (NASDAQ: AMSC) today announced its recent successes in the wind power and power grid markets, including nearly $100 million in new contracts since the start of the company's fiscal year on April 1, 2011.To read the full news, click here.
- Multimedia Games, Inc., a subsidiary of Multimedia Games Holding Company, Inc. (NASDAQ: MGAM), announced today that the Nevada Gaming Commission has granted the Company manufacturer's and distributor's licenses and licensed members of the senior management team and the Board of Directors. To read the full news, click here.
- MannKind Corporation (NASDAQ: MNKD) today announced that it proposes to offer, subject to market conditions, senior secured discount notes due 2017 expected to yield gross proceeds of approximately $370.0 million. To read the full news, click here.
