A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 78 points to 12,065.00 and S&P 500 index futures fell 9.60 points to 1,243.40. Nasdaq 100 futures dropped 13 points to 2,305.50.
A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index dropped 0.49%, London's FTSE 100 Index moved down 0.45%, French CAC 40 index fell 0.94% and German DAX 30 index dipped 1.45%.
Asian markets ended mixed, with Japan's Nikkei Stock Average gaining 1.3748%, Australia's S&P/ASX 200 moving up 1.11% and China's Shanghai Composite declining 1.02%. Hong Kong's Hang Seng Index fell 0.0569% and India's Sensex dipped 2.12%.
Broker Recommendation Analysts at JP Morgan upgraded Bally Technologies Inc (NYSE: BYI) from “neutral” to “overweight.” The target price for Bally Technologies has been raised from $35 to $47.
Bally Technologies shares gained 3.62% to close at $37.50 on Friday.
Breaking news
- Clearwire Corporation (NASDAQ: CLWR) today announced that the underwriters exercised their option to purchase an additional $52.5 million, or 26,250,000 shares, of Clearwire's Class A Common Stock in the previously announced $350.0 million public offering of Clearwire's Class A Common Stock (the "initial shares"), resulting in a total sale to the public of 201,250,000 shares of Class A Common Stock. Both the initial shares and the optional shares are expected to be issued and delivered on December 13, 2011. To read the full news, click here.
- GLG Life Tech Corporation (NASDAQ: GLGL) announced that it has received funds from the first loan under the previously announced financing support agreement with Fengyang County Government in June 2011. To read the full news, click here.
- Cubic Corporation (NYSE: CUB) announced today that it has signed a prime contract with a major Middle East customer to provide comprehensive marksmanship and small arms training capabilities. To read the full news, click here.
- Garmin International Inc, a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today that it has received the European Aviation Safety Agency's validation of the U.S. Supplemental Type Certificate for the GTN 650 and GTN 750 series touchscreen avionics. To read the full news, click here.
