A Peek Into The Market Before The Trading Starts

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Pre-open movers
US stock futures are lower this morning, as investors are awaiting weekly jobless claims and private payrolls data. Futures for the Dow Jones Industrial Average dropped 79 points to 12,277.00 and S&P 500 index futures fell 10.20 points to 1,262.80. Nasdaq 100 futures declined 15.25 points to 2,313.50.
A Peek Into Global Markets
European markets were lower today. The STOXX Europe 600 Index dropped 0.84%, London's FTSE 100 Index moved down 0.67%, French CAC 40 index fell 0.99% and German DAX 30 index dropped 0.86%. Asian markets ended lower, with Japan's Nikkei Stock Average dropping 0.7894%, China's Shanghai Composite declining 0.97% and Australia's S&P/ASX 200 moving down 1.01%. Hong Kong's Hang Seng Index rose 0.4598% and India's Sensex dropped 0.16%.
Broker Recommendation
The Benchmark Company downgraded Google Inc
GOOG
from “buy” to “hold.” The target price for Google is set to $700. Google shares dropped 0.15% to $667.26 in after-hours trading.
Breaking news
  • Ulta Salon, Cosmetics & Fragrance Inc ULTA today announced sales results for the seven-week holiday period from November 13, 2011 to December 31, 2011. To read the full news, click here.
  • Costco Wholesale Corp COST reported a 7% rise in its December same-store sales. To read the full news, click here.
  • The U.S. Federal Bureau of Investigation has awarded Accenture Federal Services a Blanket Purchase Agreement and four task orders to install an enterprise resource planning system to support the FBI's Human Resources Information System. To read the full news, click here.
  • US Airways Group, Inc. LCC today announced December, fourth quarter, and full-year 2011 traffic results. Mainline revenue passenger miles for the month were 4.9 billion, up 3.6 percent versus December 2010. To read the full news, click here.
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