Market Overview

A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are mostly flat this morning. Futures for the Dow Jones Industrial Average dropped 8 points to 12,579.00 and S&P 500 index futures fell 2.40 points to 1,308.00. Nasdaq 100 futures gained 4.25 points to 2,429.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index declined 0.46%, London's FTSE 100 Index moved down 0.07%, French CAC 40 index fell 0.56% and German DAX 30 index dropped 0.39%.

Asian markets ended higher, with Japan's Nikkei Stock Average surging 1.4663%, China's Shanghai Composite rising 1.00% and Australia's S&P/ASX 200 moving up 0.57%. Hong Kong's Hang Seng Index rose 0.8395% and India's Sensex surged 0.57%.

Broker Recommendation Analysts at JP Morgan downgraded Johnson Controls Inc (NYSE: JCI) from “overweight” to “neutral.” The target price for Johnson Controls has been lowered from $43 to $36.

Johnson Controls shares dropped 0.80% to $32.20 in pre-market trading.

Breaking news

  • General Electric Company (NYSE: GE) reported a decline in its fourth-quarter net profit on Friday. GE's quarterly profit fell to $3.8 billion, or $0.35 per share, from $4.8 billion, or $0.42 per share, in the year-ago period. To read the full news, click here.
  • WNS Limited (NYSE: WNS) today announced its collaboration with coAction.com, a leading provider of advanced business collaboration software, to further strengthen its capabilities in Order-to-Cash (O2C) solutions. To read the full news, click here.
  • AZZ incorporated (NYSE: AZZ) today announced that it has entered into an agreement to acquire substantially all of the assets of Galvan Metals, Inc. in Montreal, Canada. To read the full news, click here.
  • SunTrust Banks Inc (NYSE: STI) reported a 33% rise in its fourth-quarter profit. To read the full news, click here.

Posted-In: JP Morgan US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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