A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are lower this morning, as investors are awaiting a European Union summit. Futures for the Dow Jones Industrial Average dropped 63 points to 12,551.00 and S&P 500 index futures fell 7.20 points to 1,305.30. Nasdaq 100 futures dipped 13.25 points to 2,443.00.
A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index dropped 0.76%, London's FTSE 100 Index moved down 0.86%, French CAC 40 index fell 0.99% and German DAX 30 index dropped 0.63%.
Asian markets ended lower, with Japan's Nikkei Stock Average dropping 0.6547%, China's Shanghai Composite declining 0.32% and Australia's S&P/ASX 200 moving down 0.32%. Hong Jong's Hang Seng index fell 1.6646% and India's Sensex dipped 2.15%.
Broker Recommendation Analysts at Dahlman Rose downgraded CF Industries Holdings Inc (NYSE: CF) from “buy” to “hold.” The target price for CF Industries is set to $180.
CF Industries shares dropped 0.33% to $178.99 in pre-market trading.
Breaking news
- Motorola Solutions Inc (NYSE: MSI) announced today that the Company's Board of Directors authorized up to $1.0 billion in additional funds for use in the existing stock repurchase program through the end of 2012. To read the full news, click here.
- Kratos Defense & Security Solutions Inc (NASDAQ: KTOS), announced today that the U.S. Air Force (USAF) Space and Missile Systems Center (SMC) has awarded its Integral Systems subsidiary a $15.69 million extension to its Command and Control System-Consolidated (CCS-C) contract. To read the full news, click here.
- Covidien (NYSE: COV) today announced that the Solitaire™ FR Revascularization Device has been approved for investigational use in the Interventional Management of Stroke (IMS III) trial. To read the full news, click here.
- SGS and Savi Technology, a wholly-owned subsidiary of Lockheed Martin (NYSE: LMT), today announced an exclusive, multi-year, worldwide strategic alliance to develop, promote, market and deliver a first-of-its-kind service that will enable countries and organizations to track and monitor cargo and shipments in real-time. To read the full news, click here.
