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 jobless claims data. Futures for the Dow Jones Industrial Average dipped 34 points to 13,019.00 and S&P 500 index futures fell 4.50 points to 1,395.70. Nasdaq 100 futures dropped 7.50 points to 2,760.50.
A Peek Into Global Markets
European markets were lower today. The STOXX Europe 600 Index dropped 0.83%, London's FTSE 100 Index moved down 0.77%, French CAC 40 index fell 1.05% and German DAX 30 index dipped 1.12%. Asian markets ended lower, with Japan's Nikkei Stock Average dropping 0.67%, China's Shanghai Composite dropping 1.43% and Australia's S&P/ASX 200 moving down 0.21%. Hong Kong's Hang Seng index dropped 1.32% and India's Sensex fell 0.18%.
Broker Recommendation
Analysts at Goldman Sachs upgraded Nordstrom Inc
JWN
from “neutral” to “buy.” The target price for Nordstrom has been raised from $54 to $65. Nordstrom shares closed at $54.71 yesterday.
Breaking news
  • Sinovac Biotech Ltd SVA announced today that the positive Phase I clinical data for its proprietary inactivated Enterovirus 71 (EV71) vaccine against hand, foot and mouth disease (HFMD) was accepted for publication by the peer-reviewed journal Vaccine on March 4, 2012, and the uncorrected proof is available online as of March 14, 2012. To read the full news, click here.
  • Kratos Defense & Security Solutions Inc KTOS announced today that it was on the SAIC winning team to provide Command, Control, Communications, Computers, and Intelligence (C4I) support for systems integration engineering, planning and implementation of components and networks for Navy, joint, national and foreign military C4I systems. To read the full news, click here.
  • Omeros Corporation OMER today reported the allowance by the US Patent and Trademark Office (USPTO) of an additional patent claiming intraocular surgical methods of using OMS302, the Company's ophthalmological PharmacoSurgery™ product. To read the full news, click here.
  • Argo Group International Holdings Ltd AGII announced today the reorganization of its U.S. professional lines businesses into a single platform under the Argo Pro brand. To read the full news, click here.
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