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 gained 1 point to 12,606.00 and S&P 500 index futures rose 0.30 points to 1,328.50. Nasdaq 100 futures gained 2 points to 2,580.25.
A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index declined 0.71%, London's FTSE 100 Index moved down 0.88%, French CAC 40 index rose 0.45% and German DAX 30 index dropped 0.80%.
Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.12%, Australia's S&P/ASX 200 moving down 2.35% and China's Shanghai Composite dropping 1.21%. Hong Kong's Hang Seng Index tumbled 3.19% and India's Sensex declined 1.81%.
Broker Recommendation CLSA upgraded PepsiCo Inc (NYSE: PEP) from “underperform” to “outperform.” The target price for PepsiCo has been raised from $66 to $75.
PepsiCo shares gained 1.04% to close at $67.85 yesterday.
- Dorman Products Inc (NASDAQ: DORM) declared a stock dividend of one share of common stock for each share of common stock outstanding for those shareholders of record on June 1, 2012 with a distribution date of June 15, 2012. To read the full news, click here.
- Acadia Healthcare Company Inc (NASDAQ: ACHC) today announced the pricing of a registered follow-on offering of 8,250,000 shares of its common stock at a public offering price of $15.50 per share. To read the full news, click here.
- Partner Communications Company Ltd (NASDAQ: PTNR) announced that it was served with three lawsuits and three motions for the recognition of these lawsuits as class actions, filed against Partner by the same plaintiff on May 13, 2012 in the Tel-Aviv District Court. To read the full news, click here.
- Quanta Services Inc (NYSE: PWR) today announced the expansion of its master agreement regarding Competitive Renewable Energy Zone (CREZ) projects assigned to Electric Transmission Texas, LLC (ETT) by the Public Utility Commission of Texas (PUCT). To read the full news, click here.
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