Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are slightly lower this morning. Futures for the Dow Jones Industrial Average dropped 13 points to 12,477.00 and S&P 500 index futures fell 1.40 points to 1,314.30. Nasdaq 100 futures declined 2.75 points to 2,540.75.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index gained 0.88%, London's FTSE 100 Index gained 1.03%, French CAC 40 index rose 1% and German DAX 30 index gained 0.74%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 1.10%, Chinese Shanghai Composite gaining 1.06% and Australia's S&P/ASX 200 rising 1.19%. Hong Kong's Hang Seng index rose 0.62% and India's Sensex declined 0.97%.

Broker Recommendation Analysts at Piper Jaffray downgraded Lowe's Companies Inc (NYSE: LOW) from “overweight” to “neutral.” The target price for Lowe's Companies has been lowered from $41 to $28.

Lowe's Companies shares rose 0.59% to $25.75 in after-hours trading.

Breaking news

  • Adept Technology Inc (NASDAQ: ADEP) today announced that it plans to offer shares of its common stock in a public offering registered with the U.S. Securities and Exchange Commission. To read the full news, click here.
  • Ceragon Networks Ltd (NASDAQ: CRNT) today announced that it has received orders of approximately $4 million to supply microwave backhaul solutions and turnkey services including installation, project management and commissioning to the Navajo Tribal Utility Authority (NTUA). To read the full news, click here.
  • AECOM Technology Corporation (NYSE: ACM) announced today that it has been awarded a contract worth approximately US$42 million by Malaysia's Land Public Transport Commission and Singapore's Land Transport Authority for an engineering study of the Malaysia-Singapore Rapid Transit System Link. To read the full newsclick here.
  • Salesforce.com (NYSE: CRM) today announced tremendous growth in Europe and plans to add more than 750 new jobs over the next couple of years to meet the growing demand for the social enterprise in the region. To read the full news, click here.

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

 

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