A Peek Into The Market Before The Trading Starts
Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 31 points to 12,732.00 and S&P 500 index futures fell 3.60 points to 1,347.10. Nasdaq 100 futures declined 6.75 points to 2,610.50.
A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.47%, London's FTSE 100 Index dropped 0.62%, French CAC 40 index fell 0.42% and German DAX 30 index declined 0.43%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 0.82%, Chinese Shanghai Composite dropping 1.40% and Australia's S&P/ASX 200 dropping 1.03%. Hong Kong's Hang Seng index declined 1.30% and India's Sensex gained 0.80%.
Broker Recommendation Analysts at Credit Suisse downgraded HEICO (NYSE: HEI) from “outperform” to “neutral.” The target price for HEICO has been lowered from $50 to $43.
HEICO shares gained 0.45% to close at $40.31 yesterday.
- AECOM Technology (NYSE: ACM)announced today that it is part of a consortium that has been awarded a US$555-million contract for a package of work on Australia's Regional Rail Link in the state of Victoria. To read the full news, click here.
- Cabot (NYSE: CBT) entered into an agreement to purchase Norit NV, the global leader in activated carbon from affiliates of Doughty Hanson & Co. Managers Limited and Euroland Investments B.V. for $1.1 billion, company officials announced today. To read the full news, click here.
- Pfizer (NYSE: PFE) announced today that the U.S. Food and Drug Administration (FDA) approved the use of Lyrica® (pregabalin) capsules CV for the management of neuropathic pain associated with spinal cord injury. To read the full news, click here.
- Lakes Entertainment (NASDAQ: LACO) announced that the Maryland Board of Public Works approved the Maryland Economic Development Corporation's sale of the Rocky Gap Lodge & Golf Resort in Cumberland Maryland to Evitts Resort LLC, Lakes' wholly owned subsidiary. To read the full news, click here.
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