A Peek Into The Market Before The Trading Starts

US stock futures are lower this morning, after a strong decline in global stock markets. Futures for the Dow Jones Industrial Average tumbled 140 points to 12,633.00 and S&P 500 index futures fell 14 points to 1,344.20. Nasdaq 100 futures dropped 30.75 points to 2,582.50.

European markets were lower today. The STOXX Europe 600 Index declined 1.93%, French CAC 40 index fell 2.05%. London's FTSE 100 Index moved down 1.67% and German DAX 30 index dropped 1.60%. Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.86%, China's Shanghai Composite falling 1.26% and Australia's S&P/ASX 200 moving down 1.69%. Hong Kong's Hang Seng index dropped 2.99% and India's Sensex fell 1.64%.

Analysts at RBC Capital downgraded Textron

from “outperform” to “sector perform.” The target price for Textron has been lowered from $32 to $28. Textron shares fell 0.72% to close at $26.31 on Friday.