Market Overview

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Pre-open movers US stock futures are lower this morning, ahead of the minutes of the recent Fed meeting. Futures for the Dow Jones Industrial Average dropped 27 points to 13,172.00 and S&P 500 index futures fell 4.30 points to 1,408.20. Nasdaq 100 futures declined 7.50 points to 2,766.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index declined 0.86%, French CAC 40 index dropped 0.94%. London's FTSE 100 Index moved down 1.07% and German DAX 30 index fell 0.86%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.27%, China's Shanghai Composite dropping 0.50% and Australia's S&P/ASX 200 moving down 0.17%. Hong Kong's Hang Seng index dropped 1.06% and India's Sensex fell 0.21%.

Broker Recommendation Analysts at JPMorgan downgraded GlaxoSmithKline plc (NYSE: GSK) from “neutral” to “underweight.”

GlaxoSmithKline shares dropped 0.78% to $45.71 in pre-market trading.

Breaking news

  • Acacia Research (NASDAQ: ACTG) announced today that a subsidiary has acquired rights to patents for 360 degree view technology. To read the full news, click here.
  • Vishay Precision Group (NYSE: VPG) announced Wednesday that the company has renewed its distribution partnership with Taiwan-based Fullyearn (http://www.fullyearn.com.tw/). To read the full news, click here.
  • Amazon (NASDAQ: AMZN) today launched the India Kindle Store on Amazon.com (www.amazon.com/kindlestoreindia) with the largest selection, including the most bestsellers, and lowest prices of any e-bookstore in India. To read the full news, click here.
  • Alvarion Ltd (NASDAQ: ALVR) announced today, that AirNet Ltd., a local ISP in Bulgaria, deployed its carrier-grade Wi-Fi solution for delivering wireless connectivity at the Albena Resort area along the coast of the Black Sea in Bulgaria. To read the full news, click here.

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

 

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