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, as investors are awaiting ISM manufacturing data. Futures for the Dow Jones Industrial Average dropped 8 points to 13,071.00 and S&P 500 index futures fell 2.20 points to 1,402.90. Nasdaq 100 futures declined 2.25 points to 2,768.75.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index declined 0.69%, French CAC 40 index dropped 0.64%. London's FTSE 100 Index moved down 1% and German DAX 30 index fell 0.52%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.10%, China's Shanghai Composite dropping 0.75% and Australia's S&P/ASX 200 moving down 0.60%. Hong Kong's Hang Seng index declined 0.66% and India's Sensex gained 0.32%.

Broker Recommendation Analysts at Piper Jaffray upgraded Big 5 Sporting Goods (NASDAQ: BGFV) from “neutral” to “overweight.” The target price for Big 5 Sporting Goods has been raised from $8 to $12.

Big 5 Sporting Goods shares gained 1.03% to close at $8.52 on Friday.

Breaking news

  • Korn/Ferry International (NYSE: KFY) today announced that it has acquired Boston-based Global Novations, LLC, a widely respected, global provider of diversity, inclusion and leadership development solutions. To read the full news, click here.
  • Cenovus Energy (NYSE: CVE) is producing oil from phase D at its Christina Lake oil sands operation approximately three months ahead of schedule and within budget. To read the full news, click here.
  • Hornbeck Offshore Services (NYSE: HOS) announced today that it has expanded its OSV Newbuild Program #5 and has commenced a new 200 Class OSV Retrofit Program, among other recent developments. To read the full news, click here.
  • Magellan Petroleum (NASDAQ: MPET) today announced that it has appointed C. Mark Brannum as its new Vice President - General Counsel and Secretary effective September 5, 2012. To read the full news, click here.

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

 

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