Market Overview

A Peek Into The Market Before The Trading Starts

Related OTEX
Open Text Explodes On Earnings Beat: Analysts Like What They See
Dow Suffers 300 Point Drop; S&P 500 And NASDAQ Also Tumble
Related KITD
KIT digital to Change Auditors and Announces Delisting From NASDAQ
UPDATE: KIT digital Announces Receipt of Notice From NASDAQ

Pre-open movers US stock futures are slightly lower this morning. Futures for the Dow Jones Industrial Average dropped 12 points to 13,506.00 and S&P 500 index futures fell 2.30 points to 1,456.70. Nasdaq 100 futures declined 3.25 points to 2,847.00.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index fell 0.33%, London's FTSE 100 Index dropped 0.31%, French CAC 40 Index fell 0.61% and German DAX 30 index declined 0.22%.

Asian markets ended mostly higher, with China's Shanghai Composite dropping 2.14% and Australia's S&P/ASX 200 rising 0.26%. Hong Kong's Hang Seng Index climbed 0.14% and India's Sensex rose 0.42%.

Broker Recommendation Analysts at Piper Jaffray downgraded Open Table (NASDAQ: OTEX) from “overweight” to “neutral.” The target price for Open Table has been raised from $45 to $49.

Open Table shares gained 2.17% to close at $57.03 on Friday.

Breaking news

  • KIT digital (NASDAQ: KITD) today announced the implementation of significant workforce reductions pursuant to the restructuring program announced earlier this year. To read the full news, click here.
  • Complete Genomics (NASDAQ: GNOM) and BGI-Shenzhen, a leading international genomics company based in Shenzhen, China, today announced that they have entered into a definitive merger agreement. To read the full news, click here.
  • Lowe's Companies (NYSE: LOW) announced today it has formally withdrawn its non-binding proposal dated July 8, 2012 to the Board of Directors of RONA Inc to acquire all of the issued and outstanding common shares of RONA for C$14.50 in cash per share. To read the full news, click here.
  • Heska (NASDAQ: HSKA) today announced that its Board of Directors has declared a cash dividend of $0.10 per share to its stockholders. To read the full news, click here.

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

 

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