Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 25 points to 13,445.00 and S&P 500 index futures fell 2.70 points to 1,451.30. Nasdaq 100 futures declined 4 points to 2,842.25.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.63%, London's FTSE 100 Index dropped 0.69%, French CAC 40 Index fell 1.08% and German DAX 30 index declined 0.99%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.39%, China's Shanghai Composite dropping 0.91% and Australia's S&P/ASX 200 dropping 0.09%. Hong Kong's Hang Seng Index fell 0.27% and India's Sensex declined 0.25%.

Broker Recommendation Analysts at Bank of America upgraded Pall (NYSE: PLL) from “underperform” to “neutral.” The target price for Pall has been raised from $52 to $65.

Pall shares dropped 1.30% to close at $63.25 yesterday.

Breaking news

  • VIVUS (NASDAQ: VVUS) today announced the U.S. market availability of Qsymia™. To read the full news, click here.
  • Global Cash Access, a wholly owned subsidiary of Global Cash Access Holdings (NYSE: GCA), is pleased to announce solidifying a strategic partnership with FutureLogic. To read the full news, click here.
  • ZAGG (NASDAQ: ZAGG) has released a complete line of products to protect, personalize and enhance the new Apple (NASDAQ: AAPL) iPhone 5. To read the full news, click here.
  • RadNet (NASDAQ: RDNT) today announced that it has begun a process to refinance its existing term loan and revolving credit facility under which, as of June 30, 2012, it had approximately $338.1 million of total debt outstanding, consisting of $278.6 million of senior secured term debt and $59.5 million outstanding under its senior secured revolving credit facility. To read the full news, click here.

Posted-In: Bank of America US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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