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 home sales data. Futures for the Dow Jones Industrial Average dropped 6 points to 13,399.00 and S&P 500 index futures fell 0.80 points to 1,436.40. Nasdaq 100 futures declined 3.25 points to 2,800.00.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 1.37%, London's FTSE 100 Index dropped 1.18%, French CAC 40 Index fell 2.03% and German DAX 30 index declined 1.60%.

Asian markets ended lower, with Japan's Nikkei Stock Average tumbling 2.03%, China's Shanghai Composite dropping 1.24% and Australia's S&P/ASX 200 dropping 0.30%. Hong Kong's Hang Seng Index fell 0.83% and India's Sensex declined 0.33%.

Broker Recommendation Analysts at Goldman Sachs upgraded Transocean Ltd (NYSE: RIG) from “sell” to “neutral.” The target price for Transocean has been raised from $52 to $54.

Transocean shares gained 0.86% to $47.27 in pre-market trading.

Breaking news

  • Dollar Thrifty Automotive Group (NYSE: DTG) today announced the expiration of the "go-shop" period established pursuant to the terms of its previously announced merger agreement, dated as of August 26, 2012, with Hertz Global Holdings (NYSE: HTZ). To read the full news, click here.
  • F5 Networks (NASDAQ: FFIV) today announced the F5® Network Virtualization Solution for Microsoft Windows Server 2012 Hyper-V. To read the full news, click here.
  • RadioShack (NYSE: RSH) announced today that its Board of Directors and James F. Gooch have agreed that Mr. Gooch will step down from his positions as chief executive officer and director of the Company, effective immediately. To read the full news, click here.
  • Abaxis (Nasdaq: ABAX) announced today that a settlement had been reached in its lawsuit with Cepheid (NASDAQ: CPHD), over several Abaxis patents relating to reagent and chemical compositions and processes. To read the full news, click here.

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

 

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