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 7 points to 13,494.00 and S&P 500 index futures fell 0.80 points to 1,449.00. Nasdaq 100 futures dropped 6.25 points to 2,771.25.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index fell 0.07%, London's FTSE 100 Index dropped 0.23%, French CAC 40 Index rose 0.14% and German DAX 30 index fell 0.48%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average dropping 1.06%, China's Shanghai Composite surging 1.97% and Australia's S&P/ASX 200 gaining 0.55%. Hong Kong's Hang Seng index rose 0.54% and India's Sensex gained 0.45%.

Broker Recommendation Analysts at Goldman Sachs upgraded Eli Lilly & Co (NYSE: LLY) from “sell” to “neutral.” The target price for Eli Lilly has been raised from $42 to $54.

Eli Lilly shares gained 1.40% to $51.49 in pre-market trading.

Breaking news

  • RADCOM (NASDAQ: RDCM) today announced a contract of approximately three million dollars from a major Tier 1 telecommunications services operator to purchase RADCOM's Omni-Q Service Assurance Solution for their 2G and 3G network. To read the full news, click here.
  • Concord Medical (NYSE: CCM) today announced that its board of directors has approved the extension of its previously announced share repurchase program, which was set to expire in October 2012. To read the full news, click here.
  • Astex Pharmaceuticals (NASDAQ: ASTX) announced that a $5 million dollar milestone was earned from Eisai Inc., for the first commercial sale of DACOGEN® in the European Union. To read the full news, click here.
  • Korn/Ferry International (NYSE: KFY) and SuccessFactors, an SAP company (NYSE: SAP) today announced a strategic partnership. To read the full news, click here.

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


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