Market Overview

A Peek Into The Market Before The Trading Starts

Related STJ
UPDATE: St. Jude Posts Upbeat Q3 Earnings, Lowers Forecast
Earnings Scheduled For October 15, 2014
Making Money With Charles Payne: 11/24/14 (Fox Business)
Related RRD
From 13G: RR Donnelley & Sons Holder Capital Research Reports 10.9% Stake
Benzinga's Top Downgrades

Pre-open movers US stock futures are mixed this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 2 points to 13,491.00 and S&P 500 index futures fell 2.10 points to 1,455.00. Nasdaq 100 futures declined 3.25 points to 2,767.25.

A Peek Into Global Markets European markets were mixed today. The STOXX Europe 600 Index fell 0.03%, London's FTSE 100 Index gained 0.02%, French CAC 40 Index dropped 0.25% and German DAX 30 index rose 0.36%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 2%, China's Shanghai Composite gaining 1.24% and Australia's S&P/ASX 200 rising 0.66%. Hong Kong's Hang Seng index rose 0.48% and India's Sensex gained 0.97%.

Broker Recommendation Analysts at Goldman Sachs downgraded St. Jude Medical (NYSE: STJ) from “buy” to “neutral.” The target price for St. Jude Medical has been lowered from $48 to $42.

St. Jude Medical shares dropped 4.87% to close at $40.85 yesterday.

Breaking news

  • R. R. Donnelley (NASDAQ: RRD) today announced that it has been awarded a $25 million multi-year agreement by Parke-Bell Ltd, Inc. to provide prepress, printing, binding, and logistics services for the company's Touch of Class catalogs. To read the full news, click here.
  • Polaris Industries (NYSE: PII) reported upbeat third-quarter results and lifted its full-year view. To read the full news, click here.
  • Ally Financial (OTC: ALFI) today announced that it has reached an agreement to sell its Mexican insurance business, ABA Seguros, to the ACE Group (NYSE: ACE), one of the world's largest multiline property and casualty insurers. To read the full news, click here.
  • Palo Alto Networks (NYSE: PANW) announced the pricing of 4,800,000 shares of its common stock at $63.00 per share in a secondary offering. To read the full news, click here.

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

 

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