Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are mixed this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 5 points to 13,025.00 and S&P 500 index futures fell 1.20 points to 1,405.60. Nasdaq 100 futures gained 2.50 points to 2,643.00.

A Peek Into Global Markets European markets were mostly higher today. The STOXX Europe 600 Index climbed 0.50%, London's FTSE 100 Index rose 0.41%, French CAC 40 Index gained 0.50% and German DAX 30 index rose 0.53%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.21%, China's Shanghai Composite gaining 1.72% and Australia's S&P/ASX 200 dropping 1.22%. Hong Kong's Hang Seng index surged 0.83% and India's Sensex gained 0.36%.

Broker Recommendation SunTrust downgraded Hyatt Hotels (NYSE: H) from “buy” to “neutral.” The target price for Hyatt Hotels has been lowered from $48 to $42.

Hyatt Hotels shares fell 4.10% to close at $36.50 yesterday.

Breaking news

  • Dollar Thrifty Automotive Group (NYSE: DTG) reported upbeat third-quarter results. To read the full news, click here.
  • Hydrogenics Corporation (NASDAQ: HYGS) announced today that they have been awarded a contract by the High Technology Development Corporation (HTDC), Hawaii Center for Advanced Transportation Technology (HCATT), along with the U.S. Air Force Advanced Power Technology Office (APTO) to develop, fabricate and deliver a 100kW HyPM-OH outdoor containerized hydrogen power system. To read the full news, click here.
  • The Board of Directors of Wipro (NYSE: WIT) in their meeting held today, approved the demerger of the Wipro Consumer Care & Lighting (including Furniture business), Wipro Infrastructure Engineering (Hydraulics & Water businesses), and Medical Diagnostic Product & Services business (through its strategic joint venture), into a separate company to be named Wipro Enterprises Limited. To read the full news, click here.
  • ReneSola (NYSE: SOL) is proud to announce that its customer Solar Planet Power this month commissioned several ground and rooftop projects composed entirely of ReneSola modules at elementary and high schools in West Jefferson and Blacklick, Ohio. To read the full news, click here.

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

 

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