Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are slightly higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 18 points to 12,881.00 and S&P 500 index futures rose 1.10 points to 1,390.20. Nasdaq 100 futures climbed 4.50 points to 2,614.50.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index surged 0.22%, London's FTSE 100 Index rose 0.24%, French CAC 40 Index climbed 0.45% and German DAX 30 index gained 0.55%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 1.51%, China's Shanghai Composite dropping 1.63% and Australia's S&P/ASX 200 dropping 0.71%. Hong Kong's Hang Seng index fell 2.41% and India's Sensex declined 0.30%.

Broker Recommendation Analysts at Jefferies downgraded Autodesk (NASDAQ: ADSK) from “buy” to “hold.” The target price for Autodesk has been lowered from $39 to $34.

Autodesk shares dropped 2.59% to close at $31.57 yesterday.

Breaking news

  • Perion Network (NASDAQ: PERI), today announced the acquisition of SweetIM (a.k.a. “SweetPacks”), an Israeli consumer internet company. To read the full news, click here.
  • AutoNavi Holdings Limited (NASDAQ: AMAP) today announced that the company's premium navigation application is pre-installed on the China version of the Samsung (OTC: SSNLF) GALAXY Note II, which was officially launched in late October. To read the full news, click here.
  • Portland General Electric Co (NYSE: POR) reported a 41% surge in its third-quarter earnings. To read the full news, click here.
  • Walmart (NYSE: WMT) unveils its best Black Friday assortment and pricing ever offered. Revealed to customers on Walmart.com, its Facebook wall and mobile app, the retailer's Black Friday circular showcases hundreds of brand name electronics, toys, apparel, sporting goods and items for the home – backed by Walmart's ad match guarantee – available during three events starting at 8 p.m. on November 22. To read the full news, click here.

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

 

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