Market Overview

A Peek Into The Market Before The Trading Starts

A Peek Into The Market Before The Trading Starts
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The9 Announces Sale of 30% Stake in Red5 For $76.5M Stock of Acquiring Company
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Pre-open movers US stock futures are slightly lower this morning, as investors are awaiting weekly jobless claims data. Futures for the Dow Jones Industrial Average dropped 6 points to 13,018.00 and S&P 500 index futures fell 2.10 points to 1,406.20. Nasdaq 100 futures declined 2.50 points to 2,635.00.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.40%, London's FTSE 100 Index gained 0.10%, French CAC 40 Index surged 0.25% and German DAX 30 index rose 0.93%.

Asian markets ended mixed, with Japan's Nikkei Stock Average rising 0.81%, China's Shanghai Composite falling 0.13% and Australia's S&P/ASX 200 dropping 0.27%. Hong Kong's Hang Seng Index fell 0.09% and India's Sensex climbed 0.49%.

Broker Recommendation Analysts at RW Baird upgraded Starbucks (NASDAQ: SBUX) from “neutral” to “outperform.” The target price for Starbucks has been raised from $55 to $62.

Starbucks shares gained 0.93% to $51.26 in pre-market trading.

Breaking news

  • The9 Limited (NASDAQ: NCTY) today announced that its Board of Directors has authorized a share repurchase program under which the Company may purchase up to U.S. $10 million of its American Depositary Shares over the next 12 months. To read the full news, click here.
  • Amazon (NASDAQ: AMZN) today launched the Brazil Kindle Store ( with the largest selection of the most popular books, including the most Veja best sellers and lowest prices of any eBookstore in Brazil. To read the full news, click here.
  • Boeing (NYSE: BA) and Icelandair announced a commitment today for 12 737 MAXs, valued at more than $1.2 billion at list prices. To read the full news, click here.
  • Research In Motion (NASDAQ: RIMM) today announced the BlackBerry(R) 10 Ready Program. To read the full news, click here.

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


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