Market Overview

A Peek Into The Market Before The Trading Starts

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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 (www.amazon.com.br) 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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