Market Overview

A Peek Into The Market Before The Trading Starts

A Peek Into The Market Before The Trading Starts
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Acacia Subsidiary Enters into Settlement and Patent License Agreement with Alcatel Lucent USA Inc.
US Stock Futures Jump Ahead Of GDP Report

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 33 points to 13,103.00 and S&P 500 index futures fell 4.90 points to 1,421.00. Nasdaq 100 futures tumbled 11.50 points to 2,649.00.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index fell 0.15%, London's FTSE 100 Index gained 0.17% and French CAC 40 Index declined 0.29%.

Asian markets ended higher, with China's Shanghai Composite gaining 0.27% and Australia's S&P/ASX 200 rising 0.22%. Hong Kong's Hang Seng Index climbed 0.16% and India's Sensex rose 0.07%.

Broker Recommendation Analysts at Susquehanna downgraded Pinnacle Entertainment (NYSE: PNK) from “positive” to “neutral.” The target price for Pinnacle Entertainment has been raised to $16.

Pinnacle Entertainment shares gained 0.06% to $16.21 in pre-market trading.

Breaking news

  • Acacia Research Corporation (NASDAQ: ACTG) announced today that its Criminal Activity Surveillance LLC subsidiary has entered into a settlement agreement with Siemens Industry (NYSE: SI) covering a patent directed to video analytics used in the field of security. To read the full news, click here.
  • National Health Investors (NYSE: NHI) announced today a $9 million purchase and leaseback transaction with Milestone Retirement Communities LLC. To read the full news, click here.
  • GSI Technology (NASDAQ: GSIT) today reported that the International Trade Commission has determined to review the initial determination of Chief Administrative Law Judge Charles E. Bullock in the patent litigation between GSI and Cypress Semiconductor (NASDAQ: CY). To read the full news, click here.
  • International Ltd. (NASDAQ: DATE) today announced that its board of directors has approved the appointment of Ms. Haiyan Gong as non-executive co-Chairman, alongside Jiayuan's existing Chairman Mr. Yongqiang Qian, effective from Monday, December 24th, 2012. To read the full news, click here.

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


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