Market Overview

A Peek Into The Market Before The Trading Starts

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The Ensign Group Announces Final Settlement With U.S. Department of Justice
UPDATE: Oppenheimer Raises PT on The Ensign Group Following Management Meetings

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 20 points to 13,326.00 and S&P 500 index futures fell 1.50 points to 1,456.20. Nasdaq 100 futures declined 1.75 points to 2,711.25.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.23%, London's FTSE 100 Index dropped 0.30%, German DAX 30 Index declined 0.57% and French CAC 40 Index fell 0.60%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.83%, China's Shanghai Composite gaining 0.37% and Australia's S&P/ASX 200 Index dropping 0.10%. Hong Kong's Hang Seng Index fell 0.01% and India's Sensex declined 0.47%.

Broker Recommendation Analysts at Jefferies upgraded Walgreen Co (NYSE: WAG) from “hold” to “buy.” The target price for Walgreen has been raised from $40 to $47.

Walgreen shares dropped 1.61% to close at $37.18 on Friday.

Breaking news

  • Ensign Group (NASDAQ: ENSG) announced today that it has acquired Emblem Hospice, located in Mesa, Arizona, and Vesper Hospice, located in Pasadena, California, from Saint Jude Hospice, a well-regarded hospice operator headquartered in Iowa. To read the full news, click here.
  • DaVita, the kidney care division of DaVita HealthCare Partners (NYSE: DVA) and a leading provider of kidney care services, today announced it has acquired nine dialysis centers from Fresenius Medical Care (NYSE: FMS). To read the full news, click here.
  • Illumina (NASDAQ: ILMN) today announced that it has signed a definitive agreement to acquire Verinata Health for consideration of $350 million plus up to $100 million in milestone payments through 2015. To read the full news, click here.
  • NextGen Healthcare Information Systems LLC, a wholly owned subsidiary of Quality Systems (NASDAQ: QSII), announced today it has entered into a strategic agreement with Medline Industries. To read the full news, click here.

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

 

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