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A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are mostly flat this morning, as investors are awaiting earnings from Wells Fargo & Company (NYSE: WFC). Futures for the Dow Jones Industrial Average dropped 7 points to 13,398.00 and S&P 500 index futures fell 0.60 points to 1,466.50. Nasdaq 100 futures rose 0.25 points to 2,737.25.

A Peek Into Global Markets European markets were mixed today. The STOXX Europe 600 Index declined 0.09%, London's FTSE 100 Index rose 0.16%, German DAX 30 Index gained 0.10% and French CAC 40 Index fell 0.16%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 1.40%, China's Shanghai Composite dipping 1.78% and Australia's S&P/ASX 200 Index dropping 0.24%. Hong Kong's Hang Seng Index fell 0.39% and India's Sensex rose 0.09 points.

Broker Recommendation Analysts at BMO Capital downgraded Research In Motion (NASDAQ: RIMM) from “market perform” to “underperform.” The target price for Research In Motion has been lowered from $12 to $9.

Research In Motion shares dropped 2.27% to $11.65 in pre-market trading.

Breaking news

  • Sohu.com (NASDAQ: SOHU) today announces changes in the duties of some members of management and the creation of the new position of chief information officer at its online game subsidiary, Changyou.com Limited (NASDAQ: CYOU) to support Changyou's strategic initiatives. To read the full news, click here.
  • Kingold Jewelry (NASDAQ: KGJI) today announced that the Company has entered into a Subscription Agreement with three individuals providing for the sale of 7,000,000 shares of its common stock at a price of $1.80 per share for gross proceeds of $12,600,000. To read the full news, click here.
  • Infosys (NASDAQ: INFY) reported upbeat third-quarter profit and lifted its revenue outlook. To read the full news, click here.
  • Ford Motor Company (NYSE: F) plans to hire 2,200 salaried workers in the U.S. this year – the largest increase in new salaried workers in more than a decade – to support the continued aggressive pace of new Ford product introductions. To read the full news, click here.

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

 

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