Market Overview

A Peek Into The Market Before The Trading Starts

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MYR Group (MYRG) in Focus: Stock Falls 5.3% - Tale of the Tape
UPDATE: Bank Of America Reiterates On Sealed Air Following Very Impressive Quarter

Pre-open movers US stock futures are mostly lower this morning, as investors are awaiting earnings from Goldman Sachs Group (NYSE: GS). Futures for the Dow Jones Industrial Average dropped 31 points to 13,430.00 and S&P 500 index futures fell 2.50 points to 1,462.70. Nasdaq 100 futures gained 2 points to 2,716.25.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.32%, London's FTSE 100 Index dropped 0.45%, German DAX 30 Index dropped 0.28% and French CAC 40 Index fell 0.28%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 2.56%, China's Shanghai Composite dropping 0.70% and Australia's S&P/ASX 200 Index rising 0.46%. Hong Kong's Hang Seng Index fell 0.10% and India's Sensex tumbled 0.85%.

Broker Recommendation Analysts at Citigroup upgraded Sealed Air (NYSE: SEE) from “neutral” to “buy.” The target price for Sealed Air has been raised from $18 to $22.

Sealed Air shares gained 0.71% to $18.41 in pre-market trading.

Breaking news

  • Cognizant (NASDAQ: CTSH) today announced that it has been selected by Rabobank to deliver a broad portfolio of application services to drive operational efficiencies and improve productivity. To read the full news, click here.
  • RRsat Global Communications Network (NASDAQ: RRST) announced today that it has signed a joint venture agreement with Keshet Media Group. RRsat will provide Keshet with a wide range of its services. To read the full news, click here.
  • Entropic (NASDAQ: ENTR) today announced its set-top box (STB) system-on-a-chip (SoC) technology, the CX2448x, has been deployed by India's leading cable multi-system operator (MSO), InCablenet. To read the full news, click here.
  • KKR (NYSE: KKR) today announced that Jorge Fergie is joining the firm as Managing Director to head its São Paulo, Brazil office and business development in Brazil, effective March 1, 2013. To read the full news, click here.

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

 

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