Market Overview

A Peek Into The Market Before The Trading Starts

Share:
A Peek Into The Market Before The Trading Starts
Related FB
Axiom: Facebook Is Worth $105/Share
BlackBerry Is 'Catering To Entrepreneurs' As They Move Away From Android
Google Online Ad Lead Seen Safe Despite Naysayers (Investor's Business Daily)
Related WHR
Top Performing Industries For March 2, 2015
Top Performing Industries For February 4, 2015
Whirlpool: Profiting From The Elephant In The Room (Seeking Alpha)

Pre-open movers US stock futures are slightly lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 11 points to 13,827.00 and S&P 500 index futures fell 1.60 points to 1,493.70. Nasdaq 100 futures declined 9 points 2,726.75.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.50%, London's FTSE 100 Index dropped 0.55%, German DAX 30 Index fell 0.46% and French CAC 40 Index declined 0.91%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 0.22%, China's Shanghai Composite surging 0.12% and Australia's S&P/ASX 200 Index dropping 0.37%. Hong Kong's Hang Seng Index declined 0.39% and India's Sensex dropped 0.55%.

Broker Recommendation Analysts at Citigroup downgraded Facebook (NASDAQ: FB) from “buy” to “neutral.” The target price for Facebook is set to $30.

Facebook shares dropped 5.73% to $29.45 in pre-market trading.

Breaking news

  • Whirlpool (NYSE: WHR) reported a 40% drop in its fourth-quarter profit. To read the full news, click here.
  • Acacia Research (NASDAQ: ACTG) announced today that a subsidiary has acquired patents relating to vascular device technology. To read the full news, click here.
  • Time Warner Cable (NYSE: TWC) today announced that the Company raised its regular quarterly dividend by 16 percent to $0.65 per share; $2.60 per share on an annualized basis. To read the full news, click here.
  • CreXus Investment (NYSE: CXS) announced today that it has entered into a definitive merger agreement pursuant to which Annaly Capital Management (NYSE: NLY) will acquire all of the outstanding shares of common stock of the Company not currently owned by Annaly for $13.00 per share in cash. To read the full news, click here.

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

 

Related Articles (ACTG + CXS)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content