Market Overview

A Peek Into The Market Before The Trading Starts

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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

 

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