Market Overview

A Peek Into The Market Before The Trading Starts

Related FB
Carter Worth's Alibaba Group Holding Ltd Analysis
2 Columbia Growth Funds Notch Impressive Three-Month Performance
Alibaba's IPO: Should You Buy Into the Hype? (Fox Business)
Related WHR
Top Performing Industries For September 15, 2014
GE Appliance to be Bought by Electrolux to Defy Whirlpool
GE Sells Appliances Unit to Electrolux for $3.3B (Fox Business)

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...

Partner Network

Get Benzinga's Newsletters