Market Overview

A Peek Into The Market Before The Trading Starts

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Canaccord Initiates Coverage On Cable & Broadcast Companies
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Related LMNR
Limoneira Co Says Chairman Alan M. Teague Dies - DJ
Earnings Scheduled For September 9, 2014

Pre-open movers US stock futures are lower this morning, as investors are awaiting weekly jobless claims data. Futures for the Dow Jones Industrial Average tumbled 66 points to 13,890.00 and S&P 500 index futures fell 5.70 points to 1,511.40. Nasdaq 100 futures dropped 11.50 points to 2,758.75.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.47%, London's FTSE 100 Index dropped 0.77%, German DAX 30 Index declined 1.16% and French CAC 40 Index fell 0.89%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.50% and Australia's S&P/ASX 200 Index gaining 0.65%. Hong Kong's Hang Seng Index gained 0.85% and India's Sensex dropped 0.57%.

Broker Recommendation Analysts at RBC Capital downgraded Time Warner Cable (NYSE: TWC) from “outperform” to “sector perform.” The target price for Time Warner Cable is set to $97.

Time Warner Cable shares fell 1.21% to close at $86.76 yesterday.

Breaking news

  • Limoneira Company (NASDAQ: LMNR) today announced that it has priced a public offering of 1,800,000 shares of its common stock at a public offering price of $18.50 per share, for total gross proceeds of approximately $33.3 million. To read the full news, click here.
  • Endeavour International Corporation (NYSE: END) announced today that its Board of Directors has authorized the Company's management team to explore a broad range of strategic alternatives to further enhance shareholder value. To read the full news, click here.
  • Artio Global Investors (NYSE: ART), today announced that it has entered into an agreement and plan of merger with Aberdeen Asset Management PLC, a global asset management firm listed on the London Stock Exchange, pursuant to which Aberdeen will acquire Artio Global for $2.75 in cash per share. To read the full news, click here.
  • Anheuser-Busch InBev (NYSE: BUD) and Constellation Brands (NYSE: STZ) today announced a revised agreement that establishes Crown Imports as the #3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo's U.S. business. To read the full news, click here.

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

 

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