Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 35 points to 14,000.00 and S&P 500 index futures fell 5.60 points to 1,507.50. Nasdaq 100 futures declined 7.50 points to 2,730.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 1%, London's FTSE 100 Index dropped 0.51%, French CAC 40 Index tumbled 1.22% and German DAX 30 index declined 0.90%.

Asian markets ended mixed, with Japan's Nikkei Stock Average gaining 0.41%, China's Shanghai Composite falling 0.26% and Australia's S&P/ASX 200 dropping 0.38%. Hong Kong's Hang Seng Index declined 0.61% and India's Sensex rose 0.30%.

Broker Recommendation Analysts at Jefferies upgraded Autodesk (NASDAQ: ADSK) from “hold” to “buy.” The target price for Autodesk has been raised from $40 to $45.

Autodesk shares gained 1.44% to close at $36.72 yesterday.

Breaking news

  • Logitech International (NASDAQ: LOGI) today announced an organizational alignment to the strategic priorities outlined by newly appointed CEO Bracken P. Darrell last month. To read the full news, click here.
  • Wright Medical Group (NASDAQ: WMGI) today announced that it has completed its acquisition of BioMimetic Therapeutics. To read the full news, click here.
  • JinkoSolar (NYSE: JKS) today announced the opening of its first sales office in Tokyo, Japan. To read the full news, click here.
  • Palatin Technologies (NYSE: PTN) announced bremelanotide 1.25 mg and 1.75 mg doses significantly increased sexual arousal, sexual desire and the number of sexually satisfying events, and decreased associated distress in premenopausal women with female sexual dysfunction. To read the full news, click here.

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

 

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