Market Overview

A Peek Into The Market Before The Trading Starts

Related SO
Southern Company Q2 Earnings Top on Strong Electricity Sales
Earnings Scheduled For July 30, 2014
Related DOX
Cisco to Acquire Tail-f for $175M to Expand Cloud Service - Analyst Blog
Updated Research Report on Amdocs - Analyst Blog

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 44 points to 14,030.00 and S&P 500 index futures fell 5.30 points to 1,511.20. Nasdaq 100 futures declined 13.25 points to 2,735.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.29%, London's FTSE 100 Index dropped 0.52%, French CAC 40 Index tumbled 0.23% and German DAX 30 index declined 0.54%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average gaining 0.40%, China's Shanghai Composite falling 3.65% and Australia's S&P/ASX 200 dropping 1.42%. Hong Kong's Hang Seng Index declined 1.50% and India's Sensex fell 0.21%.

Broker Recommendation Analysts at Citigroup downgraded Southern Company (NYSE: SO) from “buy” to “neutral.” The target price for Southern Company has been lowered from $48 to $46.

Southern Company shares fell 0.40% to close at $44.83 on Friday.

Breaking news

  • Singapore Telecommunications (SingTel) and Amdocs (NYSE: DOX), the leading provider of customer experience systems and services, today announced the opening of a joint development center in Israel. To read the full news, click here.
  • Lime Energy (NASDAQ: LIME) today announced that, On March 1, 2013, Lime Energy received a second compliance notice from The NASDAQ Stock Market Market indicating that it has not regained compliance with the minimum bid price requirement of $1.00 as set forth in NASDAQ Marketplace Rule 5550(a)(2). To read the full news, click here.
  • Spansion (NYSE: CODE) United Microelectronics Corporation (NYSE: UMC), today announced the joint development of a 40nm process that integrates UMC's 40nm LP logic process with Spansion® proprietary embedded Charge Trap (eCT)TM Flash memory technology. To read the full news, click here.
  • ReachLocal (NASDAQ: RLOC) today announced that its Board of Directors has amended its previously announced share repurchase program to increase the total authorized repurchase amount by $21 million, to a total authorization of $47 million. To read the full news, click here.

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

 

Related Articles (DOX + CODE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters