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. 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

 

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