Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are mostly flat this morning, as investors are awaiting housing data. Futures for the Dow Jones Industrial Average dropped 4 points to 14,397.00 and S&P 500 index futures rose 0.90 points to 1,548.10. Nasdaq 100 futures declined 0.75 points to 2,789.00.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.36%, London's FTSE 100 Index dropped 0.34%, French CAC 40 Index fell 0.80% and German DAX 30 index declined 0.50%.

Asian markets ended mixed, with Japan's Nikkei Stock Average surging 2.03%, China's Shanghai Composite rising 0.78% and Australia's S&P/ASX 200 tumbling 0.46%. Hong Kong's Hang Seng Index dropped 0.19% and India's Sensex tumbled 1.48%.

Broker Recommendation Analysts at Bank of America downgraded Radioshack (NYSE: RSH) from “buy” to “neutral.” The target price for Radioshack has been raised from $3.50 to $4.

Radioshack shares fell 2.44% to $3.60 in pre-market trading.

Breaking news

  • Emeritus Corporation (NYSE: ESC) today announced the closing of its previously announced secondary public offering of 7,973,600 shares of Emeritus Corporation common stock sold by certain selling shareholders, as well as the simultaneous closing of the issuance and sale of an additional 1,196,040 shares of the Company's common stock pursuant to the full exercise of the underwriter's over-allotment option to purchase additional shares. To read the full news, click here.
  • Walgreen Co. (NYSE: WAG) and Alliance Boots GmbH, a leading international pharmacy-led health and beauty group, today announced that they have entered into an innovative long-term partnership with AmerisourceBergen (NYSE: ABC), one of North America's largest pharmaceutical services companies. To read the full news, click here.
  • NPS Pharmaceuticals (NASDAQ: NPSP) and Takeda Pharmaceutical Company Limited announced today that NPS has re-gained the full worldwide rights to teduglutide (trade name in Europe: Revestive®) and recombinant human parathyroid hormone 1-84 (PTH 1-84) (trade name in Europe: Preotact®). To read the full news, click here.
  • Envivio (NASDAQ: ENVI) today announced an integration with the new Vinson mobile TV solution, and deployment of the joint solution for three broadcasters in Belgium. To read the full news, click here.

Posted-In: Bank of America US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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