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 tumbled 104 points to 14,581.00 and S&P 500 index futures fell 11.90 points to 1,556.20. Nasdaq 100 futures dropped 23.25 points to 2,802.75.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.85%, London's FTSE 100 Index dropped 0.52%, French CAC 40 Index declined 1.06% and German DAX 30 index fell 1.21%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 1.22%, China's Shanghai Composite falling 0.05% and Australia's S&P/ASX 200 gaining 1%. Hong Kong's Hang Seng fell 0.47% and India's Sensex declined 0.07%.

Broker Recommendation Analysts at Bank of America upgraded Yahoo! (NASDAQ: YHOO) from “neutral” to “buy.” The target price for Yahoo has been raised from $25 to $28.

Yahoo shares dropped 2.02% to $23.31 in pre-market trading.

Breaking news

  • BioLineRx (NASDAQ: BLRX) announced today positive Phase IIa results for BL-7040, an orally available drug for treating inflammatory bowel disease (IBD). To read the full news, click here.
  • Pharming Group NV and Santarus (NASDAQ: SNTS) today announced the submission of a Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) to obtain marketing approval for RUCONEST® (recombinant human C1 esterase inhibitor) 50 U/kg, an investigational drug for the treatment of acute angioedema attacks in patients with hereditary angioedema (HAE). To read the full news, click here.
  • Quest Diagnostics (NYSE: DGX) reported a 15% drop in its first-quarter earnings. To read the full news, click here.
  • PNC Financial Services Group (NYSE: PNC) reported a 26% rise in its first-quarter earnings. 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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