A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 37 points to 15,020.00 and S&P 500 index futures declined 3.90 points to 1,626.90. Nasdaq 100 futures dropped 9 points to 2,972.00. A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index dropping 0.36%, London's FTSE 100 index fell 0.18%, French CAC 40 Index descend 0.50% and German DAX 30 index declined 0.25%. Asian markets were mostly lower, with Japan's Nikkei Stock Average declined 0.16%, China's Shanghai Composite descend 1.11% and Australia's S&P/ASX 200 index surged 0.15%. Hong Kong's Hang Seng Index dropping 0.26% and India's Sensex gained 0.16%. Broker Recommendation Analysts at Sterne Agee downgraded Cree CREE from “buy” to “neutral.” The target price for Cree has been lowered from $66.00 to $59.00. Cree's shares closed at $61.11 yesterday. Breaking news

• INTL FCStone Inc. INTL, a provider of execution and advisory services in commodities, currencies and international securities, today announced that it has agreed with Cleartrade Exchange (CLTX) to acquire immediate voting control and the right to acquire up to 90% of equity interest over a five-year period. To read the full news, click here.
• Snap-on Incorporated SNA, a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced that it has acquired Challenger Lifts, Inc. (“Challenger”) for approximately $38 million in cash. To read the full news, click here.
• Boeing BA and Turkish Airlines today finalized a firm order for 40 737 MAX 8s, 10 737 MAX 9s and 20 Next-Generation 737-800 jets, valued at $6.9 billion at list prices. To read the full news, click here.
• Hi-Crush Partners LP HCLP, or Hi-Crush, announced today that it has entered into a definitive agreement to acquire independent frac sand distributor D&I Silica, LLC (D&I), transforming Hi-Crush into an integrated producer, transporter, marketer and distributor of high-quality Northern White frac sand. To read the full news, click here.