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 97 points to 14,950.00 and S&P 500 index futures fell 13.20 points to 1,610.50. Nasdaq 100 futures declined 27.75 points to 2,928.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 2.21%, London's FTSE 100 index dropped 2.44%, French CAC 40 Index declined 2.49% and German DAX 30 index dipped 2.47%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 1.74%, China's Shanghai Composite dropping 2.77% and Australia's ASX/S&P500 falling 2.02%. Hong Kong's Hang Seng Index declined 2.88% and India's Sensex tumbled 2.72%.

Broker Recommendation Analysts at JP Morgan downgraded FedEx (NYSE: FDX) from “overweight” to “neutral.” The target price for FedEx has been lowered from $116 to $108.

FedEx's shares closed at $100.54 yesterday.

Breaking news

  • IHS (NYSE: IHS) reported a drop in its second-quarter net income. To read the full news, click here.
  • Pluristem Therapeutics (NASDAQ: PSTI) announced today that preclinical results for its Placental eXpanded (PLX) RAD cells in the treatment of bone marrow disease have been published in peer reviewed journal PLOS ONE. To read the full news, click here.
  • Expanding on a collaboration with a proven track record of success, LG Electronics (LG), Qualcomm Incorporated, and its wholly-owned subsidiary, Qualcomm Technologies (NASDAQ: QCOM) today announced that the successor to the award-winning LG Optimus will utilize Qualcomm® Snapdragon™ 800 processor, the industry's most advanced mobile chipset. To read the full news, click here.
  • Microsemi (NASDAQ: MSCC) and Future Electronics, a world-class leader and innovator in the distribution and marketing of electronic components, today announced that the two companies have entered into a broad-based, global distribution agreement. To read the full news, click here.

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

 

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