US Stock Futures Down; ADP Report In Focus

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Pre-open movers
US stock futures fell in early pre-market trade. The ADP national employment report for September will be released at 8:15 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 83 points to 15,037.00, while the Standard & Poor's 500 index futures fell 12.10 points to 1,677.30. Futures for the Nasdaq 100 index dropped 18 points to 3,227.50.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 0.35%, London's FTSE 100 index dropping 0.87% and STOXX Europe 600 Index declining 0.61%. German DAX 30 index fell 0.62% and French CAC 40 Index declined 0.74%. UK construction PMI fell to 58.90 in September, from a prior reading of 59.10. Asian markets ended mostly higher today. Japan's Nikkei Stock Average fell 2.17%, Australia's ASX/S&P500 gained 0.17% and Hong Kong's Hang Seng Index surged 0.55%. Australia's trade deficit narrowed to A$815 million in August, from a deficit of A$1.4 billion in July.
Broker Recommendation
Analysts at Baird downgraded Tesla Motors
TSLA
from “buy” to “neutral.” The target price for Tesla Motors is set to $187. Tesla's shares dropped 2.78% to $187.64 in pre-market trading.
Breaking news
  • RCS Capital RCAP and Investors Capital Holdings ICH announced today that they have entered into a letter of intent relating to the acquisition by RCAP of ICH. To read the full news, click here.
  • Synergy Pharmaceuticals SGYP today announced plans to move forward this quarter with SP-333, its proprietary next-generation guanylate cyclase-C (GC-C) agonist, into a phase 2 study for the treatment of opioid-induced constipation (OIC). To read the full news, click here.
  • Allot Communications ALLT today announced it has received a new multimillion dollar order from a U.S.-based, multinational cloud provider for its Deep Packet Inspection-enabled Service Gateway solution. To read the full news, click here.
  • Profitero, the leading global provider of online competitor pricing data, today announced that Staples SPLS has chosen to partner with Profitero for price monitoring and collection across multiple European countries. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsBairdUS Stock Futures
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