US Stock Futures Edge Lower Ahead Of GDP, Jobless Claims Data

US stock futures fell in early pre-market trade, ahead of economic data. Data on Q3 GDP and weekly jobless claims will be released at 8:30 a.m. ET. Data on consumer credit for September will be released at 3:00 p.m. ET. Futures for the Dow Jones Industrial Average tumbled 15 points to 15,668.00, while the Standard & Poor's 500 index futures fell 2.90 points to 1,762.70. Futures for the Nasdaq 100 index dropped 5.75 points to 3,370.25.

European markets were mostly lower today, with the Spanish Ibex Index falling 0.22%, London's FTSE 100 index dropping 0.18% and STOXX Europe 600 Index declining 0.04%. German DAX 30 index rose 0.08% and French CAC 40 Index declined 0.10%. Spain's industrial output rose 1.4% y/y in September. Asian markets ended lower today. Japan's Nikkei Stock Average tumbled 0.76%, China's Shanghai Composite dropped 0.48% and Hong Kong's Hang Seng Index declined 0.68%. Australia's ASX/S&P500 fell 0.20% and India's BSE Sensex tumbled 0.35%. Australia's unemployment rate came in unchanged at 5.7% in October.

Analysts at Brean Capital upgraded American Eagle Outfitters

from “hold” to “buy.” The target price for American Eagle Outfitters is set to $20. American Eagle's shares closed at $14.65 yesterday.