US Stock Futures Fall Ahead Of Earnings, Jobless Claims Data

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Pre-open movers
US stock futures dropped in early pre-market trading, ahead of earnings from several major companies. Data on weekly initial jobless claims will be released at 8:30 a.m. ET, while the general conditions index of the Philadelphia Fed's Survey for April will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 35 points to 16,296.00, while the Standard & Poor's 500 index futures fell 3.30 points to 1,849.50. Futures for the Nasdaq 100 index declined 5.25 points to 3,496.25.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 0.58%, London's FTSE 100 index dropping 0.08% and STOXX Europe 600 Index slipping 0.25%. German DAX 30 index declined 0.20% and French CAC 40 Index fell 0.10%. Asian markets ended mixed today. Japan's Nikkei Stock Average declined 0.15 points, Hong Kong's Hang Seng Index rose 0.28%, China's Shanghai Composite fell 0.30% and India's BSE Index jumped 1.54%.
Broker Recommendation
Analysts at Pacific Crest upgraded Netflix
NFLX
from “sector perform” to “outperform.” The target price for Netflix is set to $500. Netflix's shares closed at $331.41 yesterday.
Breaking news
  • DuPont Co DD reported a 57% decline in its first-quarter earnings. DuPont's quarterly profit slipped to $1.44 billion, or $1.54 per share, compared to a year-earlier profit of $3.35 billion, or $3.58 per share. To read the full news, click here.
  • General Electric Co GE reported a drop in its first-quarter profit. GE's quarterly profit fell to $3 billion, or $0.30 per share, versus a year-ago profit of $3.53 billion, or $0.34 per share. Its operating earnings came in at $0.33 per share. To read the full news, click here.
  • Post Holdings POST today announced it has agreed to acquire MFI Holding from affiliates of GS Capital Partners, affiliates of Thomas H. Lee Partners and other owners. To read the full news, click here.
  • Schlumberger SLB reported a 26% gain in its first-quarter earnings. Schlumberger's quarterly profit surged to $1.59 billion, or $1.21 per share, versus $1.26 billion, or $0.94 per share, in the year-ago quarter. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsPacific CrestUS Stock Futures
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