Market Overview

US Stock Futures Down Ahead Of Wholesale Trade Data

Related UNP
Industrial Stock Earnings Fail to Impress These ETFs - ETF News And Commentary
Norfolk Southern Q2 Earnings Top Estimates on High Revenues
Frigid Winter Fuels Rail Shipments of Coal (Fox Business)
Related STXS
Morning Market Movers
Morning Market Movers

Pre-open movers

US stock futures traded lower in early pre-market trade, ahead of wholesale trade data. Data on wholesale trade for April will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 25 points to 16,911.00, while the Standard & Poor's 500 index futures fell 4.30 points to 1,945.90. Futures for the Nasdaq 100 index dropped 6.75 points to 3,787.00.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 0.09%, STOXX Europe 600 Index gaining 0.22%. German DAX 30 index rose 0.20%, French CAC 40 Index gained 0.14% and London's FTSE 100 Index dropped 0.40%. French industrial output increased 0.3% in April from March, while Italian industrial output rose 0.7% on the month in April. UK's manufacturing output climbed 0.4% on the month in April.

In Asian markets, Japan's Nikkei Stock Average fell 0.85%, Hong Kong's Hang Seng Index climbed 0.86%, China's Shanghai Composite Index gained 1.08% and India's BSE Sensex rose 0.01%. China's consumer prices gained 2.5% y/y in May, while producer prices fell 1.4% y/y.

Broker Recommendation

Analysts at RBC Capital upgraded Union Pacific (NYSE: UNP) from “sector perform” to “outperform.” The target price for Union Pacific has been raised from $97 to $115.

Union Pacific's shares closed at $102.14 yesterday.

Breaking news

  • Stereotaxis (NASDAQ: STXS) announced today that it has submitted a 510(k) Premarket Notification to the Food and Drug Administration (FDA) for the Company's Vdrive™ Robotic Navigation System with V-CAS™ Catheter Advancement System. To read the full news, click here.
  • RadioShack (NYSE: RSH) reported a wider-than-expected first-quarter loss. RadioShack posted a quarterly net loss of $98.3 million, or $0.97 per share, versus s year-ago loss of $28 million, or $0.28 per share. To read the full news, click here.
  • Isis Pharmaceuticals (NASDAQ: ISIS) announced today that AstraZeneca has initiated a Phase 1 clinical study of ISIS-ARRx in patients with cancer. Isis earned a $15 million milestone payment associated with the clinical advancement of ISIS-ARRx. To read the full news, click here.
  • B/E Aerospace (NASDAQ: BEAV) announced today that the Company's Board of Directors has commenced a process to separate its industry-leading businesses into two independent, publicly traded companies — one focused on aircraft cabin interior equipment – design, development, manufacturing, certification and direct sales on a global basis, and the other focused on distribution, logistics and technical services for the aerospace and energy services markets. To read the full news, click here.

Posted-In: RBC Capital US Stock FuturesNews Eurozone Futures Global Intraday Update Markets

 

Most Popular

Related Articles (BEAV + ISIS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters