US Stock Futures Decline Ahead Of Economic Data - Compugen (NASDAQ:CGEN)

Pre-open movers

US stock futures fell in early pre-market trade, ahead of economic data. The Empire State manufacturing index for June will be released at 8:30 a.m. ET, while industrial production data for May will be released at 9:15 a.m. ET. The NAHB housing market index for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 40 points to 16,657.00, while the Standard & Poor's 500 index futures fell 4.80 points to 1,923.50. Futures for the Nasdaq 100 index declined 8.50 points to 3,760.50.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index dropping 0.90%, STOXX Europe 600 Index declining 0.41%. German DAX 30 index fell 0.26%, French CAC 40 Index declined 0.49% and London's FTSE 100 Index slipped 0.30%. In Asian markets, Japan's Nikkei Stock Average fell 1.09%, Hong Kong's Hang Seng Index dropped 0.08%, China's Shanghai Composite Index surged 0.74% and India's BSE Sensex fell 0.15%.

Broker Recommendation

Analysts at JP Morgan upgraded DISH Network

DISH

from “neutral” to “overweight.” The target price for DISH Network has been raised from $61 to $72. DISH Network's shares closed at $58.96 on Friday.

Breaking news

Compugen CGEN disclosed today positive experimental results for CGEN-15052, a novel immune checkpoint candidate for cancer immunotherapy, which in several experimental settings demonstrated robust inhibition of T cell activation, both as a membrane protein and as an Fc fusion protein. To read the full news, click here.
Isis Pharmaceuticals ISIS announced today the final results from its Phase 2 study of ISIS-GCGR[Rx] in patients with type 2 diabetes uncontrolled on stable metformin therapy. To read the full news, click here.
Hill-Rom Holdings HRC today announced the signing of a definitive agreement to purchase TRUMPF Medical, the medical unit of the privately held TRUMPF Group, for approximately $250 million in cash. To read the full news, click here.
Medtronic MDT and Covidien plc COV today announced that they have entered into a definitive agreement under which Medtronic has agreed to acquire Covidien in a cash-and-stock transaction valued at $93.22 per Covidien share, or a total of approximately $42.9 billion, based on Medtronic's closing stock price of $60.70 per share on June 13, 2014. To read the full news, click here.

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