Market Overview

US Stock Futures Edge Lower Ahead Of Housing Data

US Stock Futures Edge Lower Ahead Of Housing Data
Related TEG
Benzinga's Volume Movers
Integrys Energy Group Declares Special Pro Rata Dividend Of $0.68
Costa: 7 Stocks Market Technicians Should Keep An Eye On
Monday's Mid-Day Movers: Greece Reaches Deal, Dow Up Triple Digits

Pre-open movers

US stock futures traded lower in early pre-market trade, ahead of economic data. The FHFA house price index and the S&P/Case-Shiller home price index for April will be released at 9:00 a.m. ET. Data on new home sales for May, the Conference Board's consumer confidence index for June and the Richmond Fed manufacturing index for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 16 points to 16,824.00, while the Standard & Poor's 500 index futures fell 3.40 points to 1,949.60. Futures for the Nasdaq 100 index declined 6 points to 3,788.50.

A Peek Into Global Markets

European markets were mixed today, with the Spanish Ibex Index dropping 0.02%, STOXX Europe 600 Index declining 0.20%. German DAX 30 index rose 0.07%, French CAC 40 Index gained 0.10% and London's FTSE 100 Index dropped 0.13%. German IFO business climate index slipped to 109.7 in June, versus an unrevised reading of 110.4 in May.

In Asian markets, Japan's Nikkei Stock Average rose 0.05%, Hong Kong's Hang Seng Index surged 0.33%, China's Shanghai Composite Index jumped 0.47% and India's BSE Sensex surged 1.35%.

Broker Recommendation

Analysts at Baird downgraded Integrys Energy Group (NYSE: TEG) from “outperform” to “neutral.” The target price for Integrys Energy has been raised from $64 to $68.

Integrys Energy's shares closed at $68.35 yesterday.

Breaking news

  • Ohr Pharmaceutical (NASDAQ: OHRP) today announced positive top-line interim results for its double-masked, placebo-controlled Phase II clinical trial of Squalamine eye drops in patients with wet age-related macular degeneration (wet AMD). To read the full news, click here.
  • GE Oil & Gas (NYSE: GE) announced today it has received an order for the offshore oil and gas industry's first 20,000-psi (20-ksi) rated deepwater blowout preventer (BOP) stack and riser systems from Copenhagen, Denmark-based Maersk Drilling. To read the full news, click here.
  • IBM (NYSE: IBM) today announced it has been selected by Toyota Motor (NYSE: TM) to build and design a new application development platform that will foster the creation of in-car services to improve the driver experience. To read the full news, click here.
  • Raptor Pharmaceutical (NASDAQ: RPTP) today announced that data from its open label extension study of delayed-release cysteamine bitartrate (PROCYSBI^®) has been published in the Journal of Pediatrics [DOI: 10.1016/j.jpeds.2014.05.013]. To read the full news, click here.

Posted-In: Baird US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets


Related Articles (GE + IBM)

Get Benzinga's Newsletters