US Stock Futures Signal Lower Start On Wall Street - Hasbro (NASDAQ:HAS), CASI Pharmaceuticals (NASDAQ:CASI)

Pre-open movers

US stock futures traded lower in early pre-market trade, ahead of earnings. The Chicago Fed National Activity Index for June will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 42 points to 16,990.00, while the Standard & Poor's 500 index futures fell 4.90 points to 1,966.70. Futures for the Nasdaq 100 index declined 4.75 points to 3,925.50.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.43%, STOXX Europe 600 Index dropping 0.48%. German DAX 30 index declined 0.9661%, French CAC 40 Index tumbled 0.37% and London's FTSE 100 Index dropped 0.36%. In Asian markets, Hong Kong's Hang Seng Index declined 0.29%, China's Shanghai Composite Index dropped 0.22% and India's BSE Sensex gained 0.29%.

Broker Recommendation

Analysts at SunTrust Robinson Humphrey downgraded Shire plc

SHPG

from Buy to Neutral. The target price for Shire has been raised from $250 to $269. Shire's shares dropped 1.29% to $253.74 in pre-market trading.

Breaking news

Hasbro HAS reported in-line earnings for the second quarter. Hasbro's quarterly net earnings fell to $33.5 million, or $0.26 per share, versus $36.5 million, or $0.28 per share, in the year-ago period. To read the full news, click here.
CASI Pharmaceuticals CASI announced today that China's Food and Drug Administration (CFDA) has approved the Company's application to conduct a Phase II clinical trial in triple-negative breast cancer (TNBC) patients in China for its proprietary drug candidate, ENMD-2076. To read the full news, click here.
SunTrust Banks STI reported a 5.8% gain in its second-quarter profit. The bank's quarterly profit surged to $399 million, versus a year-ago profit of $377 million. To read the full news, click here.
Steel Dynamics, STLD today announced that it has entered into a definitive agreement to acquire 100% of Severstal Columbus, LLC from OAO Severstal. To read the full news, click here.

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