US Stock Futures Tumble Ahead Of Jobless Claims Report

Loading...
Loading...
Pre-open movers
US stock futures dropped in early pre-market trade, ahead of economic data. Data on weekly jobless claims will be released at 8:30 a.m. ET, while the Chicago PMI for July will be released at 9:45 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 86 points to 16,735.00, while the Standard & Poor's 500 index futures fell 10.30 points to 1,954.80. Futures for the Nasdaq 100 index dropped 24.25 points to 3,944.25.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 1.95%, STOXX Europe 600 Index dropping 0.97%. German DAX 30 index fell 1.22%, French CAC 40 Index declined 0.94% and London's FTSE 100 Index dropped 0.20%. Italy's unemployment rate declined to 12.3% in June, versus 12.6% in the prior month, while French producer prices were unchanged in June versus May. Euro-zone consumer prices rose 0.4% y/y in July, down from 0.5% in June. In Asian markets, Japan's Nikkei Stock Average fell 0.16%, Hong Kong's Hang Seng Index surged 0.10%, China's Shanghai Composite Index climbed 0.93% and India's Sensex declined 0.74%. Japan's industrial production dropped 3.3% in June, versus a 0.7% gain in May.
Broker Recommendation
Analysts at Bernstein downgraded QUALCOMM
QCOM
from Outperform to Market Perform. The target price for QUALCOMM has been lowered from $85 to $80. QUALCOMM's shares gained 0.97% to close at $76.04 yesterday.
Breaking news
  • McKesson MCK reported stronger-than-expected fiscal first-quarter profit and lifted its full-year fiscal 2015 earnings forecast. To read the full news, click here.
  • IBM IBM today announced it has acquired CrossIdeas, a privately held provider of security software that governs user access to applications and data across on-premise and cloud environments. To read the full news, click here.
  • DIRECTV DTV reported better-than-expected second-quarter earnings. To read the full news, click here.
  • Time Warner Cable TWC reported weaker-than-expected second-quarter earnings. To read the full news, click here.
Loading...
Loading...
Posted In: NewsEurozoneGlobalPre-Market OutlookMarketsBernsteinHealth CareHealth Care DistributorsUS Stock Futures
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...