US Stock Futures Edge Lower Ahead Of ADP Report

US stock futures traded lower in early pre-market trade. Data on motor vehicle sales for September will be released today. The ADP national employment report for September will be released at 8:15 a.m. ET, while the Markit PMI manufacturing index for September will be released at 9:45 a.m. ET. The ISM manufacturing composite index for September and construction spending data for August will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dropped 13 points to 16,952.00, while the Standard & Poor's 500 index futures fell 2.50 points to 1,963.00. Futures for the Nasdaq 100 index declined 7.75 points to 4,037.00.

European markets were mostly higher today, with the Spanish Ibex Index rising 0.16%, STOXX Europe 600 Index dropping 0.17%. German DAX 30 index rose 0.11%, French CAC 40 Index declined 0.44% and London's FTSE 100 Index dropped 0.52%. The eurozone manufacturing PMI declined to 50.3 in September, versus a prior estimate of 50.5. German's manufacturing PMI dropped to 49.9 in September. In Asian markets, Japan's Nikkei Stock Average dropped 0.56%, Hong Kong's Hang Seng Index fell 1.28%, China's Shanghai Composite Index rose 0.26% and India's BSE Sensex dropped 0.23%. China's official manufacturing PMI came in unchanged at 51.1 in September. South Korea's exports increased 6.8% y/y to $47.69 billion in September versus a revised 0.2% drop in August. Imports surged 8% to $44.33 billion in September.

Analysts at Northland Securities upgraded Angie's List

from Underperform to Market Perform. The target price for Angie's List has been raised from $6.75 to $8. Angie's List shares jumped 22.45% to $7.80 in pre-market trading.