US Stock Futures Drop Ahead Of Economic Data

US stock futures traded lower in early pre-market trade. Data on motor vehicle sales for October will be released today. The Markit PMI manufacturing index for October will be released at 9:45 a.m. ET, while the ISM manufacturing composite index for October and construction spending data for September will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 25 points to 17,286.00, while the Standard & Poor's 500 index futures fell 2.10 points to 2,009.30. Futures for the Nasdaq 100 index dropped 3.75 points to 4,146.75.

European markets were lower today, with the Spanish Ibex Index falling 0.58%, STOXX Europe 600 Index dropping 0.27%. German DAX 30 index slipped 0.37%, French CAC 40 Index declined 0.37% and London's FTSE 100 Index dropped 0.33%. Eurozone manufacturing PMI climbed to 50.6 in October, versus 50.3 in September. In Asian markets, Hong Kong's Hang Seng Index fell 0.34%, China's Shanghai Composite Index jumped 0.41% and India's Sensex fell 0.02%. The HSBC China Manufacturing PMI surged to a final reading of 50.4 in October, versus 50.2 in September.

Analysts at Pacific Crest upgraded NVIDIA

from Underperform to Sector Perform. NVIDIA's shares rose 4.55% to close at $19.54 on Friday.