US Stock Futures Edge Lower Ahead Of Earnings, Economic Data

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Pre-open movers
US stock futures traded slightly lower in early pre-market trade. The U.S. international trade report for September will be released at 8:30 a.m. ET, while factory orders data for September will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 10 points to 17,275.00, while the Standard & Poor's 500 index futures fell 2.20 points to 2,008.90. Futures for the Nasdaq 100 index dropped 6.50 points to 4,150.75.
A Peek Into Global Markets
European markets were mixed today, with the Spanish Ibex Index falling 0.17%, STOXX Europe 600 Index rising 0.15%. German DAX 30 index climbed 0.32%, French CAC 40 Index declined 0.02% and London's FTSE 100 Index gained 0.06%. In Asian markets, Japan's Nikkei Stock Average jumped 2.73%, Hong Kong's Hang Seng Index fell 0.29% and China's Shanghai Composite Index jumped 0.03%.
Broker Recommendation
Analysts at SunTrust Robinson Humphrey upgraded Eastman Chemical Company
EMN
from Neutral to Buy. The price target for Eastman Chemical has been raised from $89 to $95. Eastman Chemical's shares closed at $82.03 yesterday.
Breaking news
  • Dish Network DISH reported weaker-than-expected earnings for the third quarter. To read the full news, click here.
  • Covidien plc COV today announced U.S. Food and Drug Administration 510(k) clearance for the HawkOne™ directional atherectomy system. To read the full news, click here.
  • STAAR Surgical Company STAA today announced that it has received the Approval Certification from CFDA to market its Visian ICL with CentraFLOW® technology in China effective November 3rd. To read the full news, click here.
  • The Vitamin Shoppe VSI reported today that it has entered into an agreement with JPMorgan Chase Bank, N.A. to repurchase $50 million of the Company's common stock under a variable term, capped accelerated share repurchase program (ASR). To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsSunTrust Robinson HumphreyUS Stock Futures
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