US Stock Futures Edge Lower Ahead Of Earnings, Jobless Claims

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Pre-open movers
US stock futures traded lower in early pre-market trade. Data on weekly jobless claims and nonfarm business productivity for the third quarter will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average dropped 22 points to 17,391.00, while the Standard & Poor's 500 index futures fell 4.60 points to 2,014.10. Futures for the Nasdaq 100 index declined 5.50 points to 4,137.00.
A Peek Into Global Markets
European markets were mixed today, with the Spanish Ibex Index dropping 0.05%, STOXX Europe 600 Index falling 0.30%. German DAX 30 index climbed 0.08%, French CAC 40 Index surged 0.03% and London's FTSE 100 Index dropped 0.16%. In Asian markets, Japan's Nikkei Stock Average fell 0.86%, Hong Kong's Hang Seng Index fell 0.20% and China's Shanghai Composite Index rose 0.27%.
Broker Recommendation
Analysts at Deutsche Bank downgraded Duke Energy
DUK
from Buy to Hold. The price target for Duke Energy has been raised from $78 to $81. Duke Energy's shares closed at $83.50 yesterday.
Breaking news
  • BIND Therapeutics BIND today announced a joint research and development agreement with Merck MRK, known as MSD outside the United States and Canada, through a subsidiary, to discover and develop novel nanomedicines for oncology. To read the full news, click here.
  • CDW CDW reported better-than-expected third-quarter earnings. To read the full news, click here.
  • Omeros OMER today announced positive data using a derivative of OMS721 in a well-established animal model of stroke. OMS721 is the company's lead human monoclonal antibody targeting mannan-binding lectin-associated serine protease-2 (MASP-2).To read the full news, click here.
  • The Wendy's Company WEN reported weaker-than-expected earnings for the third quarter. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsDeutsche BankUS Stock Futures
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