US Stock Futures Down; Crude Oil Tumbles Over 1%

US stock futures traded lower in early pre-market trade. The Markit PMI manufacturing index for November will be released at 9:45 a.m. ET, while the ISM manufacturing composite index for November will be released at 10:00 a.m. ET. Crude oil futures fell 1.10% to trade at $65.41 a barrel. Futures for the Dow Jones Industrial Average dropped 70 points to 17,742.00, while the Standard & Poor's 500 index futures fell 9.40 points to 2,056.90. Futures for the Nasdaq 100 index declined 9.50 points to 4,328.75.

European markets were lower today, with the Spanish Ibex Index dropping 0.89%, STOXX Europe 600 Index falling 0.45%. German DAX 30 index slipped 0.41%, French CAC 40 Index declined 0.56% and London's FTSE 100 Index dropped 0.96%. The eurozone's manufacturing PMI slipped to 50.1 in November, versus 50.4 in October. In Asian markets, Japan's Nikkei Stock Average rose 0.75%, Hong Kong's Hang Seng Index dropped 2.58%, China's Shanghai Composite Index slipped 0.10% and India's Sensex declined 0.47%.

Analysts at JP Morgan upgraded Deere & Company

from Underweight to Neutral. The price target for Deere has been raised from $83 to $90. Deere's shares closed at $86.62 on Friday.