US Stock Futures Down; Crude Oil Rises

US stock futures traded lower in early pre-market trade. Crude oil futures gained 1.19% to trade at $55.38 a barrel. Futures for the Dow Jones Industrial Average dropped 37 points to 17,975.00, while the Standard & Poor's 500 index futures fell 4.30 points to 2,079.90. Futures for the Nasdaq 100 index slipped 5.25 points to 4,305.00.

European markets were mostly lower today, with the Spanish Ibex Index falling 1.41%, STOXX Europe 600 Index dropping 0.29%. German DAX 30 index slipped 0.56%, French CAC 40 Index slipped 0.10% and London's FTSE 100 Index rose 0.25%. In Asian markets, Japan's Nikkei Stock Average declined 0.50%, Hong Kong's Hang Seng Index gained 1.82%, China's Shanghai Composite Index rose 0.33% and India's Sensex jumped 0.57%.

Analysts at Morgan Stanley upgraded

from undefined to Overweight. Gilead Sciences' shares rose 1.92% to $95.59 in pre-market trading.