US Stock Futures Down Ahead Of ADP, Beige Book

US stock futures traded lower in early pre-market trade. The ADP national employment report for February will be released at 8:15 a.m. ET, while the Markit PMI services index for February will be released at 9:45 a.m. ET. The ISM non-manufacturing index for February will be released at 10:00 a.m. ET, while the Federal Reserve will release its latest Beige Book report at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average tumbled 60 points to 18,126.00, while the Standard & Poor's 500 index futures fell 7.50 points to 2,097.30. Futures for the Nasdaq 100 index declined 13.50 points to 4,443.00.

European markets were lower today, with the Spanish Ibex Index dropping 0.68%, STOXX Europe 600 Index falling 0.15% and German DAX 30 index dropping 0.33%. French CAC 40 Index dipped 0.01% and London's FTSE 100 Index fell 0.32%. In Asian markets, Japan's Nikkei Stock Average fell 0.59%, Hong Kong's Hang Seng Index dropped 0.96%, China's Shanghai Composite Index rose 0.51% and India's BSE Sensex dipped 0.72%.

Analysts at Wedbush upgraded

from Underperform to Neutral and raised the price target from $24.00 to $37.00. Best Buy's shares climbed 1.42% to close at $39.18 yesterday.