US Stock Futures Down; Apple Shares Slide After Weak Sales Forecast

US stock futures traded lower in early pre-market trade. The FHFA house price index for May will be released at 9:00 a.m. ET, while existing home sales data for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dropped 54 points to 17,812.0, while the Standard & Poor's 500 index futures fell 7.85 points to 2,106.65. Futures for the Nasdaq 100 index dipped 55.30 points to 4,611.20.

European markets were mostly lower today, with the Spanish Ibex Index gaining 0.28 percent, STOXX Europe 600 Index declining 0.47 percent and German DAX 30 index dropping 0.64 percent. French CAC 40 Index slipped 0.42 percent and London's FTSE 100 Index fell 1.12 percent. In Asian markets, Japan's Nikkei Stock Average dipped 1.19 percent, Hong Kong's Hang Seng Index fell 0.99 percent, China's Shanghai Composite Index rose 0.21 percent and India's BSE Sensex jumped 1.15 percent.

Analysts at Cowen & Company downgraded

from Outperform to Market Perform. The target price for Apple has been lowered from $140 to $130. Apple shares fell 6.54 percent to $122.20 in pre-market trading.