US Stock Futures Mostly Flat Ahead Of GDP, Jobless Claims Data

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Pre-open movers
US stock futures traded mostly flat in early pre-market trade, ahead of earnings from several major companies. Data on GDP growth for the second quarter and weekly jobless claims will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average gained 1.5 points to 17,683.5, while the Standard & Poor's 500 index futures fell 0.05 points to 2,101.45. Futures for the Nasdaq 100 index rose 6.70 points to 4,571.70.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index declining 0.48 percent, STOXX Europe 600 Index surging 0.57 percent and German DAX 30 index gaining 0.44 percent. French CAC 40 Index jumped 0.63 percent and London's FTSE 100 Index rose 0.75 percent. In Asian markets, Japan's Nikkei Stock Average jumped 1.08 percent, Hong Kong's Hang Seng Index fell 0.49 percent, China's Shanghai Composite Index dipped 2.20 percent and India's BSE Sensex climbed 0.51 percent.
Broker Recommendation
Analysts at Wedbush downgraded
Whole Foods Market, Inc. WFM
from Outperform to Neutral and maintained the price target of $40.00. Whole Foods Market shares dipped 14.50 percent to $34.90 in pre-market trading.
Breaking news
  • Mastercard Inc MA and Samsung Electronics Co., Ltd today announced they are extending their global partnership leveraging the MasterCard Digital Enablement Service (MDES) to deliver Samsung Pay in Europe. To read the full news, click here.
  • CIGNA Corporation CI reported better-than-expected earnings for the second quarter on Thursday. To read the full news, click here.
  • Baidu Inc (ADR) BIDU today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$1 billion of its shares over the next 12 months. To read the full news, click here.
  • Time Warner Cable Inc TWC reported weaker-than-expected earnings for the second quarter on Thursday. To read the full news, click here.
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