US Stock Futures Edge Lower Ahead Of Consumer Sentiment Report

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Pre-open movers
US stock futures traded slightly lower in early pre-market trade. The employment cost index for the second quarter will be released at 8:30 a.m. ET, while the Chicago PMI for July will be released at 9:45 a.m. ET. The University of Michigan's consumer sentiment index for July will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dropped 15.5 points to 17,670.5, while the Standard & Poor's 500 index futures fell 2.30 points to 2,101.45. Futures for the Nasdaq 100 index slipped 3.85 points to 4,591.40.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index declining 0.53 percent, STOXX Europe 600 Index falling 0.22 percent and German DAX 30 index gaining 0.04 percent. French CAC 40 Index jumped 0.30 percent and London's FTSE 100 Index fell 0.25 percent. In Asian markets, Japan's Nikkei Stock Average jumped 0.30 percent, Hong Kong's Hang Seng Index rose 0.56 percent, China's Shanghai Composite Index dipped 1.13 percent and India's BSE Sensex climbed 1.48 percent.
Broker Recommendation
Analysts at Cowen downgraded
Zillow Group Inc Z
from Market Perform to Underperform and lowered the price target from $90 to $60. Zillow shares dipped 1.19 percent to $82.10 in pre-market trading.
Breaking news
  • LinkedIn Corp LNKD reported stronger-than-expected results for its second quarter. To read the full news, click here.
  • Eisai Co., Ltd (ADR) ESALY and Halozyme Therapeutics, Inc. HALO announced today that they have signed a clinical collaboration agreement to evaluate Eisai'santicancer agent eribulin mesylate (in combination with Halozyme's investigational new drug PEGPH20 in first line HER2-negative advanced breast cancer. To read the full news, click here.
  • Newell Rubbermaid Inc. NWL reported stronger-than-expected earnings for the second quarter on Friday. To read the full news, click here.
  • Weyerhaeuser Co WY reported better-than-expected earnings for its second quarter on Friday.To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsCowenUS Stock Futures
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