US Stock Futures Down Ahead Of Factory Orders Data

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Pre-open movers
US stock futures traded lower in early pre-market trade. Data on factory orders for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dropped 28.5 points to 17,482.5, while the Standard & Poor's 500 index futures fell 3.85 points to 2,087.15. Futures for the Nasdaq 100 index slipped 11.80 points to 4,561.20.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 1.35 percent, STOXX Europe 600 Index declining 0.47 percent and German DAX 30 index dropping 0.20 percent. French CAC 40 Index slipped 0.56 percent and London's FTSE 100 Index fell 0.23 percent. In Asian markets, Japan's Nikkei Stock Average fell 0.14 percent, Hong Kong's Hang Seng Index fell 0.02 percent, China's Shanghai Composite Index jumped 3.69 percent and India's BSE Sensex slipped 0.41 percent.
Broker Recommendation
Analysts at Goldman Sachs downgraded
Allstate CorpALL
from Conviction Buy to Neutral. Allstate shares dipped 4.88 percent to $65.95 in after-hours trading.
Breaking news
  • Aetna Inc AET reported stronger-than-expected earnings for the second quarter and lifted its full-year earnings forecast. To read the full news, click here.
  • RR Donnelley & Sons Co RRD today announced that it intends to create three independent, publicly traded companies. To read the full news, click here.
  • Time Inc TIME reported stronger-than-expected results for the second quarter on Tuesday. To read the full news, click here.
  • Alibaba Group Holding Ltd BABA today announced the appointment of Michael Evans as President of Alibaba Group, effective immediately. To read the full news, click here.
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Posted In: NewsEurozoneFuturesGlobalPre-Market OutlookMarketsGoldman SachsUS Stock Futures
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