US Stock Futures Slide Ahead Of Deere, Foot Locker Earnings

US stock futures traded lower in early pre-market trade, ahead of earnings from

and

. The manufacturing PMI for August will be released at 9:45 a.m. ET. Futures for the Dow Jones Industrial Average dropped 62.5 points to 16,854.5, while the Standard & Poor's 500 index futures fell 4.05 points to 2,021.45. Futures for the Nasdaq 100 index slipped 17.45 points to 4,348.80.

European markets were lower today, with the Spanish Ibex Index falling 1.10 percent, STOXX Europe 600 Index declining 1.27 percent and German DAX 30 index dropping 0.96 percent. French CAC 40 Index declined 1.08 percent and London's FTSE 100 Index fell 0.89 percent. In Asian markets, Japan's Nikkei Stock Average fell 2.98 percent, Hong Kong's Hang Seng Index declined 1.53 percent, China's Shanghai Composite Index dipped 4.27 percent and India's BSE Sensex fell 0.88 percent.

Analysts at B. Riley downgraded

from Buy to Neutral and lowered the price target from $20.00 to $14.00. Stage Stores shares dipped 29.29 percent to close at $11.95 yesterday.