Market Overview

US Stock Futures Edge Lower Ahead Of Economic Data

US Stock Futures Edge Lower Ahead Of Economic Data
Argus Boosts Activision Earnings Estimates, Thinks Stock Should Trade At A Premium
Stifel Remains A Buyer Of Activision Blizzard Into Q4 Earnings Print
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Pre-open movers

US stock futures traded lower in early pre-market trade. Data on import & export prices for October will be released at 8:30 a.m. ET, while wholesale inventories data for September will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average slipped 25 points to 17,650.0, while the Standard & Poor's 500 index futures fell 2.50 points to 2,070.50. Futures for the Nasdaq 100 index declined 8.25 points to 4,644.50.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.63 percent, STOXX Europe 600 Index dropping 0.48 percent and German DAX 30 index declining 0.46 percent. French CAC 40 Index slipped 0.54 percent and London's FTSE 100 Index fell 0.48 percent.

In Asian markets, Japan's Nikkei Stock jumped 0.15 percent, Hong Kong's Hang Seng Index fell 1.43 percent, China's Shanghai Composite Index declined 0.18 percent and India's BSE Sensex declined 1.45 percent.

Broker Recommendation
Analysts at Morgan Stanley downgraded King Digital Entertainment PLC (NYSE: KING) from Overweight to Equal-weight.

King Digital shares closed at $17.84 on Monday.

Breaking news

  • Trimble (NYSE: TRMB) announced today that it will acquire the assets of privately held AGRI-TREND® of Red Deer, Alberta, Canada, which operates the largest network of independent agricultural consultants in North America. To read the full news, click here.
  • D.R. Horton, Inc. (NYSE: DHI) reported a rise in its earnings for its fiscal fourth quarter on Tuesday. To read the full news, click here.
  • Astellas Pharma Inc. (OTC: ALPMY) and Ocata Therapeutics, Inc. (NASDAQ: OCAT) announced Monday that they have entered into a definitive agreement. To read the full news, click here.
  • Rackspace Hosting, Inc. (NYSE: RAX) reported better-than-expected results for the third quarter on Monday. To read the full news, click here.

Posted-In: Morgan StanleyEarnings News Eurozone Futures Global Pre-Market Outlook Markets


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