A Peek Into The Markets: U.S. Stock Futures Down Ahead Of Consumer Sentiment Report

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. The University of Michigan's consumer sentiment index for November is schedule for release at 10:00 a.m. ET. Federal Reserve Vice Chairman Stanley Fischer is set to speak at the Annual Conference of the Central Bank of Chile, in Santiago at 11:00 a.m. ET.

Futures for the Dow Jones Industrial Average fell 40 points to 18,750.00, while the Standard & Poor’s 500 index futures declined 7.75 points to 2,159.50. Futures for the Nasdaq 100 index dropped 44.25 points to 4,699.50.

Oil prices traded lower as Brent crude futures fell 1.35 percent to trade at $45.22 per barrel, while US WTI crude futures also fell 1.43 percent to trade at $44.71 a barrel. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 0.86 percent, STOXX Europe 600 Index dropping 0.11 percent and German DAX 30 index gaining 0.34 percent. The UK's FTSE index was trading lower by 1.03 percent, while French CAC 40 Index fell 0.62 percent.

In Asian markets, Japan’s Nikkei Stock Average climbed 0.18 percent, Hong Kong’s Hang Seng Index fell 1.35 percent, China’s Shanghai Composite Index rose 0.78 percent and India’s BSE Sensex declined 2.54 percent.

Broker Recommendation

Analysts at Pivotal Research downgraded Walt Disney Co DIS from Buy to Hold.

Disney shares rose 2.15 percent to $97.00 in pre-market trading.

Breaking news

• Walt Disney Co DIS reported weaker-than-expected results for its fiscal fourth quarter on Thursday. Bob Iger, Chairman and Chief Executive Officer said, “We remain confident that Disney will continue to deliver strong growth over the long-term.” To read the full news, click here.



• Michael Kors Holdings Ltd KORS posted upbeat earnings for its second quarter, but issued poor guidance for fiscal full year. To read the full news, click here.



• Nordstrom, Inc. JWN reported upbeat earnings for its third quarter and issued a strong forecast for the full year. To read the full news, click here.



• NVIDIA Corporation NVDA reported better-than-expected earnings for its third quarter. The company boosted its quarterly dividend by 22 percent and authorized an additional $2 billion in share buyback program. To read the full news, click here.