A Peek Into The Markets: US Stock Futures Signal Lower Start On Wall Street

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. Data on import and export prices for July will be released at 8:30 a.m. ET.

Futures for the Dow Jones Industrial Average dropped 225 points to 26,089 while the Standard & Poor’s 500 index futures fell 23 points to 2,909.00. Futures for the Nasdaq 100 index declined 67.5 points to 7,680.50.

Oil prices traded lower as Brent crude futures fell 1.4% to trade at $60.43 per barrel, while US WTI crude futures fell 1.8% to trade at $56.07 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.

 

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 1.4%, STOXX Europe 600 Index declining 1% and German DAX 30 index dropping 1.3%. The UK's FTSE index was trading lower by 0.9%, while French CAC 40 Index fell 1.2%.

In Asian markets, Japan’s Nikkei Stock Average rose 0.98%, Hong Kong’s Hang Seng Index rose 0.08%, China’s Shanghai Composite Index climbed 0.42% and India’s BSE Sensex rose 0.96%.


Broker Recommendation

Analysts at Atlantic Equities upgraded Bristol-Myers Squibb Co BMY from Neutral to Overweight.

Bristol-Myers Squibb shares rose 0.9% to $46.90 in pre-market trading.


Breaking News

  • Crown Crafts, Inc. CRWS reported better-than-expected earnings for its first quarter.
  • Presidio Inc PSDO agreed to be acquired by BC Partners for $16 per share in cash.
  • Tilray Inc TLRY reported weaker-than-expected earnings for its second quarter, while sales exceeded estimates.
  • Myriad Genetics, Inc. MYGN reported downbeat results for its fourth quarter on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsEurozoneFuturesGlobalPre-Market OutlookMarketsA Peek Into The MarketsUS Stock Futures
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!