A Peek Into The Market Before The Trading Starts
US stock futures continued to move down today as well, indicating weaker opening of the market. Futures on the Dow Jones Industrial Average dropped 10.00 points to 10,261, those on the S&P 500 fell 1 points to 1,078. Meanwhile, Nasdaq 100 futures lost 2.50 points to 1,825.
A Peek Into Global Markets
Negative sentiments ruled the European markets today, with STOXX Europe 600 Index falling 0.15% and London’s FTSE 100 Index moved up 0.16%.
Most Asian markets ended in the positive territory, with Japan's Nikkei Stock Average adding 0.44%, Australia's S&P/ASX 200 moving up 1.32% and China's Shanghai Composite gaining 1.21%.
Pritchard Capital is Neutral on Rri Energy, Inc. (NYSE: RRI) and has a $4 price target as it believes shares are fully valued.
In the report Pritchard Capital writes, "[First Energy Corporation]FE ($35.77-NR) announced it would reduce operations at four small coal-fired power plants in the northern Ohio. FE cited the lower demand for electricity and uncertainty related to proposed new federal environmental regulations. We believe RRI shares are fairly priced due to weakness in longer term natural gas prices and relatively unchanged coal prices."
- Microsoft (NASDAQ: MSFT) announced Thursday that it would be launching the beta version of Internet Explorer 9 on September 15. The company plans to hold a a gala in San Francisco to celebrate "The Beauty of the Web." To read the full news, click here.
- The Euro corrected stronger to a peak above 1.2920 against the dollar in early Europe on Thursday, but was unable to sustain the advance and weakened to test support levels below 1.28 ahead of the US open. To read the full news, click here.
- Tim Hortons, Inc. (NYSE: THI) reported 2Q EPS of $0.54 vs $0.44 this time last year, and exceeded the $0.51 estimate from Newcrest. To read the full news, click here.
- Dynergy Inc. (NYSE: DYN) announced Friday that it was to be acquired by the Blackstone Group (NYSE: BX) for $542.7 million. To read the full news, click here.
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