Pre-open movers
US stock futures are lower this morning, after the Federal Reserve lowered its outlook for US economic growth. Futures on the Dow Jones Industrial Average dipped 51 points to 11,972.00 and futures on the S&P 500 stock index fell 7.10 points to 1,272.70. Nasdaq 100 futures dropped 11.25 points to 2,218.25.
A Peek Into Global Markets
Most Asian markets ended lower, with Japan's Nikkei Stock Average dropping 0.3395%, Australia's S&P/ASX 200 moving down 0.64% and China's Shanghai Composite surging 1.44%. Hong Kong's Hang Seng Index fell 0.4613% and India's Sensex jumped 1.01%.
European markets were lower today. The STOXX Europe 600 Index has dropped 0.90%, London's FTSE 100 Index moved down 1.01%, German DAX 30 index fell 1.20% and France CAC 40 index fell 1.43%.
Broker Recommendation
Analysts at Morgan Stanley downgraded Dollar General Inc (NYSE:
DG) from “overweight” to “equal-weight.” The target price for DG has been lowered to $35.
Dollar General shares dropped 1.22% to close at $33.98 yesterday.
Breaking news - Lennar Corp (NYSE: LEN) reported a 65% drop in its fiscal second-quarter net profit on Thursday. To read the full news, click here.
- SolarWinds (NYSE: SWI) today announced that it has entered into a definitive agreement to acquire privately-held TriGeo, a provider of log and event management software, for $35 million cash. To read the full news, click here.
- PURE Bioscience, Inc. (NASDAQ: PURE) today announced that Health Canada has approved PURE™ Hard Surface disinfectant for use in food premises, hospitals and health care facilities, domestic locations and institutional and industrial premises. To read the full news, click here.
- A Federal District Court judge indicated Wednesday that Apple (NASDAQ: AAPL) faced a difficult path to success in its trademark lawsuit against Amazon.com (NASDAQ: AMZN).To read the full news, click here.
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