A Peek Into The Market Before The Trading Starts - Apple (NASDAQ:AAPL), American Eagle Outfitters (NYSE:AEO)

Pre-open movers

US stock futures are lower this morning, as investors are awaiting the start of Apple Inc's

AAPL

annual developers conference. Futures on the Dow Jones Industrial Average dropped 30 points to 12,095.00 and futures on the S&P 500 stock index fell 3.10 points to 1,293.20. Nasdaq 100 futures declined 7.50 points to 2,280.00.

A Peek Into Global Markets

Most Asian markets ended lower, with Japan's Nikkei Stock Average dipping 1.18%, Australia's S&P/ASX 200 moving down 0.38%. India's Sensex gained 0.30%. European markets were lower today. The STOXX Europe 600 Index has dropped 0.43%, London's FTSE 100 Index moved down 0.07%.

Broker Recommendation

Analysts at Brean Murray upgraded American Eagle Outfitters Inc

AEO

from “sell” to “hold.” The target price for American Eagle is set to $12. American Eagle shares fell 0.08% to close at $12.80 on Friday.

Breaking news

Emergent BioSolutions EBS announced today that it has acquired from TenX BioPharma, Inc. the rights to zanolimumab, an investigational, late-stage monoclonal antibody cancer therapy targeting T-cell lymphomas. To read the full news, click here.
PROLOR Biotech PBTH today reported positive results from a comparative animal study of its long-acting anti-obesity drug candidate oxyntomodulin. To read the full news, click here.
Chesapeake Energy Corporation CHK today announced that it has successfully completed its tender offer for Bronco Drilling Company, Inc. BRNC, which expired at 5:00 p.m., New York City time, on Friday, June 3, 2011. To read the full news, click here.
The International Air Transport Association (IATA) reported that it now projects member airlines to make a net profit of $4 billion this year, lower than its earlier March forecast of $8.6 billion. To read the full news, click here.

from Benzinga's Markets.

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