A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are lower this morning, after Standard & Poor's downgraded the US debt rating. Futures for the Dow Jones Industrial Average dipped 222 points to 11,180.00 and S&P 500 index futures fell 27.80 points to 1,170.00. Nasdaq 100 futures dropped 51.75 points to 2,135.25. A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index dropped 1.89%, London's FTSE 100 Index moved down 1.88%, French CAC 40 index fell 1.72% and German DAX 30 index dropped 2.21%. Asian markets ended lower, with Japan's Nikkei Stock Average dipping 2.18%, Australia's S&P/ASX 200 moving down 2.71% and China's Shanghai Composite declining 3.79%. Hong Kong's Hang Seng Index fell 2.17% and India's Sensex dipped 1.82%. Broker Recommendation Analysts at FBR Capital downgraded Texas Instruments Incorporated TXN from "outperform" to "market perform." The target price for Texas Instruments is set to $36. Texas Instruments shares dipped 2.61% to close at $27.19 on Friday. Breaking news
  • Dollar Thrifty Automotive Group Inc DTG reported a 0.6% rise in its second-quarter net profit. Dollar Thrifty's quarterly net profit increased to $42.5 million, from $42.3 million, in the year-ago period. Its revenue dropped 0.3% to $395.1 million. To read the full news, click here.
  • JAKKS Pacific, Inc. JAKK announced today that it has entered into an agreement to acquire Hong Kong-based Moose Mountain Toymakers Limited. To read the full news, click here.
  • QIAGEN QGEN today announced it has completed its second U.S. submission of the therascreen KRAS RGQ PCR Kit for use as a companion diagnostic paired with Erbitux (cetuximab). To read the full news, click here.
  • Ingersoll-Rand plc IR entered into an agreement to sell a 60 percent stake in its Hussmann refrigerated display case business to the private equity firm Clayton Dubilier & Rice, LLC. To read the full news, click here.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsFuturesGlobalPre-Market OutlookMarketsConsumer DiscretionaryFBR CapitalHealth CareIndustrial MachineryIndustrialsInformation TechnologyLeisure ProductsLife Sciences Tools & ServicesSemiconductorsStandard & Poor’sTruckingUS 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!