Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 59 points to 12,898.00 and S&P 500 index futures fell 7 points to 1,355.50. Nasdaq 100 futures declined 14 points to 2,611.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index declined 0.02%, French CAC 40 index fell 0.23% and German DAX 30 index dropped 0.87%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 2.78% and Australia's S&P/ASX 200 falling 2.19%. Hong Kong's Hang Seng index declined 2.61% and India's Sensex gained 0.61%.

Broker Recommendation Analysts at Goldman Sachs downgraded Carnival Corporation (NYSE: CCL) from “buy” to “neutral.” The target price for Carnival has been lowered from $31 to $30.

Carnival shares fell 0.86% to close at $32.26 on Friday.

Breaking news

  • Northern Oil and Gas Inc (NYSE: NOG) today announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of senior notes due 2020 in a private placement to eligible purchasers. To read the full news, click here.
  • WNS (Holdings) Limited (NYSE: WNS) today announced it has entered into a strategic partnership with GT Nexus, a market leading cloud-based supplychain service provider, to deliver platform-based BPO services and solutions to the Shipping and Logistics industry. To read the full news, click here.
  • Sequans Communications SA (NYSE: SQNS) and Clearwire Corp (NASDAQ: CLWR) today announced an agreement to collaborate on LTE for the purpose of accelerating the availability of LTE devices for Clearwire's planned TDD-LTE network and to optimize the user experience for Clearwire's customers. To read the full news, click here.
  • Camtek Ltd (NASDAQ: CAMT), announced today that one of the world's leading IDMs (Integrated Device Manufacturer) based in the US made a repeated order for both backend and frontend systems. To read the full news, click here.

Posted-In: Goldman Sachs US Stock FuturesNews Futures Global Pre-Market Outlook Markets


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