Market Overview

A Peek Into The Market Before The Trading Starts

A Peek Into The Market Before The Trading Starts
Related SPLS
Retail To Finish Q2 Earnings Season As Challenges Continue
Can Nordstrom Or Office Depot Rise Above Low Retail Earnings Expectations?
Related JOEZ
Joe's Jeans to Sell Joe's Brand, Assets for $80M to Sequential Brands, Global Brands Group
Earnings Scheduled For October 9, 2014

Pre-open movers US stock futures are slightly higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 19 points to 13,154.00 and S&P 500 index futures rose 2.20 points to 1,405.70. Nasdaq 100 futures gained 3 points to 2,741.50.

A Peek Into Global Markets European markets were mixed today. The STOXX Europe 600 Index dropped 0.07%, French CAC 40 index rose 0.03%. London's FTSE 100 Index moved down 0.23% and German DAX 30 index rose 0.09%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average gaining 1.88%, China's Shanghai Composite dipping 0.32% and Australia's S&P/ASX 200 moving up 1.08%. Hong Kong's Hang Seng index dropped 0.45% and India's Sensex fell 0.40%.

Broker Recommendation Analysts at Citigroup downgraded Staples (NASDAQ: SPLS) from “neutral” to “sell.” The target price for Staples has been lowered from $15 to $10.

Staples shares gained 0.09% to $11.50 in after-hours trading.

Breaking news

  • Joe's Jeans (NASDAQ: JOEZ) announced the opening of its West Coast flagship store and seventh freestanding boutique, located on Melrose Place in Los Angeles, California. To read the full news, click here.
  • Lexicon Pharmaceuticals (NASDAQ: LXRX) today reported preliminary results from Phase 1 studies of LX2931 and LX7101. To read the full news, click here.
  • Jacada (NASDAQ: JCDA) has appointed veteran technology executive Guy Yair as Co-Chief Executive Officer (Co-CEO). To read the full news, click here.
  • Genpact Limited (NYSE: G) announced the signing of an agreement with the Indian Institute of Management, Udaipur, one of India's leading business schools, to create a "Knowledge Partnership." To read the full news, click here.

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


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