A Peek Into The Market Before The Trading Starts - Global X Genomics & Biotechnology ETF (NASDAQ:GNOM)

Pre-open movers

US stock futures are slightly lower this morning. Futures for the Dow Jones Industrial Average dropped 12 points to 13,506.00 and S&P 500 index futures fell 2.30 points to 1,456.70. Nasdaq 100 futures declined 3.25 points to 2,847.00.

A Peek Into Global Markets

European markets were mostly lower today. The STOXX Europe 600 Index fell 0.33%, London's FTSE 100 Index dropped 0.31%, French CAC 40 Index fell 0.61% and German DAX 30 index declined 0.22%. Asian markets ended mostly higher, with China's Shanghai Composite dropping 2.14% and Australia's S&P/ASX 200 rising 0.26%. Hong Kong's Hang Seng Index climbed 0.14% and India's Sensex rose 0.42%.

Broker Recommendation

Analysts at Piper Jaffray downgraded Open Table

OTEX

from “overweight” to “neutral.” The target price for Open Table has been raised from $45 to $49. Open Table shares gained 2.17% to close at $57.03 on Friday.

Breaking news

KIT digital KITD today announced the implementation of significant workforce reductions pursuant to the restructuring program announced earlier this year. To read the full news, click here.
Complete Genomics GNOM and BGI-Shenzhen, a leading international genomics company based in Shenzhen, China, today announced that they have entered into a definitive merger agreement. To read the full news, click here.
Lowe's Companies LOW announced today it has formally withdrawn its non-binding proposal dated July 8, 2012 to the Board of Directors of RONA Inc to acquire all of the issued and outstanding common shares of RONA for C$14.50 in cash per share. To read the full news, click here.
Heska HSKA today announced that its Board of Directors has declared a cash dividend of $0.10 per share to its stockholders. To read the full news, click here.

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