A Peek Into The Market Before The Trading Starts - Palo Alto Networks (NASDAQ:PANW)

Pre-open movers

US stock futures are mixed this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 2 points to 13,491.00 and S&P 500 index futures fell 2.10 points to 1,455.00. Nasdaq 100 futures declined 3.25 points to 2,767.25.

A Peek Into Global Markets

European markets were mixed today. The STOXX Europe 600 Index fell 0.03%, London's FTSE 100 Index gained 0.02%, French CAC 40 Index dropped 0.25% and German DAX 30 index rose 0.36%. Asian markets ended higher, with Japan's Nikkei Stock Average rising 2%, China's Shanghai Composite gaining 1.24% and Australia's S&P/ASX 200 rising 0.66%. Hong Kong's Hang Seng index rose 0.48% and India's Sensex gained 0.97%.

Broker Recommendation

Analysts at Goldman Sachs downgraded St. Jude Medical

STJ

from “buy” to “neutral.” The target price for St. Jude Medical has been lowered from $48 to $42. St. Jude Medical shares dropped 4.87% to close at $40.85 yesterday.

Breaking news

R. R. Donnelley RRD today announced that it has been awarded a $25 million multi-year agreement by Parke-Bell Ltd, Inc. to provide prepress, printing, binding, and logistics services for the company's Touch of Class catalogs. To read the full news, click here.
Polaris Industries PII reported upbeat third-quarter results and lifted its full-year view. To read the full news, click here.
Ally Financial ALFI today announced that it has reached an agreement to sell its Mexican insurance business, ABA Seguros, to the ACE Group ACE, one of the world's largest multiline property and casualty insurers. To read the full news, click here.
Palo Alto Networks PANW announced the pricing of 4,800,000 shares of its common stock at $63.00 per share in a secondary offering. To read the full news, click here.

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