Market Overview

A Peek Into The Market Before The Trading Starts

A Peek Into The Market Before The Trading Starts
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Morning Market Movers

Pre-open movers US stock futures are lower this morning, after downbeat earnings from Apple (NASDAQ: AAPL). Futures for the Dow Jones Industrial Average dipped 94 points to 12,962.00 and S&P 500 index futures fell 10.80 points to 1,397.40. Nasdaq 100 futures dropped 13.75 points to 2,634.25.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.57%, London's FTSE 100 Index dropped 0.77%, French CAC 40 Index declined 0.47% and German DAX 30 index fell 0.44%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 1.35%, China's Shanghai Composite dropping 1.68% and Australia's S&P/ASX 200 dropping 0.82%. Hong Kong's Hang Seng index fell 1.21% and India's Sensex dipped 0.71%.

Broker Recommendation Analysts at Credit Suisse downgraded St. Jude Medical (NYSE: STJ) from “outperform” to “neutral.” The target price for St. Jude Medical has been lowered from $45 to $43.

St. Jude Medical shares gained 0.62% to $38.51 in after-hours trading.

Breaking news

  • Prospect Global Resources (NASDAQ: PGRX) announced today that it has entered into an exclusivity arrangement with an affiliate of Apollo Global Management LLC (NYSE: APO) pursuant to which funds managed by APO would purchase $100,000,000 of newly issued 10% Convertible Second Lien Notes, expected to fund in the first half of 2013. To read the full news, click here.
  • Weyerhaeuser Co (NYSE: WY) reported a 25% drop in its third-quarter profit. To read the full news, click here.
  • Dana Holding (NYSE: DAN) today announced its Board of Directors has approved a share repurchase program for up to $250 million of its currently outstanding shares of common stock. To read the full news, click here.
  • Microsoft (NASDAQ: MSFT) today announced that its new PC, Microsoft Surface, is now available for purchase at all Microsoft retail, holiday and online stores in the United States and Canada. To read the full news, click here.

Posted-In: Credit Suisse US Stock FuturesNews Futures Global Pre-Market Outlook Markets Best of Benzinga


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