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US stock futures are lower this morning. Hurricane Sandy is likely to hit the East Coast late Monday. Futures for the Dow Jones Industrial Average dipped 97 points to 12,957.00 and S&P 500 index futures fell 10.20 points to 1,397.40. Nasdaq 100 futures dropped 22.50 points to 2,636.50.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.68%, London's FTSE 100 Index dropped 0.71%, French CAC 40 Index declined 1.02% and German DAX 30 index fell 0.77%.

Asian markets ended mixed, with Japan's Nikkei Stock Average rising 0.04%, China's Shanghai Composite dropping 0.35% and Australia's S&P/ASX 200 rising 0.07%. Hong Kong's Hang Seng index fell 0.16% and India's Sensex gained 0.06%.

Broker Recommendation Analysts at Deutsche Bank downgraded MetroPCS Communications (NYSE: PCS) from “buy” to “hold.” The target price for MetroPCS has been lowered from $15 to $11.

MetroPCS shares gained 0.29% to $10.62 in after-hours trading.

Breaking news

  • UnitedHealth Group (NYSE: UNH) and Amil Participações SA announced today that the companies have completed the first phase of their combination. To read the full news, click here.
  • Spectrum Pharmaceuticals (NASDAQ: SPPI) today announced the appointment of Joseph Turgeon as Senior Vice President Sales & Commercial Operations. To read the full news, click here.
  • Due to severe weather from Hurricane Sandy, American Airlines (OTC: AAMRQ) and American Eagle are suspending operations at a number of airports in the Mid-Atlantic and Northeast regions of the United States from 10 p.m. Sunday, Oct. 28 until approximately midday Wednesday, Oct. 31. To read the full news, click here.
  • Clean Harbors (NYSE: CLH) today announced it has signed a definitive agreement to acquire Safety-Kleen. To read the full news, click here.

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


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