Market Overview

A Peek Into the Market Before the Trading Begins

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Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 40 points to 12,921.00 and S&P 500 index futures fell 4.80 points to 1,400.50. Nasdaq 100 futures dropped 6.25 points to 2,628.00.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.48%, London's FTSE 100 Index dropped 0.44%, French CAC 40 Index declined 0.86% and German DAX 30 index fell 0.26%.

Asian markets ended mixed, with Japan's Nikkei Stock Average gaining 0.24%, China's Shanghai Composite dropping 0.49% and Australia's S&P/ASX 200 rising 0.27%. Hong Kong's Hang Seng Index declined 0.24% India's Sensex rose 0.16%.

Broker Recommendation Analysts at Bernstein upgraded Facebook (NASDAQ: FB) from “market perform” to “outperform.” The target price for Facebook has been raised from $23 to $33.

Facebook shares gained 1.38% to $24.33 in pre-market trading.

Breaking news

  • Ceres (NASDAQ: CERE) today announced that its Brazilian subsidiary Ceres Sementes do Brasil Ltda., has signed a sweet sorghum market development agreement with Syngenta (NYSE: SYT). To read the full news, click here.
  • NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems (NASDAQ: QSII) and a leading provider of healthcare information systems and connectivity solutions, announced today it has joined with Microsoft (NASDAQ: MSFT) to develop and launch the NextGen MedicineCabinet application. To read the full news, click here.
  • The Special Committee of the Board of Directors of CNH Global NV (NYSE: CNH) today announced that it has recommended the merger agreement entered into today between CNH and Fiat Industrial SpA (OTC: FNDSF). To read the full news, click here.
  • ImmunoGen (NASDAQ: IMGN) today announced the appointment of Charles Morris, MB, ChB, MRCP as Executive Vice President and Chief Development Officer, effective today. To read the full news, click here.

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


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