Market Overview

A Peek Into The Market Before The Trading Starts

A Peek Into The Market Before The Trading Starts
Related TWC
How The New Communication Services Sector Could Look
Apple Looks To Hollywood, 20 Years After Steve Jobs Said Content Makes Great Products
Related LMNR
Preview: Limoneira's Earnings
Earnings Scheduled For January 8, 2018

Pre-open movers US stock futures are lower this morning, as investors are awaiting weekly jobless claims data. Futures for the Dow Jones Industrial Average tumbled 66 points to 13,890.00 and S&P 500 index futures fell 5.70 points to 1,511.40. Nasdaq 100 futures dropped 11.50 points to 2,758.75.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.47%, London's FTSE 100 Index dropped 0.77%, German DAX 30 Index declined 1.16% and French CAC 40 Index fell 0.89%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.50% and Australia's S&P/ASX 200 Index gaining 0.65%. Hong Kong's Hang Seng Index gained 0.85% and India's Sensex dropped 0.57%.

Broker Recommendation Analysts at RBC Capital downgraded Time Warner Cable (NYSE: TWC) from “outperform” to “sector perform.” The target price for Time Warner Cable is set to $97.

Time Warner Cable shares fell 1.21% to close at $86.76 yesterday.

Breaking news

  • Limoneira Company (NASDAQ: LMNR) today announced that it has priced a public offering of 1,800,000 shares of its common stock at a public offering price of $18.50 per share, for total gross proceeds of approximately $33.3 million. To read the full news, click here.
  • Endeavour International Corporation (NYSE: END) announced today that its Board of Directors has authorized the Company's management team to explore a broad range of strategic alternatives to further enhance shareholder value. To read the full news, click here.
  • Artio Global Investors (NYSE: ART), today announced that it has entered into an agreement and plan of merger with Aberdeen Asset Management PLC, a global asset management firm listed on the London Stock Exchange, pursuant to which Aberdeen will acquire Artio Global for $2.75 in cash per share. To read the full news, click here.
  • Anheuser-Busch InBev (NYSE: BUD) and Constellation Brands (NYSE: STZ) today announced a revised agreement that establishes Crown Imports as the #3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo's U.S. business. To read the full news, click here.

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


Related Articles (BUD + ART)

View Comments and Join the Discussion!